Commercial Vehicle Insurance
For the vehicles that earn a living — taxis, trucks, pick-ups and school buses.
When a vehicle is the business, a day off the road is a day without income. Commercial vehicle insurance protects the owner against accident damage, third-party claims and the loss of the vehicle itself — and it keeps the driver and the passengers covered too.
Paydeer offers commercial motor policies from multiple insurers, so the premium for a taxi, a pick-up or a school bus can be compared and issued from the same retail outlet at a very competitive rate.
Commercial Vehicles Insured Through Paydeer
- Taxi / PCV – cabs, autos and other passenger carrying vehicles running on a commercial permit.
- Light Commercial Vehicle – goods vehicles up to 7500 kg gross vehicle weight, including pick-ups and mini trucks.
- Heavy Commercial Vehicle – trucks, trailers and tippers above 7500 kg.
- School Bus & Staff Bus – passenger carrying vehicles with cover for every occupant.
- Miscellaneous & Special Vehicles – tractors, agricultural vehicles and construction equipment.
What The Policy Covers
- Third-party injury, death and property damage — mandatory for every commercial vehicle.
- Own damage to the insured vehicle from accident, fire, riot or natural calamity.
- Theft of the vehicle, settled at the Insured Declared Value.
- Personal accident cover for the owner-driver, with optional cover for the paid driver, cleaner and conductor.
- Legal liability towards employees under the Workmen’s Compensation Act, where opted.
- Cover for the goods being carried, available as an add-on with certain insurers.
Why Fleet Owners Choose Paydeer
- Quotes from several commercial motor insurers compared in one place.
- Policies for an entire fleet can be renewed from the same outlet, on the same day.
- Very low cost of doing business for the retailer, and a strong margin on every commercial policy.
- Renewal tracking so a permit vehicle is never caught without valid insurance at a checkpost.
F.A.Q
Frequently Asked Questions
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Is commercial vehicle insurance different from private car insurance?
Yes. A vehicle used to carry goods or paying passengers must be insured under a commercial policy. A private car policy will not pay a claim if the vehicle was being used commercially at the time of the accident.
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Are the driver and the conductor covered?
The owner-driver gets a compulsory personal accident cover. Paid drivers, cleaners and conductors are covered by adding the legal liability extension to the policy, which is inexpensive and strongly recommended.
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What decides the premium for a commercial vehicle?
The gross vehicle weight, the seating capacity, the age and IDV of the vehicle, the geographical zone of registration, the type of permit and the claim history all affect the premium.
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Can a school bus be insured through Paydeer?
Yes. School buses and staff buses are insured as passenger carrying vehicles, with cover available for every seat in the vehicle.
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Are the goods being transported covered by the motor policy?
A standard commercial motor policy covers the vehicle, not the cargo. Cover for the goods is available separately as a marine or goods-in-transit policy, or as an add-on with some insurers.
