Essential third party cover to fully comprehensive policies that go beyond standard policies.
A company’s fleet of work-use motor vehicles represents a significant investment in capital and management time. It also represents a sizable proportion of the risk the company carries as driving is among the most dangerous work activities.
The implications to businesses from fleet incidents reach far deeper even than human tragedy. From missed deliveries and unproductive downtime, replacement staffing and the high costs and delays associated with repairs, the costs of even a minor accident can escalate. AIG also offers fully comprehensive policies to cover the company’s vehicles.
Motor Fleet Insurance protects businesses financially from compensation claims from third parties as a result of a motor accident or from the theft of a vehicle. These third party claims could be in the form of financial compensation for injury or property damage for a third party.
Third party property damage caused by commercial vehicle limit now £10M (can be extended to £35M)
Third party property damage limit caused by carriage of hazardous goods is now £1M
Enhanced new car replacement. Now also applies to all vehicles not just cars (cover limited in respect of commercial vehicles and special types)
Accessories including visual equipment limit increased from £250 to £5,000
Medical expenses limit increased from £250 to £500
Personal effects limit increased from £100 to £500
New improved trailer section
Unlimited loss or theft of keys (was £500)
Emergency Overnight Accommodation up to £500 for all occupants
Communication up to £100,000 if an insured accident threatens adverse publicity
Legal Expenses cover of up to £100,000 per claim to pursue the recovery of damages following a road accident that causes death or bodily injury to your drivers and authorised passengers or damage to your vehicle or property contained in it.
Legal advice on any business-related matter, 24 hours a day, 365 days a year
Who is it for?
In the event of an incident, Medical and Vocational Rehabilitation is available to the victims of accidents, to help recovery and get back to work. Serious incidents may require the involvement of Professional crisis management teams where the severity might threatens a crisis for the company.
There’s much that the business can do to manage their vehicle fleets better to reduce their own operational and insurance costs. We assist our clients by providing tools that experience shows are key components of effective risk management programmes, to help reduce current high accident and loss rates or complement an existing risk reduction programme that is achieving results.