You motor fleet policy provides cover in accordance with the requirements of the Road Traffic Acts giving unlimited legal liability cover for death or injury to any third party arising out of the use of your business vehicles. Third party property damage is covered up to the limit of indemnity specified in your policy. Cover also includes any costs and expenses incurred, with your insurer’s written consent, in connection with the claim made against you.
The level of cover chosen for each vehicle can vary and a brief summary of the cover provided by each option is as follows:
Third Party Only (TPO)
Legal liabilities only, as defined above.
Third Party, Fire and Theft (TPFT)
In addition to legal liabilities, cover for loss of or damage to your vehicle caused by fire or theft only. In the event of a claim, your insurers will repair the vehicle, provide a replacement vehicle or reimburse the market value of the vehicle.
In addition to legal liabilities, cover for loss of or damage to your vehicle caused by fire or theft, or following an accident, irrespective of who is at fault for the accident, and malicious damage. In the event of a claim, your insurers will repair the damaged vehicle, provide a replacement vehicle or reimburse the market value of the vehicle.
The principle motor fleet policy exclusions are as follows. For a full list of exclusions, please refer to your policy documents.
Loss of use
Depreciation, wear and tear, mechanical or electrical breakdown, failure or breakage
Damage to tyres
Loss of value following repair
Loss or damage arising from theft when the keys have been left in or on the vehicle.
Death of or bodily injury to employees whilst driving an insured vehicle in the course of employment (This would be covered under your Employers Liability policy)