Motor insurance tips for small fleet owners

I own a small logistics business and recently bought a light commercial vehicle (CV) for city deliveries. Since this is my first commercial vehicle (CV), I’m unfamiliar with how motor insurance works in terms of pricing, coverage and claims.

- Sarbvir Singh

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How is insurance for such vehicles structured, and what factors affect premiums for daily city use? I’m also unsure about the add-ons available and their real-world usefulness. As a small business owner who depends on this vehicle for income, which covers and add-ons should I opt for to minimise losses from accidents or breakdown-related downtime?

—Name withheld on request

For small fleet, commercial vehicles are tied to daily cash flow. Brief disruptions from an accident or breakdown affect deliveries, customer commitments and earnings. That’s why CV covers must be evaluated not just on compliance or premium costs, but how effectively it minimises downtime.