Business car insurance not only covers the vehicle, it also covers you for various eventualities, such as:
- Legal liability arising from damage caused to third-party property
- Legal liability for injury caused by an insured vehicle
- Legal liability for personal injury or property damage caused by carrying a dangerous or an explosive material
- Damage caused by an uninsured driver (on certain conditions)
- Income tax efficiency
For a businessman, knowing the extent of insurance cover required is important to identify the risk and the assistance available following a mishap. This will help you ensure that you get the best possible cover for the lowest possible premium.
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