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Commercial Bike Insurance: Coverage, Benefits & How it Works
What is Commercial Bike Insurance?
carry passengers from one place to another. This policy does not cover any personal two-wheeler.
The insurance policy covers both you and your commercial bike in unfortunate events like accidents, thefts, fires, natural disasters, or any liabilities arising due to damage to any third party.
You can choose from Liability Only policy and Standard Package, along with customised add-ons to get the desired level of protection for you and your vehicle, but in case of Liability only polices any damage to the insured and vehicle and property will not be covered. All these features are available at Digit Insurance at an affordable premium.
Note: Commercial Bike Insurance in Commercial Vehicles has been filed as -
- Digit Commercial Vehicle Liability Only Policy: IRDAN158RP0001V01201718
- Digit Commercial Vehicle Package Policy - Goods Carrying Vehicle: IRDAN158RP0001V01201819
- Digit Commercial Vehicle Package Policy - Passenger Carrying Vehicle: IRDAN158RP0002V01201819
- Digit Commercial Vehicle Package Policy - Miscellaneous & Special Types of Vehicle: IRDAN158RP0003V01201819
Why Do You Need Commercial Bike Insurance?
If you own a two-wheeler that is used for public transportation, then you must get a commercial bike insurance due to the following reasons:
- It is mandated by law in India to have at least a Liability Only insurance policy for your commercial vehicles. However, if you want enhanced coverage, you can opt for a Standard Package and other add-ons as well.
- Having insurance will protect your business in situations of financial losses arising due to accident, collision or natural calamity.
- A commercial bike insurance will also ensure the safety of the passengers and in some cases the owner/driver, depending upon the policy terms.
- Having a commercial bike insurance policy also protects you from any third-party liability in case of damage or loss due to your vehicle.
Why choose a Commercial Bike Insurance by Digit?
What's covered in a Commercial Bike Insurance?
What’s not covered?
It is equally important to know what’s not covered in your Commercial Bike insurance policy so that there are no surprises when you make a claim. Here are some such situations:
If you’re only going to go for a Third-Party Commercial Insurance for your commercial vehicle, then own damages and losses won’t be covered.
If during a claim, the driver-owner is found to be driving the insured vehicle without a valid driver’s license or under the influence of alcohol then the claim can’t be approved.
Any damages or losses caused to the heavy-duty vehicle due to contributory negligence won’t be covered for. For example, if there are existing floods in the city, and one still takes the tractor out.
Any damages or losses that aren’t a direct result of an accident, natural calamity or fire can’t be covered for.
Key Features of Commercial Bike Insurance by Digit
| Key Features | Digit Benefit |
|---|---|
| Claim Process | Paperless Claims |
| Customer Support | 24x7 Support |
| Additional Coverage | PA Covers, Legal Liability Cover, Special Exclusions and Compulsory Deductibles, etc |
| Damages to Third-Party | Unlimited Liability for Personal Damages, Up to 7.5 Lakhs for Property/Vehicle Damages |
Types of Commercial Bike Insurance Plans
Based on the type of your vehicle and number of vehicles you want to insure, we offer two primary plans you can choose from.
| Liability Only | Standard Package |
Damages caused by your heavy vehicle to any third-party person or property. |
|
Damages caused to any third-party person or property by the vehicle being towed by your insured heavy vehicle. |
|
Loss or damages to own heavy vehicle due to natural calamities, fire, theft or accidents. |
|
Injury/death of heavy vehicle owner-driverIf the owner-driver doesn’t already have a Personal Accident Cover from before |
|
| Get Quote | Get Quote |
How to claim?
Call us at 1800-258-5956 or drop us an email at hello@godigit.com
Keep your details such as policy number, location of the accident, date & time of the accident, and contact number of the insured/caller handy to make our process easier.
What our customers have to say about us
I had a wonderful experience while prossesing my vehicle insurance with Digit Insuarnce . It is so customer friendly equipped with apt technology. Claim got resorted within 24 hrs even without physically meeting any person. The customer centers handled my calls well. My special recognition to Mr Ramaraju Kondhana who was handled the case in a excellent way.
Really an fab insurance company which declared the highest idv value n staff is really courteus n i m totally complacent with the staff n specially credit goes to uves farkhun who timely infork me about various offers n benifits which push me to buy policy only from digit insurance n now i have decided to buy policy of another vehicle from digit insurance only bcs of many factors lyk cost-related and service-related.
It was a good experience of buying my 4th Vehicle insurance from Go-digit. Ms. Poonam devi explaining the policy well, as well as she knew what was the expectation from the customer and gave the quote according to my needs. And it was Hassle free to make the payment online. Special thanks to Poonam for getting this done Asap. Hope the Customer relationship team become better day by day!! Cheers.
FAQs about Commercial Bike Insurance
Do I need commercial bike insurance if I already have personal bike insurance?
A personal bike insurance policy only covers your vehicle if it is being used for personal use. So, if you want to protect your commercial two-wheeler, you need to get separate commercial bike insurance that is designed to cover the risks associated with using bikes for business.
What are the factors which affects the calculation premium for commercial bike insurance?
The premium for commercial bike insurance is calculated based on factors such as the value of the vehicle, its location, usage, and coverage.