Why is it important?-commercial-vehicle

In India, the rate of accidents on roads is high. The percentage of commercial vehicle involved in accidents also is high. If your commercial vehicle is involved in an accident and you do not have insurance, then you will have to pay heavily for vehicle damages and also to the families of the dead victims or to those who have been injured due to your vehicle. The law is strict and it could lead to your imprisonment for varying periods. Hence it is advisable to have Commercial vehicle Insurance to protect you from such incidents. It offers third-party liability coverage as well as ‘own damage’ and ‘personal accident’ covers. This means it covers you, your commercial vehicle and third-parties from all possible damages.