Comprehensive Commercial Vehicle Insurance

What is Comprehensive Commercial Vehicle Insurance in UAE?

Comprehensive commercial vehicle insurance in the UAE is a crucial business insurance that offers extensive protection for your company-owned vehicles. It provides a wide range of coverage, including both third-party liabilities and own damage protection, regardless of who is at fault in an accident.

This insurance safeguards your business against multiple risks, including accidents, theft, fire, natural disasters, and third-party claims. It also often includes personal accident cover for the driver and passengers.

One of the major advantages of comprehensive commercial motor insurance is its flexibility and customisation. You can tailor the policy with a range of add-on covers to meet your specific business needs. This ensures optimal protection without exceeding your budget.

Key Features of Comprehensive Commercial Motor Insurance

Unlike third-party commercial vehicle insurance, a comprehensive commercial car insurance policy offers complete protection for your vehicle in the UAE. Here are the key features of this policy:

Why Do You Need Comprehensive Commercial Vehicle Insurance?

If you’re wondering why a comprehensive commercial vehicle insurance policy is essential for your business in the UAE, here are the key reasons:

Legal Obligation

It’s mandatory to insure all commercial vehicles (and personal too) in the UAE. While a third-party liability insurance plan fulfils the minimum legal requirement, it only covers damages or injuries caused to third parties. It does not cover damages to your own vehicle. A comprehensive policy ensures you’re legally compliant while also safeguarding your vehicle from unforeseen losses.

Complete Protection

As the name implies, comprehensive commercial car insurance offers extensive coverage. It protects against both third-party liabilities and own vehicle damages, including accidents, theft, third-party claims, and natural disasters. This ensures your business vehicles are protected under all major risk scenarios.

Financial Security

Unexpected events such as accidents or damage can result in significant financial losses and disrupt your business operations. With a comprehensive policy, you get financial protection against repair or replacement costs, minimising the impact on your business continuity.

Third-party Liabilities Coverage

The policy covers injury, death, or property damage caused to third parties by your insured commercial vehicle. Such accidents can not only lead to significant financial losses but also harm your business reputation. With this coverage, you can avoid heavy out-of-pocket expenses, reduce legal liabilities, and protect your company’s credibility in the market.

Availability of Add-Ons

You can choose from a range of comprehensive commercial vehicle insurance plans that come with various add-ons designed to enhance your coverage. Some of the most popular add-ons include agency repair, roadside assistance, and loading and unloading coverage. These optional benefits offer greater convenience, wider protection, and added peace of mind for your business in the UAE.

Which Types of Vehicles are Covered Under Comprehensive Commercial Motor Insurance?

Businesses use various types of vehicles for their operations, including heavy vehicles, light vehicles, and delivery vans. Below are the different vehicle types typically covered under comprehensive commercial car insurance in the UAE:

• Small trucks
• Cranes
• Car
• Trailers
• Pickups
• Taxis
• Forklifts
• School buses
• Motorcycle
• Vans
• Bulldozers and more

Inclusions and Exclusions of Comprehensive Commercial Vehicle Insurance

It’s crucial for you to understand what is and isn't covered under comprehensive commercial vehicle insurance in the UAE. Tabled below are the key inclusions and exclusions:

✍️Note: The following inclusions and exclusions may be different in your chosen plan, as they differ among providers and the coverage type.

Is Comprehensive Commercial Vehicle Insurance Expensive?

Comprehensive commercial vehicle insurance in the UAE isn't necessarily expensive; it’s a valuable investment in protecting your business assets (your commercial vehicles). The cost of this policy depends on several factors, such as the type of vehicle, its usage, coverage limit, and add-ons.

While the premium may be higher than third-party insurance, comprehensive coverage offers far more significant benefits. It safeguards your business vehicles against a wide range of risks, including accidents, theft, vandalism, third-party claims, and natural disasters. Buying this insurance means you are ensuring long-term financial stability and business growth without any interruption in the UAE.

How to Buy Comprehensive Commercial Vehicle Insurance in the UAE? 

At Policybazaar.ae, you can find comprehensive coverage for your commercial vehicles. It’s an online platform that allows you to get the right coverage, following the simple steps mentioned here:

➡️ Go to the official website of Policybazaar.ae

➡️ Select 'Business Insurance’

➡️ Enter the required details in the lead form

➡️ Submit the application

➡️ You will get a call from our experts who will suggest the best comprehensive commercial vehicle insurance options to you

How to File a Claim Against Comprehensive Commercial Vehicle Insurance?

Filing a claim under your comprehensive commercial motor insurance follows a process similar to that of a standard car insurance claim. While the exact steps may differ slightly depending on your insurer, here’s a general overview of how to proceed:

Report to the Police

It’s the first step you should take after an accident. Immediately contact the police and file an official report detailing the accident or damage.

Inform Your Insurance Provider

Notify your insurer as soon as possible and request that they initiate the claim process.

Documents Submission

Provide your insurer with all necessary information and documents, such as:

• Policy number 
• Police report 
• Your contact details
• Photos or videos of the incident (if available)

Submit the Claim Form

Fill out the insurance claim form accurately and submit it along with the supporting documents.

Claim Settlement

Once the claim is reviewed and approved, your insurer will compensate for the loss and damage.

Frequently Asked Questions