The vehicles covered under Commercial Motor Insurance are for hired or business purposes such as lorries, container trucks, tourist buses, taxis or public light buses.

This insurance is compulsory under the Motor Vehicles Insurance (Third Party Risks) Ordinance. According to the Ordinance, the vehicle owner must arrange Motor Third Party Insurance with a minimum compensation limit of HK$100 million. This Third Party Policy covers the vehicle owner and the driver’s legal liability against bodily injury to third party caused by negligence.

Vehicle owners may elect to purchase a Comprehensive Motor Policy covering not only legal liability against third party bodily injury and property damage but also accidental damage to the vehicle itself including theft loss.