Bus Fleet Insurance Singapore
How many buses do you need for fleet insurance?
The number of buses required to set up a fleet insurance policy varies from insurer to insurer.
In general, you need at least a minimum of 10 to 15 vehicles with same registration dates in order to start a fleet insurance policy.
The type of vehicles under the policy need not be restricted to buses only. They can be a mixture of different types of commercial vehicles.
How does fleet insurance work?
Fleet insurance is typically used by businesses that operate a fleet of vehicles, e.g. tour bus operators, shuttle bus service providers, school bus services and companies which provide employees with bus transport, etc.
The benefit of insuring buses and other commercial vehicles under fleet insurance is that it will be cheaper than to insure each vehicle separately.
Another benefit is that there will be less paperwork to handle as you only have to manage one policy for multiple vehicles under your company.
Apart from the above mentioned benefits, fleet insurance works almost like the single commercial vehicle insurance.
There is typically choice of either Comprehensive coverage, Third Party, Fire and Theft coverage or Third Party only coverage.
The No Claim Discount (NCD) also applies.
Fleet insurance any driver
In general, motor insurance applications for buses do not require named driver(s).
It will not be any different for bus fleet insurance applications for most cases.
Bus drivers authorized by the policyholder will be covered as long as they observe and fulfil the terms of the fleet motor insurance policy.
At elloAuto, we connect you to licensed representatives who can advise you on bus fleet insurance quotes from multiple insurers in Singapore.
With this service, you don't have to search for available bus fleet insurance quotes on your own and the process of getting your fleet insured will also be simplified for you as much as possible.
Commercial Vehicle Insurance Companies
With the help of licensed representatives, get fleet insurance quotes from reputable commercial motor insurers in Singapore:
AIG Asia Pacific Insurance Pte Ltd
Allied World Assurance Company Ltd
AXA Insurance Singapore Pte Ltd
ERGO Insurance Pte Ltd
India International Insurance Pte Ltd
Liberty Insurance Pte Ltd
MSIG Insurance (Singapore) Pte Ltd
NTUC Income Insurance Co-operative Ltd
SOMPO Insurance Singapore Pte Ltd
Tokio Marine Insurance Singapore Ltd