Your car is an important part of your professional life. Make sure it’s fully protected on the road no matter what happens!
Outrisk Insurance offers comprehensive and flexible Business Auto Insurance policies for you to choose from – depending on what protection you need to secure your business vehicle.
What is Business Auto Insurance?
What is Business Auto Insurance?
Business vehicle insurance policies are intended to protect vehicles used for commercial purposes, such as transporting goods or visiting clients at different sites.
Specifically, there are three basic parts of a comprehensive commercial auto insurance policy. First, there is coverage for physical damage, which includes vehicle collisions.
Second, there is third-party liability, which is a legal requirement in Cyprus. It covers medical payments, towing and labor, rental reimbursement and auto loan or lease gap coverage.
Read MoreBusiness vehicle insurance policies are intended to protect vehicles used for commercial purposes, such as transporting goods or visiting clients at different sites.
Specifically, there are three basic parts of a comprehensive commercial auto insurance policy. First, there is coverage for physical damage, which includes vehicle collisions.
Second, there is third-party liability, which is a legal requirement in Cyprus. It covers medical payments, towing and labor, rental reimbursement and auto loan or lease gap coverage.
The minimum legal requirement for car insurance in the Republic of Cyprus is a third-party liability. This means that all car owners in the country must have car insurance against bodily injury, death and material damage caused by their vehicle to a third party. However, the mandatory third-party liability can be enlarged to include insurance against theft, fire, natural disasters, collision, special assistance and more.
The minimum limits of third-party liability set by the Cyprus law are:
- €33.540.000 per case for bodily injury or death
- €1.120.000 per case for property damage
- €35 per case for medical emergency expenses
Why insure your Business Vehicle with Outrisk Insurance?
Why insure your Business Vehicle
with Outrisk Insurance?
Outrisk Insurance helps business car drivers take the safest route by collaborating with the top insurance providers in Cyprus. Our brokers offer competitive and comprehensive business auto insurance packages to suit any driver or owner, and any vehicle.
To make sure your specific needs are met, we calculate car insurance premiums individually or a la carte. This ensures your policy is tailored to your business’ budget and requirements.
We strive to handle all claims within 24 hours, offer fast payments, and support you through any legal obligations!
Outrisk Insurance helps business car drivers take the safest route by collaborating with the top insurance providers in Cyprus. Our brokers offer competitive and comprehensive business auto insurance packages to suit any driver or owner, and any vehicle.
To make sure your specific needs are met, we calculate car insurance premiums individually or a la carte. This ensures your policy is tailored to your business’ budget and requirements.
We strive to handle all claims within 24 hours, offer fast payments, and support you through any legal obligations!
Special Prices
We offer the most competitive business car insurance premiums in Cyprus for both Cypriots and Expats.
Tailored Packages
Outrisk provides bespoke business auto insurance packages to fit your unique needs and budget.
24/7 Assistance
Our team is readily available 24 hours, 7 days per week to help with unexpected events, accidents, and other emergencies.
Reliable Insurance Broker
Serving Cyprus since 1989, we have an undeniable track record with successful business car insurance deals and 100% satisfied customers.
Flexible multi drivers coverage
We help you protect your work vehicle when it breaks down or is involved in an unfortunate event - no matter who is driving it.
Expert Assistance
Our reliable and expert insurance agents are here to help you choose the best insurance policy and allow you to enjoy the open road without stress.
Who is this for?
Suitable for commercial auto vehicle owners.
Call Us +357 97770067
Email us info@outrisk.com
Why do I need Business Auto Insurance?
Why do I need Business Auto Insurance?
First off, Cyprus requires all car owners and drivers to have car insurance. Investing a small amount every month to protect yourself and your passengers from bigger expenses if an accident happens is a wise and responsible decision.
Moreover, since personal auto insurance packages are written and rated primarily for private car owners, they do not usually include coverage for business usage and specific vehicle types. As a business owner or manager, you will need specific coverage for your commercial vehicle that personal auto insurance policies do not provide.
Read MoreFirst off, Cyprus requires all car owners and drivers to have car insurance. Investing a small amount every month to protect yourself and your passengers from bigger expenses if an accident happens is a wise and responsible decision.
Moreover, since personal auto insurance packages are written and rated primarily for private car owners, they do not usually include coverage for business usage and specific vehicle types. As a business owner or manager, you will need specific coverage for your commercial vehicle that personal auto insurance policies do not provide.
In sum, a comprehensive and tailored business car insurance policy will help you pay for the costs that come from property damage and/or liability claims by other drivers.
Without an adequate commercial auto insurance policy in place, you may need to pay out of your own pocket for damages, medical expenses, and any legal fees that may come from a car accident.
Therefore, the key benefits of having comprehensive car insurance include:
- Helps pay covered losses
- Helps pay legal fees
- Supports with medical bills
- Helps pay expenses for damage to other vehicles and properties
- Protects your passengers
- Allows you to lease a car
- Maintains an extensive network of repair services
What do the Business Auto Insurance packages cover?
What do the Business Auto Insurance
packages cover?
- Bodily injury to third-parties
- Death to third-parties
- Medical expenses for authorized drivers
- Legal protection
- Damage to properties
- Off-road use
- Driving other vehicles
- Personal accident for driver
- Passengers’ liability
- Windscreen & window cover
- Roadside assistance & Accident Care
- Malicious damage to vehicle
- Unforeseen loss of car
- Loss or damage to personal belongings of the insured
- Cover against natural perils
- Fire
- Fire
- Earthquake
- Lightning
- Storm
- Flood
- Explosion
- Water, Gas, Oil, LPG (Liquefied petroleum gas) or Fuel leakage
- Damage from fallen trees
- Theft
- Damage from attempted theft
- Civil unrest
- Strikes or riots
- Damage caused by vehicles
If your vehicle has been immobilised due to mechanical, electrical, or tire damage, call us at 22 352223 and our Roadside Assistance team:
- Repair on the spot problems involving oil change, battery repair, flat tires, and all possible quick fixes
- Redirect vehicle on public road if found out of route
- Transport of vehicle to a workshop/garage of your choice
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Frequently asked questions
Yes, mostly because business car insurance policies have a wider scope of coverage and protect you from the additional risks of driving a car for business purposes. That said, the protection and peace of mind that insurance brings is worth the extra expense.
Broadly speaking, business auto insurance provides coverage for your regular day-to-day driving and other work-related driving, such as trips to work sites or client locations.
Generally, commercial auto insurance costs more than personal car insurance policies. Business car insurance has higher limits and broader coverage, which means added protection in case you are involved in a crash or accident. Where a personal auto policy covers the car owner driving their car, a commercial vehicle package protects the entire business.
