Damage or loss to vehicles: Covering damage from accidents, fire, burglary, natural calamities, and other unforeseen events.
Management of insurance of the fleet of vehicles owned by companies is a task by itself, which requires investment of good time and effort. Fortunately, fleet insurance offers a convenient and cost-effective solution.
Fleet insurance, as the name suggests, is a type of insurance policy designed to cover multiple vehicles owned by a single entity under one comprehensive plan. This can include a range of vehicles, from cars and trucks to two-wheelers and machinery, depending on the specific policy.
Cover in general includes:
Damage or loss to vehicles: Covering damage from accidents, fire, burglary, natural calamities, and other unforeseen events.
Third-party liability: Providing financial protection for injuries or property damage caused to others in the event of an accident.
Driver/employee injuries: Covering injuries to the driver of the vehicle, whether it's the owner or an employee.