Commercial Vehicle Insurance
Keep your business running, by ensuring that your vehicles are protected by our Commercial Vehicle Insurance.
We cover these vehicles
Lorry
Station wagon
Pickup truck
Van
Refrigerated commercial vehicle
What you can enjoy
Flexible coverage options
Choose from 3 plans to suit your business needs, from Third Party Only to Comprehensive cover.
Fast claims processing
Efficient claims handling supported by our award-winning claims team.
Repairs at any workshop
Repair your vehicle at any workshop of your choice, with no workshop restrictions or additional cost.
Buy online anytime
Purchase your commercial vehicle insurance online in a few simple steps.
Choose your preferred coverage
| Comprehensive | Third Party, Fire and Theft | Third Party Only | ||
|---|---|---|---|---|
| Loss or damage to vehicle | a) accidental loss or damage by fire (up to market value) |  | | |
b) loss or damage by theft (up to market value) | | | ||
c) accidental loss or damage by other insured causes (up to market value) | | |||
d) accidental loss or damage to accessories and spare parts (*by fire and/or theft only) (up to market value) | | | ||
| Towing Services | Towing to repairers or place of safety following accident (up to $200) | | | |
| Third Party’s Liability | a) Death or bodily injury to other people (unlimited) | | | |
b) Loss or damage to property of other people (up to $500,000) | | | | |
| c) Legal costs and expenses | | | | |
| Windscreen Cover | Cover for windscreen repair & replacement (excess of $100 applies for replacement) | |
Download Brochure
This policy is underwritten by Etiqa Insurance Pte. Ltd., a member of Maybank Group.
This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact us or visit the GIA or SDIC web-sites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg).
This content is for reference only and is not a contract of insurance. Full details of the policy terms and conditions can be found in the policy contract.
The information contained on this product advertisement is intended to be valid in Singapore only and shall not be construed as an offer to sell or solicitation to buy or provision of any insurance product outside Singapore.
Information is accurate as at 7 August 2026.
Frequently Asked Questions
Have more questions? Read our FAQs.
Commercial Vehicle
Commercial Vehicle Insurance is offered for vehicles used for commercial purposes and registered either under an individual’s name or a company.
Coverage is available for vehicle types such as lorries, station wagons, pick-ups, vans and refrigerated vehicles. Vehicles used for hire, such as Grab ride-hailing services, are not covered under this policy.
To be eligible to purchase Commercial Vehicle Insurance,
- For company-owned vehicles: The vehicle is registered under a company that you own, with a valid Company or Business Registration Number.
- For individually-owned vehicles: You are the main driver and the vehicle is registered under your name. The policyholder and any named drivers are Singapore residents with a valid NRIC/FIN.
- The vehicle is registered in Singapore.
- Any vehicle modifications must comply with LTA regulations.
- You and any named drivers have not had a driving licence suspended or cancelled within the past 3 years.
- You and any named drivers have not made more than 2 motor insurance claims, or accumulated more than $30,000 in total claims, with any insurer within the past 3 years.
- You have not been refused motor insurance coverage, declined renewal, or had a motor insurance policy cancelled or terminated by an insurer.
To check your demerit points, you may login to your Singpass account via the Singpass mobile app. Navigate to My Profile > Vehicle & Driving Licence, where your demerit points will be displayed under Qualified Driving Licence.
Alternatively, you may check your demerit points via the Singapore Police Force E-Services portal:
- Visit the Singapore Police Force E-Services portal at https://www.police.gov.sg/e-services
- Select Individual > Check Driver Improvement Points
- Log in using your Singpass.
- Your current demerit points will be displayed upon successful verification.
Plans and Coverage
The three plan types provide different coverage levels:
- Comprehensive covers your legal liability to third party’s bodily injury and property damage, as well as loss or damage to your own vehicle due to accidental causes, fire, or theft.
- Third Party Fire and Theft covers your legal liability to third party’s bodily injury and property damage, as well as loss or damage to your own vehicle due to fire or theft only. It does not cover loss or damage to your own vehicle due to accidental causes.
- Third Party covers your legal liability to third party’s bodily injury and property damage only. It does not cover loss or damage to your own vehicle. This is the minimum mandatory coverage for all vehicles in Singapore.
Excess is the amount you need to pay towards a claim before your insurance coverage applies. The excess amount is stated in your Policy Schedule and applies to each claimable incident.
For example, if replacing your windscreen costs $1,000 and your windscreen excess is $100, you will pay the first $100, and your insurance will cover the remaining $900 (subject to policy terms and conditions).
Yes, there will be an additional excess of $4,000 imposed on top of the policy excess for drivers
- aged under 27, or above 75,
- and/or who has held a full driving licence for less than 2 years.
The excess is only applicable to Loss or Damage claims to your own vehicle.
Yes, you are covered in West Malaysia and in Thailand(within 80 kilometres of the border between Thailand and West Malaysia).
An additional excess of $2,000 will be imposed on top of the policy excess if the vehicle is stolen whilst driven outside of Singapore.
Yes, you may get your vehicle repaired at your preferred workshop at no additional charge or premium cover.
If you need to report an accident, make a claim for vehicle damage, windscreen damage, vehicle theft, or any other motor insurance claim, please refer to our step-by-step Motor Claims Guide here.
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