Budget Direct Insurance Launches Innovative Commercial Vehicle Insurance for Small Businesses
Budget Direct Insurance has launched an innovative Commercial Vehicle Insurance product tailored specifically for businesses in Singapore. This new offering aims to provide comprehensive coverage for light goods vehicles, including vans, lorries, and trucks, ensuring that business owners can protect their assets effectively.
Understanding Budget Direct Insurance’s New Product
The introduction of this Commercial Vehicle Insurance product is a significant move by Budget Direct Insurance, a well-established digital insurer operating in Singapore since 2016. This initiative targets small business owners, contractors, and fleet managers, allowing them to secure reliable protection against various risks that could disrupt their operations.
Key Features of Commercial Vehicle Insurance
- Comprehensive and Third-Party Coverage: Options are available to safeguard vehicles against accidents, theft, and third-party liabilities.
- Customization: Businesses can tailor their policies to fit their specific needs, ensuring they only pay for necessary coverage.
- Flexible Add-Ons: Optional features include 24-Hour Roadside Assistance and No Claim Discount (NCD) Protector, which maintains discounts even after a claim.
- Choice of Workshops: Policyholders can choose any workshop for vehicle repairs, adding convenience and peace of mind.
Why Choose Budget Direct Insurance?
Budget Direct Insurance stands out in the industry with its digital-first approach, focusing on providing accessible and cost-effective insurance solutions. By eliminating intermediaries, the company can offer lower premiums without compromising on coverage quality. Their product range includes car, motorcycle, and travel insurance, making them a versatile choice for various insurance needs.
Target Audience for Commercial Vehicle Insurance
This insurance product is specifically designed for:
- Small business owners who rely on vehicles for daily operations.
- Contractors, such as electricians and plumbers, who need to transport tools and equipment.
- Fleet managers responsible for multiple vehicles and seeking to minimize risks.
CEO Statement on the Launch
Simon Birch, CEO of Budget Direct Insurance, expressed enthusiasm about the new product: “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.”
For more details about Commercial Vehicle Insurance and to explore other offerings, visit the official Budget Direct Insurance website.
