Motor, Transport & Marine
Commercial Motor
A vehicle used for your business carries different responsibilities from a private car.
What is it?
This is insurance concerning vehicles used in the course of a business activity, such as trucks, vans or company cars. The basis of cover is liability towards third parties, while wider forms may address the vehicle itself or the goods it carries. The exact content of each solution depends on how the vehicle is used and is confirmed case by case.
Who is it for?
It is relevant to businesses with one or more vehicles used for deliveries, distribution, client visits or transporting equipment, and to professionals whose vehicle is a core work tool.
Legal position
Is it compulsory in Cyprus?
Compulsory by law
In Cyprus, third-party liability motor insurance is compulsory by law for any motor vehicle used on a road, including commercial vehicles. Wider forms of cover, such as damage to the vehicle itself or its load, are not required by law but may be required contractually.
General information only. Requirements can change and depend on your activity — Vesta can help clarify what applies to your circumstances.
When might you need it?
You acquire a new vehicle for your business needs.
A private vehicle starts being used for business purposes as well.
The vehicle regularly carries equipment, tools or goods of value.
You employ several drivers who alternate use of the same vehicle.
The policy is approaching renewal and the vehicle's use has changed.
These are illustrative circumstances, not a description of policy terms, conditions or exclusions.
Why review this cover?
An incident involving a commercial vehicle can affect business operations, clients and third parties at the same time. A periodic review helps establish whether cover matches how the vehicle is actually used, who drives it and what it carries.
The Vesta approach
Understand first, then solutions.
Before discussing solutions, we want to understand how your vehicle or fleet operates: who drives it, what it carries and under what conditions. We then look at the obligations that apply and the points worth reviewing, so your decision rests on an understanding of your business's needs.
Next step
Let's look at your circumstances.
Tell us how things work in practice and we will explain what is worth reviewing before any solution is discussed.
Prefer to speak with us?
If you would rather talk it through, tell us a little about your business and we will come back to you.