Motor Vehicle Insurance
Large companies that make intensive use of motor vehicles often lose money due to insufficient insurance coverage.
For every vehicle operating on public roads, you are required to take out at least compulsory motor liability insurance for damage caused by the vehicle's operation. Work machinery that does not operate on public roads is not required to take out this insurance. However, since this is still a motor vehicle whose operation can equally cause damage to property and the health of third parties, it is a good idea to protect yourself against the costs of compensating for such damage with compulsory motor liability insurance.
It's important to remember that compulsory motor liability insurance only protects you against costs for damage you cause to third parties. However, what really costs you money are the repairs you have to carry out on your own vehicle as a result of an accident, theft, or a natural disaster. That's why we recommend you also find out about the option of comprehensive (CASCO) insurance for your vehicles.
