Commercial vehicle insurance is the motor policy to cover the damages and losses caused to a commercial vehicle and the driver.
The damage could be because of an accident or calamities or fires. It is mandatory to have commercial vehicle insurance.
It gives protection coverage to your vehicle and fulfils the legal compliances as indicated by the government.
Additional Information on Commercial Vehicle Insurance
If your business owns more than one vehicle used for commercial work, then it must have commercial vehicle insurance.
Regular cab services, school buses, carriers, auto-rickshaws are a part of commercial vehicles.
This insurance type assures the stakeholders and the passengers that they shall be protected in case of any incident.
It is mandatory to have at least a Liability Only policy that protects third parties against any damages caused by your commercial vehicle.