Commercial vehicle insurance is an insurance policy for commercial vehicles to cover the damages and
losses caused to or by a vehicle and the owner/driver. Commercial vehicle insurance protects a business
in case of an unfortunate event or accident. The situations include accidents, collisions, natural
calamities, fires, theft, etc.
As per the Motor Vehicles Act of 1988, businesses must have commercial vehicle insurance. Without
insurance, you will be liable to pay penalties and fines.
Any individual or business engaging a vehicle in commercial activities requires commercial vehicle insurance. The vehicles included in this category are taxis/cabs, passenger buses, school buses, trucks, tractors, commercial vans, auto-rickshaws, commercial two-wheelers, goods-carrying vehicles, passenger-carrying vehicles, and more.
If your business has one or many vehicles, it is a wise choice to have commercial vehicle insurance. It will protect you financially and cover the business from damages and losses caused to the vehicle(s) and the people using it.
In case your vehicle is involved in business, such as regular cab service, private transport or school bus, having commercial vehicle insurance will assure the passengers that they are covered and protected.
It is mandatory to at least have a Liability Only policy for the vehicle. It protects third parties against damages and losses that your commercial vehicle could cause.
This add-on gives your commercial vehicle some extra protection. It covers the cost of your vehicle’s parts and bits, such as nuts and bolts, engine oil, grease and screws, in the event of an accident.
Whether you face a vehicle breakdown, accident, flat tyre or dead battery, you can avail roadside assistance services available 24/7 for our customers.
A vehicle involved in an accident needs to be towed to get it fixed. With this add-on, HWA covers the additional charges of towing to move your car from the accident spot to the nearest garage.
Under this add-on, you can protect your vehicle engine and gearbox, which may get damaged due to leakage of oil or water regression. This add-on covers the damage caused after the accident(because of it), which is not covered in the base policy.
The vehicle and its parts depreciate over time due to wear and tear. With this add-on, HWA ensures the depreciation of the replaced parts is covered in case of an accident.
Under circumstances where the vehicle’s lockset needs to be replaced, or the keys get lost, this add-on comes in handy. We help the insured get compensated for the expenses incurred to get the locks installed or keys replaced.
If your vehicle has electrical accessories installed which are not part of the manufacturer's model, this add-on covers those accessories in case of an accident.
If you have any non-electrical accessories apart from the manufacturer’s model, this add-on cover helps you cover those accessories in case of damages or losses.
Any legal liability arising against you due to any injury caused to your employee or worker, this add-on offers cover for such situations.
Depending on your requirements, we offer two types of commercial vehicle insurance policies: Comprehensive insurance policy and third-party insurance policy.
The third-party insurance policy covers only the losses or damages caused by your commercial vehicle to them. Meanwhile, comprehensive insurance covers your commercial vehicle from damage caused by it and to it.
| COVERS | COMPREHENSIVE | THIRD-PARTY |
|---|---|---|
| accident |  |
 |
| Fire | |
|
| Theft | |
|
| Natural calamities | |
|
| No claim bonus | |
|
| Add-ons | |
|
| Personal accidents | |
|
| Third-party property damage | |
|
| Customization of IDV | |
|
| Injury to a third-party person | |
|
Commercial vehicles are the backbone of the transport industry. From trucks, buses and tractors to taxis, cabs, passenger-carrying vehicles and goods-carrying vehicles, these vehicles are crucial for ease of life. And insurance makes them safer and protected. Hindustan Warranty Assist treats its customers like VIPs. How? Read on.
Comprehensive Coverage: Our commercial vehicle insurance plans cover every type of vehicle. HWA ensures you and your vehicles are protected against every uncertainty.
Trusted brand: A trusted insurance company for your vehicles. We are known to cater to our clients' requirements with our vast insurance plans.
Custom-tailored plans:Custom insurance plans for your vehicles. Get a customised insurance policy based on your requirements.
Hassle-free claim settlement:Claim settlement at Hindustan Warranty Assist is swift, easy, and hassle-free. Experience a stress-free claim settlement process with us.
24/7 support: We offer 24/7 assistance. Our team is available round the clock for seamless support.
Easy Add-ons:Make your insurance policy stronger with easy add-ons for your commercial vehicle. Choose from our vast add-ons and enjoy total peace of mind.
| Key Features | Benefits of HWA Two-Wheeler Insurance |
|---|---|
| Customizable IDVs | Available |
| Customizable Add-ons | Available |
| Claim process | Cashless claims |
| Damages to third party | Available |
| Customer Support | Available 24/7 |
| Own damage cover | Available for comprehensive cover |
| Online policy renewal | Available |
| Types of commercial vehicles covered | Trucks, lorries, buses, tractors, cabs/taxis, auto-rickshaws, commercial vans, etc. |
Accidents: Damage caused to the vehicle in case of an accident.
Fire: Covers damage caused by fire to the commercial vehicle.
Theft: Loss or damage caused to the commercial vehicle due to theft.
Natural disaster: Commercial vehicles getting damaged due to natural calamities such as earthquakes, floods, and hurricanes.
Personal accident: The accident of the commercial vehicle resulting in injury or death of the driver.
Third-party losses: Any damages caused by the commercial vehicle to the third party.
Towing disabled vehicles: Damage caused by the commercial vehicle to the towing vehicle.
It is important to know what is not covered under the Hindustan Warranty Assist commercial vehicle insurance policy so you don’t get surprises while filing a claim.
Any accidental losses/damages caused to the vehicle outside the geographic coverage of the policy (outside India).
Commercial vehicle damaged due to illegal driving, such as drunk driving, speed racing, etc.
Driving the vehicle without a valid driver’s license.
Damage caused due to war or war-like situations or nuclear risk.
Commercial vehicle insurance does not cover the vehicle’s general wear and tear.
Commercial vehicle insurance claim settlement gets easier with Hindustan Warranty Assist. Simply call us at 1800 123 1833 or drop us an email at Support@hindustanwarrantyassist.com.
To make the claim settlement process easy and fast, keep the necessary details handy. Keep the details such as insurance policy number, location of the accident, date and time of the accident, and contact information of the insured.
In case of theft, property damage or bodily harm, we request you to file a First Information Report (FIR) with the police within 48 hours, as in some cases, an FIR may be needed.
Hindustan Warranty Assist offers a convenient process for filing a claim for your commercial vehicle insurance policy. With HWA, you can file a claim with minimal documents. The documents required are as follows:
NOTE:The document list above is indicative. Additional documents/information may be required depending upon the circumstances of loss or damage.
A commercial vehicle insurance policy is important for your vehicle.
If you own a commercial vehicle that carries passengers, such as a bus, taxi, cab, school van, etcThe law mandates you to have at least a liability-only insurance policy.
Commercial vehicle insurance covers your trade and vehicle from all the losses and damages caused by/to your vehicle and the parties involved in the incident.
With an exception to accidental damage, comprehensive insurance covers almost every uncertainty, from fire, theft and natural disaster to personal accident and a range of other losses.
You can select one or more add-ons for your insurance policy apart from the base policy. You can add them as per your vehicle requirements.
You can get the No Claim Bonus discount on your insurance policy at the time of renewing your insurance plan.
In the event your commercial vehicle gets into an accident, call our toll-free number ______, and we’ll help you out!
HWA has partner garages across India. You can get your commercial vehicle repaired at any one of those garages. You can also get it repaired at another garage of your choice and get the repair expenses reimbursed via claim.
Having commercial business insurance ensures the vehicle and the owner/driver are financially protected in case of any unexpected event, such as a man-made disaster, natural calamity, fire, theft or accident.