Fleet insurance offers key coverages such as liability, damage, theft, fire, and assistance.
Fleet insurance is designed to provide comprehensive coverage for businesses with multiple vehicles. It combines various guarantees to protect not only the vehicles, but also the business activity. Here are the key guarantees to consider in detail.
1. Compulsory Civil Liability
Civil liability is the basic and mandatory guarantee of any car insurance. It covers bodily injury and material damage caused to third parties during an accident involving one of the vehicles in the fleet.
Why is this important?
- It is a legal requirement for all vehicles operating on public roads.
- It protects the company against potential lawsuits in the event of damage to third parties.
2. All Accident Damage Guarantee
This coverage is crucial for companies looking to protect their vehicles, even when the driver is at fault for the accident. It covers repairs or replacement of damaged vehicles, regardless of who caused the accident.
Points to consider:
- Covering repair costs is essential to avoid a significant financial burden.
- Useful for high value vehicles or those used intensively in the daily activity of the company.
3. Theft and Fire Guarantee
Theft and fire protection is essential for vehicles parked outdoors or in high-risk areas. It provides reimbursement or compensation in the event of total or partial theft, as well as damage due to fire.
Additional benefits:
- Vehicles can be equipped with anti-theft devices to reduce the insurance premium.
- The warranty often includes coverage for damage caused by attempted theft, such as broken windows or damaged locks.
4. Glass Breakage
Glass breakage insurance is often included in fleet insurance contracts and covers the cost of replacing or repairing glass , such as the windshield, side windows, rear window, and sometimes even the mirrors.
Why choose this guarantee?
- Damaged glass can compromise driver safety and visibility.
- This coverage guarantees rapid intervention to keep vehicles operational.
5. Assistance and Troubleshooting
Breakdown assistance is a valuable guarantee, especially for companies whose vehicles are used regularly. It allows for rapid support in the event of a breakdown, puncture or accident.
Services included:
- Towing the vehicle to the nearest garage.
- Provision of a replacement vehicle to ensure business continuity.
- 24/7 support to ensure responsiveness.
6. Legal Protection
Legal protection allows the company to benefit from assistance in the event of a dispute relating to one of the vehicles in the fleet, whether for an accident or a commercial dispute.
The advantages of this guarantee:
- Coverage of attorney fees and court costs.
- Advice and support in the event of legal proceedings or claims from third parties.
7. Operating Loss Guarantee
In the event of a major loss resulting in the immobilization of several vehicles, the business interruption guarantee compensates the company for the loss of income. This helps cover fixed costs and maintain financial stability.
Why choose this option?
- Reduces the financial impact in the event of a major disaster.
- Ensures the continuity of company operations despite the unavailability of certain vehicles.
8. Specific Equipment Warranty
Some fleets, particularly those used in specialized sectors (freight transport, delivery services), require coverage of specific equipment, such as geolocation systems, refrigeration devices or other integrated accessories.
The strong points:
- Insurance for equipment installed on or in vehicles.
- Reimbursement or repair of damaged or stolen equipment.
Conclusion
A well-chosen fleet insurance policy combines several guarantees to effectively protect vehicles and the company's activity. From mandatory civil liability to specialized guarantees such as legal protection and business interruption coverage, these options allow companies to operate with peace of mind and minimize financial risks.
Contact KT Assur&Bank today for a personalized quote and discover how to optimize your vehicle fleet coverage with our comprehensive solutions.