Goods Carrying Vehicles Insurance – Complete Breakdown (2025 Guide)

Goods-carrying vehicles are the backbone of India’s transport industry. Whether it’s a small LCV or a multi-axle truck, the right insurance ensures uninterrupted business operations and financial protection.

What Is Goods Carrying Vehicle Insurance?

It is a specialised policy designed for vehicles transporting goods—raw materials, finished products, FMCG, furniture, or local delivery items.

It covers:

• Accidental damage

• Theft

• Fire

• Natural disasters

• Third-party liability

• Personal accident cover

Types of Goods Vehicle Insurance

1. Third-Party Liability Only

Basic mandatory cover.

2. Comprehensive Insurance

Covers own damage + third-party loss.

3. Add-on Based Insurance

You can customise with:

• Zero Dep

• Engine Protect

• Roadside Assistance

• Consumables

• Theft Protection

Premium Depends On

• Vehicle type

• Engine capacity

• Usage zone

• Goods type

• Claim history

• Driver profile

Why It Matters for Businesses

• Protects against large repair costs

• Ensures business continuity

• Reduces downtime

• Keeps your operation compliant