Budget Direct Insurance, a prominent digital insurer in Singapore, has unveiled its new Commercial Vehicle Insurance product designed to protect businesses that rely on light goods vehicles for their operations. The insurance offering is tailored to meet the specific needs of small business owners, contractors, and fleet managers, providing comprehensive coverage options against various risks.
The product reflects Budget Direct Insurance’s commitment to enhancing its offerings for businesses that depend on vehicles for day-to-day activities. It offers both comprehensive and third-party coverage options to protect against accidents, theft, and third-party liabilities. The policy is particularly beneficial for tradespeople such as electricians and plumbers who use their vehicles to carry out their work.
“We are thrilled to expand our range of products with the introduction of Commercial Vehicle Insurance,” said Budget Direct Insurance CEO Simon Birch. “Businesses rely on their vehicles as critical assets, and our goal is to provide them with affordable, reliable protection while maintaining the high standards our customers have come to expect.”
The Commercial Vehicle Insurance product is customizable, allowing businesses to choose the coverage they need. Optional add-ons include the No Claim Discount (NCD) Protector and the Any Workshop benefit, which provides flexibility and ensures businesses get value for their money. Additional features like 24-Hour Roadside Assistance enhance the overall protection offered by the policy.
As a digital-first insurer operating in Singapore since 2016, Budget Direct Insurance focuses on providing accessible and cost-effective insurance solutions. The company’s direct-to-consumer model eliminates intermediaries, resulting in lower premiums for customers without compromising on coverage standards.
The introduction of Commercial Vehicle Insurance is part of Budget Direct Insurance’s strategy to address the evolving needs of businesses in Singapore. By offering tailored insurance solutions, the company aims to support businesses in managing their risks effectively.
