Keeping Your Business Vehicles Covered for Less with Budget Direct Commercial Vehicle Insurance.
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If you’re a small business owner, contractor, or someone who manages a fleet of commercial vehicles, our insurance policies offer tailored coverage for business vehicles that are vital to your daily operations. With customisable plans and flexible options, we make sure your commercial van, pickup truck or lorry is protected while you focus on what you do best.
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Lorry
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Our policies are designed to provide coverage for commercial vehicles at affordable premiums, ensuring you don’t compromise on quality while keeping costs low.
If your commercial vehicle breaks down or you need support, our 24/7 emergency hotline and Emergency Assistance Web App ensure you get the help you need—any time, anywhere.
By buying your Commercial Vehicle Insurance directly from us, you cut out the middleman, saving on commission fees and keeping more money in your pocket.
For extra peace of mind, you can enhance your commercial vehicle policy by adding one or more of these optional covers:
Get immediate help if your vehicle breaks down, any time, any day.
Protect your NCD of 20%. Remember, the NCD Protector isn’t transferable between insurers and doesn’t guarantee policy renewal.
Get S$5,000 coverage for injury or death of the insured driver who is between 25 and 65 years old.
Have your vehicle towed to any workshop of your choice, or use one of our authorised repair workshops.
Receive S$50 per day for a maximum of 10 days per accident, capped at 20 days per policy term.
Simply select your desired optional covers when getting a quote or purchasing your policy. If you’ve already bought a policy, contact us to make changes—note that once your policy has started, all optional covers above cannot be added.
Always refer to our Policy Documents for complete details.
To quickly get a quote for commercial vehicle insurance, have the following ready:
No Claim Discount (NCD) – to find out your entitled discount.
Driving History – including your experience and any claims.
Additional Drivers’ Information – including their claims history.
Always ensure accurate information, as any misdeclarations may void your insurance.
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Commercial Vehicle Insurance protects your vehicles used for business, such as vans, pick-ups, and lorries.
Budget Direct’s Commercial Vehicle Insurance doesn’t cover your vehicle used for carrying passengers or delivering goods unless it is in connection with your trade or business (which cannot be in relation to despatch or courier services; for example, Grab, lalamove, Foodpanda, Deliveroo and others); to transport passengers outside of the enclosed passenger cabin and without a seatbelt; any purpose in connection with the motor trade; providing driving tuition and test; or hiring out the vehicle. Using your vehicle as a Private Hire Vehicle for ride-hailing services (e.g., Grab or Go-Jek) is also not allowed, along with any other purposes not agreed upon by us in writing. For full details on exclusions, always refer to our policy documents.
Yes, our commercial vehicle policies cover tradespeople, including electricians, plumbers, and other professionals who rely on their vehicles for daily work.
No, Budget Direct’s Commercial Vehicle Insurance does not provide coverage for vehicles travelling to West Malaysia. The policy excludes options for cross-border coverage.
Some Commercial Vehicle Insurance plans may cover Private Hire Vehicles (PHVs) like Grab or GoJek, depending on the insurer and policy terms. However, it’s important to note that not all commercial vehicle policies automatically include coverage for ride-sharing or private hire services. These activities often involve different risks compared to typical business vehicle use, so insurers may offer specialised cover for PHVs or require an additional endorsement.
If you operate a PHV, ensure your policy specifically includes coverage for ride-sharing or private hire services to stay protected. Budget Direct Insurance does not cover Private Hire Vehicles under its Commercial Vehicle Insurance plans.
Commercial Vehicle Insurance is a specialised type of motor insurance designed to protect vehicles used for business purposes, such as vans, pickup trucks and lorries. In Singapore, it is mandatory for all commercial vehicles to have at least a minimum coverage of Third Party Only insurance. This basic coverage ensures that you are protected against legal liability for injury and property damage to third parties in the event of an accident.
However, opting for a comprehensive Commercial Vehicle Insurance plan is highly recommended. Such plans offer extensive protection against various risks, including damage to the insured vehicle, bodily injury, and property damage. A comprehensive plan can help businesses safeguard their assets and minimise financial losses due to unforeseen circumstances. It also provides essential legal liability coverage, allowing businesses to focus on their operations without worrying about the financial implications of accidents or other incidents.
