Key Points
New insurance product specifically designed for light goods vehicle owners
Direct-to-consumer model enables significant cost savings
Customizable coverage with optional roadside assistance add-ons
This initiative underscores the company's dedication to providing value-driven insurance solutions while maintaining competitive premiums and exceptional customer service.
Comprehensive Coverage for Businesses
The newly introduced Commercial Vehicle Insurance offers both comprehensive and third-party coverage for a variety of light goods vehicles, including vans, lorries, and trucks. This product is specifically designed for small business owners, contractors, and fleet managers who rely on their vehicles as essential assets for daily operations.
Tailored Solutions for Diverse Needs
Since entering the Singapore market in 2016, Budget Direct Insurance has consistently expanded its range of tailored insurance products. The company initially offered car, motorcycle, and travel insurance before branching out to include higher-risk car insurance. The latest addition of Commercial Vehicle Insurance reflects Budget Direct's commitment to addressing the evolving needs of its customer base.
Savings Through Direct-to-Consumer Model
By bypassing traditional intermediaries, Budget Direct Insurance is able to eliminate unnecessary costs, allowing customers to enjoy significant savings without sacrificing coverage quality. This approach has led to high customer satisfaction, with a commendable rating of 4.7 out of 5 based on over 10,000 verified reviews on Feefo.
Insights from Leadership
Simon Birch, CEO of Budget Direct Insurance, expressed enthusiasm about the new product's launch:
"We are excited to expand our offerings with Commercial Vehicle Insurance. Businesses depend on their vehicles for operations, and we aim to provide affordable and reliable protection that meets their needs while upholding our high service standards."
Customizable Coverage Options
The new policy protects businesses against various risks such as accidents, theft, and third-party liabilities. Customers can customize their coverage to suit their specific operational requirements. Notable features include optional add-ons like 24-Hour Roadside Assistance for breakdown support and the No Claim Discount (NCD) Protector, which helps policyholders maintain their 20% NCD. Additionally, customers can benefit from the Any Workshop option, allowing repairs at their preferred workshop.
Commitment to Technology and Customer Service
The launch of Commercial Vehicle Insurance aligns with Budget Direct Insurance's mission to simplify the insurance process through technology and a customer-first approach. As part of an international insurance group with a presence across four continents, Budget Direct is committed to providing reliable solutions to millions of policyholders worldwide.
For more information about Budget Direct Insurance's Commercial Vehicle Insurance, visit www.budgetdirect.com.sg/commercial-vehicle-insurance.
