Policy Summary
This comprehensive commercial vehicle insurance safeguards the insured person or entity against financial loss arising from accidental loss or damage to commercial motor vehicles including accessories whilst thereon, whilst being used for carriage of petroleum products. Also provides protection against legal liability for injury caused to third party persons or for loss or damage to third party property.
Client profile
This policy is suitable for:
- Individual transporters providing their vehicles to third parties for hire and reward to transport petroleum products
- Logistics companies involved in transportation services
- Long haul vehicles involved in transportation of petroleum cargo
Main Features
It provides cover against:
- Loss or damage to the insured motor vehicle arising from accidental collision, overturning, fire, external explosion, self-ignition, lightning, burglary or theft and malicious damage.
- Death and/or bodily injury to any third party persons such as pedestrians and passengers in other vehicles. Third party persons exclude any member of the insured’s immediate family or insured’s employees.
- Damage to Third Party property arising out of the use of insured motor vehicle
