Budget Direct Insurance has announced the launch of its Commercial Vehicle Insurance product in Singapore.
This new offering is designed to cater to the needs of businesses in Singapore, reinforcing the company’s commitment to providing valuable insurance solutions. Budget Direct utilizes its direct-to-consumer model to offer competitive premiums alongside exceptional customer service.
Budget Direct’s Commercial Vehicle Insurance provides both comprehensive and third-party coverage options for a variety of vehicles, including vans, lorries, and trucks. This insurance is particularly well-suited for small business owners, contractors, and fleet managers.
Since its introduction in Singapore in 2016, Budget Direct Insurance has offered a range of tailored insurance products, including car, motorcycle, and travel insurance. The company later expanded its offerings to include high-risk car insurance, further addressing the diverse needs of its customer base.
By removing traditional intermediaries, Budget Direct eliminates unnecessary costs, thus enabling customers to enjoy significant savings without sacrificing the quality of their coverage. This approach has cultivated substantial customer trust, as reflected in the insurer’s Exceptional rating of 4.7 out of 5, based on over 10,000 verified reviews on the independent review platform Feefo.
Simon Birch, CEO of Budget Direct Insurance, emphasized the significance of this new offering:
“We are thrilled to expand our range of products with the introduction of Commercial Vehicle Insurance. 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. This launch is a testament to our dedication to meeting the evolving needs of businesses in Singapore.”
The Commercial Vehicle Insurance product offers both comprehensive and third-party plans for a range of light goods vehicles such as vans, lorries, and trucks. It’s specifically designed for small business owners, contractors, and those managing commercial vehicle fleets, ensuring coverage that aligns with diverse operational needs.
Tradespeople, including plumbers and electricians, who rely on their vehicles for daily work, will also find this new policy well-suited to their needs. The policy protects against various risks, including accidents, theft, and third-party liabilities, thereby allowing businesses to maintain continuity and protect their valuable assets.
Customers can further customize their coverage to meet their specific operational needs, ensuring they pay only for the coverage they require. This flexibility is achieved through features such as optional add-ons. These include 24-Hour Roadside Assistance, which provides support in case of breakdowns, and the No Claim Discount (NCD) Protector, that allows policyholders to maintain their 20% NCD. Customers can also opt for the Any Workshop benefit, which provides them the convenience of having their vehicle repaired at their preferred workshop.
The introduction of Commercial Vehicle Insurance aligns with Budget Direct Insurance’s broader mission to simplify the insurance process through technology and a customer-focused approach. The company is part of an international insurance group that offers solutions to millions of policyholders across the globe. The group has operations across four continents and includes one of the largest direct personal lines insurers in South Africa, as well as a leading personal lines insurance intermediary in the United Kingdom. The group’s brands include Compare the Market in the UK, Budget Direct in Australia, and Telesure in South Africa.
Budget Direct Insurance’s policies are underwritten by Auto & General Insurance (Singapore) Pte. Limited and are regulated by the Monetary Authority of Singapore (MAS). The company adheres to all MAS regulations, ensuring transparency, compliance, and reliability.
For more information about Budget Direct Insurance’s Commercial Vehicle Insurance, you can visit www.budgetdirect.com.sg/commercial-vehicle-insurance.
