Commercial Motor Vehicle Insurance In Malaysia
Commercial motor vehicle insurance is also known as commercial motor insurance, commercial vehicle insurance or fleet insurance in Malaysia. It is a mandatory insurance for commercial use vehicles in Malaysia such as vans, trucks, trailers, buses and other public road vehicles.
Commercial vehicle types and details at:
Red Cover insurance agents will get you a quotation within two hours on a working day. Click the button now, to get us to contact you on your requirements.
Red Cover Insurance Agents Calculate Premiums and Coverage
These policies coverage and premium calculations will differ between insurance companies. Their terms and conditions will be different too.
Red Cover insurance agents get you proposals, from insurance companies in Malaysia, for coverage on your specific business liabilities and risks. Contact us with your coverage needs and questions.
Commercial Motor Vehicle Coverage
The commercial motor vehicle insurance covers the following:
- Losses and damages to the vehicles
- Losses and damages to properties
- Third party injuries
- Third party deaths
Commercial Vehicle Risks and Perils Covered
This commercial vehicle coverage, depending on the type of insurance taken, is offered for the following events:
- Theft of Car
- Acts of Nature or Weather Hazards
Commercial Vehicle Motor Fleet Insurance Coverage Types
There are several types of insurance coverage:
- Third party insurance for commercial vehicles
- Comprehensive insurance for commercial vehicles
- Customized motor vehicle fleet insurance coverage
- Company cars for personal benefits use
- Employee cars used for company business purposes
- Fleet insurance plans for total cost and risk controls
Insurance Companies and Agents for Commercial Motor Vehicle Insurance
Our experienced business insurance agents can guide you on which insurance type to use based on your requirements. They work with several insurance companies such as AIA Insurance, RHB Insurance, Allianz Insurance, Great Eastern Insurance, Generali Insurance, Liberty Insurance, Tokio Marine, MSIG, or Takaful Ikhlas, and many more to get you the best plans and prices for your requirements.
This will differ between insurance companies and their policies’ fine print. Get a reliable general insurance agent to guide you in comparing and evaluating the insurance proposals from different insurers.
Fleet Insurance Plans in Malaysia
The best commercial insurance is based on how fast you can get your claims processed and paid to you. Cheapest insurance usually means that the claims would take a longer time to process and pay out, which means your vehicle is stuck and unable to make money for you. Very strong insurance companies pay out faster as they have the financial strength and manpower to support your fleet claims and make payments. Ask our Red Cover insurance agents for best advice for your needs.
A commercial vehicle is a classified by the laws of Malaysia and managed by the Ministry of Transport. Usually this covers lorries, trailers, vans, taxis and buses. It includes transport commercial class A permit and C permit. Special vehicles such as forklift (with road tax), mobile crane, skylift, backhoe loader, hearse and ambulances. Commercial hire and drive vehicles, taxis. Buses like tourist buses (bas persiaran) and express buses. Forklift without road tax is covered under mobile all risks insurance.
No. Company cars provided as employee benefits, are classified as company private cars. Private car insurance is issued for this. If you have a fleet of company cars for employee benefits, then you get the Customized Fleet Insurance for your company for best premium prices and cost control.
A fleet insurance is to cover 3 or more motor vehicles for a company in Malaysia. Different insurance companies will have differing minimum and maximum requirements, including the mix and types of vehicles, This can include company cars and commercial vehicles under a master fleet insurance plan.
You get a special treatment as follows:
1. Control vehicle risks and repairs spending with a dedicated risk prevention team
2. Get vehicle tracking and usage data collection and reporting
3. Claims reporting at any time of the year
4. Local and international coverage with dedicated insurance claims and account teams
5. And many more benefits, depending on the insurance company
Contact our experienced insurance agents for advise and best pricing for the benefits you need.
Contact Insurance Agent for Best Insurance Proposals in Malaysia
Levine Lee has over 18 years of working experience with AIA and ING Insurance as an AIA life insurance agent and life planner. Jeffrey Teoh has over 10 years of distinguished working experience with the best group insurance company in Malaysia, including Allianz. And Colin Chow is a trusted Great Eastern insurance agent with over 13 years of experience in the industry.
Contact AIA INSURANCE AGENT LEVINE LEE, at +6012 684 0948. She is the focal point for initial customer contact. Jeffrey Teoh, Colin Chow, or other Red Cover insurance team members will step in to contact you depending on your insurance requirements.
Levine and her team can work with you to create the best insurance proposal and quotations to meet your needs and budget plans within Malaysia. The team can get you quotations from various Insurance Companies in Malaysia for your personal, life, general, group, and business insurance needs.
Send in the form below for your requirements.
Motor Vehicle Insurance – Request for Quotation
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