Motor Insurance Commercial

In the bustling business landscape of Uganda, where the maintenance and security of commercial vehicles are non-negotiable for business success, understanding and acquiring commercial motor insurance isn’t just another box to tick—it’s a critical move in keeping your enterprise in motion, even in the face of the unexpected.

What Is Commercial Motor Insurance?

Commercial motor insurance, also known as commercial motor vehicle insurance or business motor vehicle insurance, is a type of insurance policy that provides coverage for vehicles used for business purposes.

This includes commercial car motor insurance for companies that rely on vehicles to carry out their operations.

A commercial motor insurance policy typically covers damage to the vehicle, liability for injuries or property damage caused by the vehicle, and other related expenses.

It is important for businesses to have commercial motor insurance to protect their assets and finances in case of an accident.

Whether it’s motor commercial insurance for a single vehicle or motor commercial vehicle insurance for a fleet, having the right coverage can help businesses stay protected while on the road.

What Does Commercial Motor Insurance Cover?

Commercial Motor insurance covers a variety of things when it comes to protecting your business motor vehicles.

This type of insurance, also known as commercial motor insurance or business motor insurance, helps cover the costs of any damages or injuries that may occur while using your commercial vehicles for business purposes, as well as the theft of the vehicles.

This includes damages to your own vehicles and third party injuries or property damage.

With a commercial motor insurance policy, you can rest assured that your business motor vehicles are protected in case of an accident or theft.

GoldStar Insurance has a variety of Commercial Motor Insurance Policy plans:

Comprehensive Cover

Are you looking for comprehensive insurance coverage? Our commercial motor insurance policy provides complete protection for your vehicles against various insured events.

Theft, Accidental Damage Or Natural Disasters

Whether it's theft, accidental damage, or natural disasters like floods, earthquakes, fires, and storms, we've got you covered.

Damages To Third Parties

We understand accidents happen. That's why our policy not only covers damages to your vehicles, but also the costs if you cause damage to another person's vehicle or property.

Vehicle Recovery

If an unfortunate event occurs, we're here to help recover your vehicle and take it somewhere safe.

Legal Costs

With us, you need not worry about legal costs if you're involved in an accident.

Death Or Serious Injury

Our policy also provides motor injury protection for you, your partner, and named drivers, covering death or serious injury caused by a motor accident.

Medical Expenses

But our comprehensive coverage doesn't stop at the vehicle. We cover any medical expenses if you've been injured in an accident.

Personal Belongings

And we understand the importance of personal belongings; hence, we also provide cover for their loss or damage.

Locks, Transmitters And Immobilisers

We'll help with the replacement of locks, transmitters, and immobilisers if your keys are lost or stolen.

Broken Glass

We pay for the repair or replacement of broken glass.

Systems

GoldStar covers your entertainment or navigation system too.

Motor Third Party Fire and Theft

Protect your journey and have peace of mind on the road with our Motor Third Party Fire and Theft insurance policy plan.

Fire Or Theft

Should your vehicle suffer any damage as a result of fire or while being stolen, rest assured that our policy has got you covered. You won't have to bear the financial burden alone.

Third Party Injury Or Death

In the unfortunate event that you're held liable for any bodily injury or accidental death to third parties, our policy provides the necessary coverage. It takes the stress away from potential large payouts and ensures those affected receive the proper care they need.

Third Party Property

If you find yourself liable for damages to third party properties, this policy serves as a protection against paying out of pocket for any accidental damages.

Motor Third Party Insurance

Safeguard your business and take control of potential third party liabilities with our Motor Third Party Insurance plan, which provides robust coverage for your commercial vehicles.

Third Party Death And Bodily Injury

Concerned about unexpected accidents causing harm to others? Our Motor Third Party Insurance plan comes into effect, providing comprehensive coverage against third party liabilities such as accidental death and bodily injuries to others, if you’re at fault.

Motor Third Party Enhanced Insurance

Safeguard your peace of mind with our Motor Third Party Enhanced insurance policy. This plan is specifically designed to protect you against potential third-party liabilities that could arise from unforeseen road accidents.

Third Party Death And Injury

The liabilities could include unfortunate events such as accidental death or bodily injuries to third parties if you are deemed responsible. Don’t worry, we’ve got you covered.

Third Party Property Damage

Our insurance coverage also extends to third-party property damage. This means if an accident caused by you results in damage to someone else’s property, your insurance policy can help cover the costs, alleviating your financial burden.

GoldStar's Commercial Motor Insurance Optional Add-Ons

At GoldStar Insurance, we understand that one size doesn’t fit all. That’s why we have optional extras for you to choose, which allows you to tailor your policy, so it meets your particular needs.

Here are the optional add-ons per GoldStar’s commercial motor insurance plan:

Comprehensive Cover

At Goldstar Insurance, we understand that one size doesn't fit all.

That's why with our Comprehensive Motor Plan, you have the flexibility to choose optional add-ons, at an additional cost, to design a coverage that best suits your unique needs.

COMESA Cover

If you frequently travel across the border to COMESA regions, we offer COMESA cover.

Loss Of Use Cover

In case of an accident, our 'Loss of Use' cover safeguards you against any costs associated with the loss of use of your vehicle.

