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 coverages to protect not only the vehicles but also the business. Here's a breakdown of the key coverages to consider.
1. Compulsory Civil Liability
Third-party liability is the basic and mandatory coverage of all car insurance. It covers bodily injury and property damage caused to third parties in an accident involving one of the fleet's vehicles.
Why is this important?
- It is a legal requirement for all vehicles traveling 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 businesses 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 fire damage.
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 rearview 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 safeguard, especially for businesses whose vehicles are used regularly. It allows for rapid response in the event of a breakdown, flat tire, 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 related 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 third-party lawsuits or claims.
7. Loss of Operation Guarantee
In the event of a major disaster resulting in the immobilization of multiple vehicles, business interruption insurance compensates the company for lost revenue. 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 of equipment installed on or in vehicles.
- Reimbursement or repair of damaged or stolen equipment.
Conclusion
Well-chosen fleet insurance combines multiple coverages to effectively protect vehicles and business operations. From mandatory third-party liability to specialized coverages such as legal protection and business interruption coverage, these options allow businesses 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 fleet coverage with our comprehensive solutions.