Budget Direct issues commercial vehicle insurance in Singapore.

Budget Direct Insurance has expanded its portfolio with the introduction of a commercial vehicle insurance product in Singapore, geared towards businesses and traders.

This new offering aims to meet the unique needs of small business owners, contractors and those who operate light goods vehicles such as vans, trucks and vans.

Since its establishment in Singapore in 2016, Budget Direct Insurance has been offering solutions including car, motorcycle and travel insurance.

The company later expanded its services to include high-risk auto insurance policies.

Simon Birch, chief executive of Budget Direct Insurance, said: “We are delighted to be expanding our range of products by introducing commercial vehicle insurance. Businesses rely on their vehicles as their most important asset, and our aim is to provide them with affordable and reliable protection. Our customers’ expectations are high.

The product is designed to provide cover for third party liabilities, accidents and theft so that businesses can operate without disruption.

Tradesmen, including plumbers and electricians who are hired for work on their vehicles, are covered under the policy.

Customers can customize their insurance cover according to their operational needs, adding features such as 24-hour roadside assistance for breakdown support and no-deductible (NCD) protection that allows policyholders to retain even after 20% NCD. claim.

The Any Workshop option is another feature that allows customers to choose their preferred repair shop.

Budget Direct Insurance is regulated by the Monetary Authority of Singapore and its policies are underwritten by Auto and General Insurance (Singapore).

“Budget Direct launches commercial vehicle insurance in Singapore” originally created and published by Life Insurance InternationalA trademark owned by GlobalData.

The information on this website is included in good faith for general information purposes only. It is not intended as a substitute for advice on which you should rely, and we make no representations, warranties or guarantees, either expressed or implied, as to its accuracy or completeness. You should seek professional or specialist advice before taking any action or saving on the content on our site.