Courtesy Car

Furthermore, we provide the 'Courtesy car' option, giving you access to a replacement vehicle, with both standard and enhanced choices available, to keep you on the road while your vehicle is being repaired.

Emergency Accommodation

And if an accident leaves you stranded away from home, our 'Emergency Accommodation' cover looks after the cost of your stay at emergency accommodation.

Choose our comprehensive plan today and leave your worries behind. Our team of experienced insurance professionals will work with you to customise a plan that meets your specific needs and budget.

Motor Third Party Fire and Theft

COMESA Cover

For businesses with operations or interests in the COMESA regions, we offer an add-on, at an additional cost, that provides coverage when travelling across the border to these regions.

Motor Third Party Insurance

Our Motor Third Party plan offers optional add-ons at an additional cost, equipped to provide coverage tailored to your unique needs.

Third Party Property Damage

One such optional add-on includes Third Party Property Damage coverage. With this, you protect your business from any liabilities that could arise due to damages to a third party's property.

COMESA Cover

Venturing on cross-border business trips? Take advantage of the COMESA cover add-on. This feature offers peace of mind when travelling to COMESA regions, ensuring your interests remain protected, irrespective of your location.

Motor Third Party Enhanced Insurance

COMESA Cover

If your business involves frequent travels across the border to COMESA regions, you can consider adding COMESA cover to your plan, at an additional cost. This ensures your business continues to run smoothly, safe in the knowledge that unforeseen incidents across borders won't disrupt your operations.

Remember, on the road, it's always better to be safe than sorry. With our Motor Third Party Enhanced insurance, you gain an additional layer of protection, allowing you to drive with confidence knowing you're covered.

Choose GoldStar's Commercial Motor Insurance

Goldstar Insurance offers a variety of commercial motor insurance coverage options. Make sure to speak to our team of dedicated professionals to guide you through our options and find the policy best suited to your unique business needs.

In order to make an informed decision about choosing GoldStar’s Commercial Motor Insurance, take a look at the Key Considerations to note and the Exclusions that apply to this policy.

Other types of insurance cover

Group Personal Accident

Group Personal Accident policy that protects the insured’s throughout the day, even during the course of employment.

Motor Cycle Insurance

We offer a range of options on Comprehensive Private Motor Cycle insurance so you can customize it to your individual needs.

Home Insurance

Home Insurance (Domestic Package) from Goldstar is comprehensive cover to protect your residential premises against various risks.

FAQ’s

What is a Third Party?

Insurance has parties to it. The first party, is the owner of the vehicle. The second party, the Insurance Company and the third party is any other person who may be affected by the contract.

What happens to my car insurance when I sell my car?

The buyer can get the policy transferred in his name by applying to the insurance company in which case an endorsement is made to the policy.

You can cancel your policy and the buyer can buy a new policy. You will get a refund for the unexpired / unused period provided there is no claim on the policy.

What are the risks covered by Third Party policy?

Third party policy covers the following risks: Death or injury to a third party

What are the risks covered by the Comprehensive policy?

Comprehensive insurance policy covers your vehicle against following risks:

Natural calamities
Man-made calamities
Personal accident
Third party legal liability
Any permanent injury /death of a person
Any damage caused to property

What if my current policy is already expired?

You can still renew your policy after your vehicle inspection is complete. Insurance companies may apply additional loading on premium if policy had expired 45-days earlier.

Can I Renew my policy from Current Third Party to Comprehensive?

Yes, you can but your vehicle needs to be inspected before it can be renewed to comprehensive policy.

What is the procedure for Transfer of Insurance?

For Transfer of Insurance from one owner to another you need to submit the below mentioned documents.

Old policy document
Previous insurance policy
New application form

If I am buying a new car, how do I transfer my existing policy over to the new vehicle?

If you are buying a new car and want to transfer your existing policy over, you would need to contact us at our customer services department and amend your current policy. There may be a variation in price and a change in underwriting criteria for the new car.

Sale letter of your old car and Third Party insurance cover for old car will be required.

Goldstar claim process

No matter what your worry is, we’re here to help explain the process, assess your claim fairly and minimize the disruption to you with a transparent claims process.

Contact Us

Plot 38 Kampala Road, Crane Chambers, Kampala

+256 41 4250110

marketing@goldstarinsurance.com

What Is Commercial Motor Insurance?

What Does Commercial Motor Insurance Cover?

Theft, Accidental Damage Or Natural Disasters

Damages To Third Parties

Vehicle Recovery

Legal Costs

Death Or Serious Injury

Medical Expenses

Personal Belongings

Locks, Transmitters And Immobilisers

Broken Glass

Systems

Fire Or Theft

Third Party Injury Or Death

Third Party Property

Third Party Death And Bodily Injury

Third Party Death And Injury

Third Party Property Damage

GoldStar's Commercial Motor Insurance Optional Add-Ons

COMESA Cover

Loss Of Use Cover

Courtesy Car

Emergency Accommodation

COMESA Cover

Third Party Property Damage

COMESA Cover

COMESA Cover

Choose GoldStar's Commercial Motor Insurance

Other types of insurance cover

Group Personal Accident

Motor Cycle Insurance

Home Insurance

FAQ’s

About Us

Policy Service

Others

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