Owning a car is not only an expensive purchase but as well as a steep asset to maintain. You have fuel, car repairs and car grooming to spend on regularly for as long as you have your car. But aside from that, we also know that it’s also important to secure an insurance once you start driving.
Driving doesn’t seem like a life-threatening activity because you’re essentially just going from one place to another. But even when you’re already at your destination and parking your car, an accident can still happen. In fact, car accidents ranked as the 9th leading cause of death in worldwide according to Association for Safe International Road Travel. It doesn’t matter if it’s a minor accident or not, as a car owner, that’s a liability and you’d want to have a safety net to catch that fall and an insurance plan is what you need for that.
Now we’re just talking about possible damages and costs that an insurance can help us cover as an individual, can you imagine how much more it would be if the vehicle involved is a commercial automobile? Think, trucks, bus, delivery vans, etc.
This is why if you run a business, one thing that you shouldn’t neglect is securing a commercial motor insurance. Moreover, there are specific lawful needs for automobile insurance coverage that you need to keep if you own and industrial car here in Singapore.
Not only because being on the road itself can already be dangerous on its own, but also because cars like these usually contain harmful products or valuable freight that needs to be transported from one place to another naturally the loss is greater in case of accident which requires greater protection for the aftermath. Several of the demands for obtaining protection of these bigger Lorries could consist of specialized motorist training demands as specified by the country’s regulation. Commonly vehicle drivers need to have a unique recommendation or certificate to own such automobiles. Routine evaluations are generally obligatory for such automobiles also in order to help keep safety and security when traveling. It is not unusual to see arbitrary examination factors configuration throughout the country to do check of various other cars and also industrial vehicles.
With all of that said, it shouldn’t come as a surprise that it’s absolutely necessary that you seek the best insurance coverage, to make sure that your assets and investments are protected whatever happens. But you must know that not every insurance agency offers commercial motor insurance policies. There are those that have an entirely separate department that takes care of this area for them since this type of policies can be quite intricate. So don’t hesitate to seek help from a representative that is more familiar with this and can suggest a notable company that can handle your industrial demands when it comes to insurance coverage.
