Truck Insurance

Smart Coverage That Keeps Your Business Moving

Commercial Truck Insurance Philippines

Protect Your Business on the Road

Running a trucking business in the Philippines comes with risks. From road accidents and cargo damage to natural disasters and theft, unexpected events can lead to huge financial losses. That’s why having the right truck insurance is essential—not just for compliance, but for protecting your investment, your drivers, and your livelihood.

With SWEN Insurance, you get more than just a policy. You gain a trusted partner that understands the challenges of the trucking industry. Our comprehensive truck insurance solutions are designed to keep your fleet secure, your operations running smoothly, and your business protected against the unexpected.

What is Truck Insurance?

Truck insurance is a specialized type of vehicle insurance designed for commercial trucks used in logistics, delivery, and transport services. Unlike regular car insurance, truck insurance provides wider coverage to address the risks associated with heavy-duty vehicles and business operations.

Types of Truck Insurance Coverage

Compulsory Third Party Liability (CTPL) – Required by law for all motor vehicles.
Comprehensive Truck Insurance – Covers damage due to accidents, theft, fire, or natural disasters.
Third-Party Liability (TPL) – Protection if your truck causes injury or damage to other people or property.
Personal Accident Coverage – For drivers and passengers.
Cargo Insurance – Optional coverage to secure the goods being transported.

How Much is Truck Insurance in the Philippines?

The cost of truck insurance depends on:

Type and size of the truck
Coverage selected (basic CTPL vs. comprehensive)
Year and condition of the vehicle
Additional add-ons like cargo or fleet coverage

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Why Do You Need Truck Insurance in the Philippines?

✅ Legal Compliance – All trucks must be insured to be registered and road-legal.
✅ Business Protection – Covers repair costs, third-party liabilities, and potential lawsuits.
✅ Cargo Security – Add-ons can protect the goods you’re transporting.
✅ Peace of Mind – Focus on running your business while knowing your fleet is protected.

Frequently Asked Questions (FAQ) About Truck Insurance in the Philippines

What is truck insurance?

Truck insurance is a specialized vehicle insurance designed for commercial trucks used for delivery, logistics, and transport. It provides coverage against accidents, theft, natural disasters, and third-party liabilities.

Is truck insurance required in the Philippines?

Yes. All trucks must have Compulsory Third-Party Liability (CTPL) insurance to be registered and legally operated. However, many trucking businesses also choose comprehensive insurance for wider protection.

How much does truck insurance cost in the Philippines?

The cost depends on the type of coverage, truck size, and usage.

What does comprehensive truck insurance cover?

It covers vehicle damages from accidents, theft, fire, and natural disasters. You can also add coverage for third-party liability, personal accident protection for drivers, and cargo insurance.