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Financial implications of erring on the road, and safeguarding yourself with road insurance


“To err is human”, but when on the road a few simple errs can have disastrous implications and even take lives. Many a times, road accidents are not even the chauffeur’s fault. However that hardly ever counts after the mishap. Paying compensation to the other party can be crippling for the finance of any chauffeuring company, especially for someone who has just set sails.

Imagine a strong shield that could protect your vehicle(s) and prevent that from happening. This sort of a shield does exist, and it is known as chauffeur insurance.

What is chauffeur insurance?

Chauffeur insurance is a necessity in the UK if you want to run a successful and profitable chauffeur business in the 21st business. With a nascent business you cannot afford to take risks. Very few people will pay heed to your explanation after a mishap, hence it is always better to be safe than sorry. On a day when everything seems messed upon the road, trust on your chauffeur insurance to swoop in and save your day. A good chauffeur insurance will cover from the instant of the mishap till all the legal proceedings are over. Such an umbrella policy is not too hard to find.

Why do you need a chauffeur insurance policy?

Damage caused to another vehicle or even property attracts hefty penalties and cumbersome lawsuits. This is not favorable for the reputation or the finance of a blooming business. Imagine having to pay the compensations or settlements as well as the cost of the legal procedures from the business coffers. It is indeed quite a nightmare. This is when having a good chauffeur insurance pays off. Getting a policy might initially seem superfluous; however in sticky situations like these, the policy can be a life saver for your precious business.

Difference between chauffeur insurance and a good chauffeur insurance

As mentioned before, a good insurance cover will swoop in right from the instant of the err and cover till the legal boundaries. A good policy also provides cover for third party damage like fire and theft. That means it will pay for the damage caused to your car as well as the third party.Get a replacement car in case of theft of your car and much more. A good chauffeur insurance is also determined by its flexibility. That is, options to pay annually instead of monthly. Credit card options without extra credit charges, etc turn chauffeur insurance into a good chauffeur insurance.

Safeguarding your reputation

Reputation is a cardinal pillar on which your business is standing. At any cost you cannot let the reputation and reliability of your business be tainted in the market characterized by relentless competition. In case of an unprecedented breakdown of your vehicle, a good policy with a good cover will give you the option of a substitute vehicle till your own is ready to hit the road again.

When your vehicle is your livelihood, a good insurance policy does not seem like much of a luxury.

photo courtesy of Viola Renate

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Clever Dude

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