Commercial Vehicle Insurance
Keep your business running, by ensuring that your vehicles are protected by our Commercial Vehicle Insurance.
We cover these vehicles
Lorry
Station wagon
Pickup truck
Van
Refrigerated commercial vehicle
What you can get
Choice of coverage
Enjoy the flexibility of choosing from our range of solutions that include comprehensive cover and third party liabilities.
Fast claims processing
Be assured that your claims are processed quickly with Etiqa’s award-winning claims team.
No workshop restriction
Choose to send your vehicle to a preferred workshop at no additional cost.
Towing service
Claim for a towing service for up to S$200.
Choose your preferred coverage
| Comprehensive | Third Party, Fire and Theft | Third Party Only | ||
|---|---|---|---|---|
| Loss or damage to vehicle | a) accidental loss or damage by fire |  |
|
|
| b) loss or damage by theft | |
|
||
| c) accidental loss or damage by other insured causes | |
|||
| d) accidental loss or damage to accessories and spare parts (*by fire and/or theft only) | |
|
||
| Towing Services | Towing to repairers or place of safety following accident | |
|
|
| Third Party’s Liability | a) Death or bodily injury to other people | |
|
|
| b) Loss or damage to property of other people | |
|
|
|
| c) Legal costs and expenses | |
|
|
|
| Windscreen Cover | Cover for windscreen repair & replacement (excess of $100 applies for replacement) | |
Download Brochure
This policy is underwritten by Etiqa Insurance Pte. Ltd., a member of Maybank Group.
This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact us or visit the GIA or SDIC web-sites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg).
This content is for reference only and is not a contract of insurance. Full details of the policy terms and conditions can be found in the policy contract.
The information contained on this product advertisement is intended to be valid in Singapore only and shall not be construed as an offer to sell or solicitation to buy or provision of any insurance product outside Singapore.
Information is accurate as at 3 April 2023.
Frequently Asked Questions
Have more questions? Read our FAQs.
Commercial Vehicle
We offer insurance for vehicles used for commercial purposes that is registered under a company, covering vehicle types like Lorry, Station Wagon, Pickup, Vans and Refrigerated Vehicle. Excluding vehicles that are used for hire, such as Grab or Uber used cars.
Commercial Vehicle Insurance can be offered if you are the main driver of the Vehicle and it is registered under your own name or a company which is owned by you. You or any additional drivers need to be a Singapore resident, possessing a valid NRIC/FIN or a registered company with a valid Company or Business Registration Number . You as The Insured have never been refused, declined renewal or terminated for vehicle insurance by any insurers. No driver should have any class of license suspended or cancelled in the last 3 years. The vehicle needs to be registered in Singapore and any modifications needs to be LTA compliant. All drivers should not have made against the insurance more than 2 claims or a total claim amount exceeding $30,000 against any insurer in the last 3 years.
Please refer to this link.
Plans and Coverage
These three types provide different coverage level:
- Comprehensive covers for your legal liability to third party’s bodily injury and property damage, as well as loss or damage to your own vehicle.
- Third Party Fire and Theft covers for your legal liability to third party’s bodily injury and property damage, as well as loss or damage to your own vehicle due to fire or theft only.
- Third Party covers for your legal liability to third party’s bodily injury and property damage only.
Excess means that in respect in respect of each and every financial damage event, you shall be responsible for the first amount stated under “Excess” in the Schedule of the Policy. For instance, if the damage to your windscreen costs $1,000 to replace and your excess states $100 for windscreen replacement, you will be responsible for the first $100.
In the event of an occurrence to the insured vehicle resulting in a valid claim, drivers aged under 27 and/or who has held a full driving licence for less than 2 years, or who is above the age of 75, an additional excess of S$4,000 (Section I only) will be imposed on top of the policy excess.
Other than Singapore, you are covered in West Malaysia and in Thailand that is within 80 kilometres of the border between Thailand and West Malaysia.
An additional excess of $2,000 will be imposed on top of the policy excess if vehicle is stolen whilst driven outside of Singapore.
Yes, you may get your vehicle repaired at your preferred workshop at no additional charge or premium cover.
You may click here to make a claim.
You might also be interested in
Apply for business insurance today
Improve financial security and protect your business with a diverse range of affordable and flexible solutions.
Group