Third Party Insurance for Your Business Vehicle

There are two main types of third party insurance: Third Party Only (TPO) and Third Party Fire and Theft (TPFT). 

What’s the Difference Between Third Party Only and Third Party Fire and Theft? 

Third Party Only (TPO) insurance covers your liability for damage caused by your vehicle to other people’s property, with coverage up to S$500,000. However, it does not provide protection for damage to your own vehicle.

Third Party Fire and Theft (TPFT) insurance offers all the benefits of Third Party Only cover, but also protects your vehicle if it is stolen or damaged by fire.

Both types of Third Party Liability Insurance provide the same cover for bodily injury or death caused to others, damage to third party property, and legal costs arising from criminal charges. 

Enhance your Third Party insurance policy with our great range of Optional Covers for added protection. Customise your policy to match your specific needs, ensuring the right level of coverage at a price that fits your budget. 

Personal AccidentIf the insured driver is injured or fatally injured in an accident involving your vehicle, then we will pay out up to S$5,000. The insured driver must be between 25 and 65 years old at the time of the accident to qualify for coverage.

Medical ExpensesIf you or your passengers—who are seated within the enclosed passenger cabin and securely fastened by seat belts—require medical attention following an accident involving your vehicle, we will cover medical expenses up to S$500 per person, per accident.

No Claim Discount (NCD) ProtectorYou can make one claim per policy term without affecting your No Claim Discount. Applies to those who have an NCD of 20%.

Additional Windscreen Cover We will cover you for up to two claims on your windscreen or windows per policy period. 

With our Third Party Fire and Theft policy, you have access to a broader selection of Optional Covers for extra protection. 

In addition to the above Optional Covers, you can enhance your policy with the following add-ons: 

24 Hours Roadside Assistance
If you don’t want to be stranded by a breakdown, flat tyre, flat battery or anything else, our 24 Hours Roadside Assistance will be there for you.

Transport Allowance
If your vehicle is stolen or damaged due to fire, our transport allowance benefit will pay out S$50 per day for up to 10 days per accident (the relevant maximum limits per policy term apply). 

Any Workshop
Opt to have your vehicle repaired at a workshop of your choice if your vehicle is damaged by fire or if your vehicle is found damaged after being stolen.

Modifications and Accessories
We may choose to repair, replace or pay for parts of your vehicle which have been stolen or damaged due to fire, provided they are LTA compliant and have been declared to us and accepted by us.

Want more protection?

Here’s a breakdown of the Optional Covers you can choose depending on the policy you buy.

This is a summary, please see the Commercial Vehicle Insurance Product Disclosure Document for complete details on Third Party Insurance.

You can find out more details about Comprehensive Cover here.