In the same way in which the real property is protected, the movable assets must be protected too such as the vehicles which give service to the company to ensure its operation. There are plans to protect the company’s vehicles called Ridgewood commercial insurance for commercial vehicles that have a coverage that protects the vehicles of the company against material damage, total theft, and civil liability for damages to third parties, medical expenses to occupants, legal defense and assistance for the insured driver.
The protection is for vehicles whose use can be
When a company owns several cars for commercial or utilitarian use, it is called a car fleet. The coverage that a company can contract with an insurer can be from 1 to 100 vehicles or more if the insurer allows it. Particular, Vehicle used to transport endless employees for commercial use and Commercial, Vehicle used to transport people, merchandise and supplies for commercial purposes. Depending on the turn of the company, the car fleet may consist of different types of cars depending on the needs of the business likewise Light, Those with gross vehicle weight of up to 3.5 Tons and Heavy, Those with a gross vehicle weight greater than 3.5 Tons.The terms and conditions of equal coverage for cars and vehicles up to 3.5 tons are considered as a Pick-up. When they are vehicles of more than 3.5 tons, they are usually cargo and their policies are added other additional coverage such as damage caused by cargo, special equipment, among others.
What is the scope of coverage?
The protection covers the material and personal damages that employees may cause accidentally when driving a vehicle is insured under this policy. The following describes the services covered by an automotive protection for standard commercial use offered by insurers. Material damage to the insured vehicle refers to the repair of the insured’s car for damages that have been caused by a collision or shock, rollover, fire, flood, strikes and natural phenomena. Civil liability for damages to third parties refers to pay for all material damage that could have caused to the property or physically to other third parties. Medical expenses to occupants refers to all expenses for hospitalization, medical care, medical studies and medicines for all persons who were inside the vehicle at the time of the accident and who suffered physical injuries.
Conclusion: What aspects does this insurance not cover?
Goods that are in the vehicle at the time of the accident, loss or damage to the vehicle caused by partial theft, damage caused to the vehicle when carrying out loading or unloading maneuvers are mostly not covered by the insurance. The insurance is not valid when the driver of the insured vehicle is not having a valid driver’s license or permit, is under the effects of drugs, narcotics or alcohol at the time of the incident.