Budget Direct Insurance, a leading direct-to-consumer digital insurer, has launched a new Commercial Vehicle Insurance product aimed at meeting the needs of businesses in Singapore. This move marks a significant expansion of the company’s portfolio and reinforces its commitment to providing value-driven insurance solutions with competitive premiums and exceptional customer service.
Since its entry into the Singapore market in 2016, Budget Direct Insurance has offered a wide array of tailored products, including car, motorcycle, and travel insurance. The company further expanded its offerings to include higher-risk car insurance, catering to a broader range of customer needs.
By eliminating traditional intermediaries, Budget Direct Insurance is able to pass on significant savings to its customers, ensuring they receive top-quality coverage at lower costs. This strategy has earned the company widespread trust, reflected in its impressive customer rating of 4.7 out of 5, based on more than 10,000 verified reviews on the independent platform Feefo.
Simon Birch, CEO of Budget Direct Insurance, emphasized the importance of this new product:
“We are excited to expand our product range with the introduction of Commercial Vehicle Insurance. Businesses depend on their vehicles as essential assets, and our goal is to provide affordable, reliable protection while upholding the high standards our customers expect. This launch underscores our commitment to meeting the evolving needs of businesses in Singapore.”
The new Commercial Vehicle Insurance provides both comprehensive and third-party coverage options for a wide range of light goods vehicles, including vans, lorries, and trucks. The product is designed with small business owners, contractors, and fleet managers in mind, offering coverage tailored to various operational needs. It is also suitable for tradespeople, such as plumbers and electricians, who depend on their vehicles for daily work.
The policy covers a variety of risks, including accidents, theft, and third-party liabilities, ensuring businesses can maintain continuity and protect their valuable assets. Additionally, customers have the flexibility to customise their coverage to suit their specific operational requirements. Optional add-ons such as 24-Hour Roadside Assistance, No Claim Discount (NCD) Protector, and the Any Workshop benefit allow policyholders to further tailor their plans. These features ensure businesses are protected while enjoying the convenience of having their vehicles repaired at their chosen workshop and maintaining their NCD.
With this tailored approach, Budget Direct Insurance offers businesses in Singapore comprehensive coverage designed to meet their unique needs and provide peace of mind.
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