Civil liability for company cars
Company car liability is mandatory for all companies that use motor vehicles in their business operations.This type of insurance is not only a legal requirement, but also protection for the company against potential financial losses arising from accidents involving their vehicles.In this article we will look at the main aspects of company car liability, why it is important and what it covers.
Legal requirements
In Bulgaria, every car, be it personal or company, must have civil liability.Any company that owns or operates a car is required to have a valid third party liability policy.Without such insurance, the company can expose itself to significant legal and financial problems, including the payment of fines and huge costs in the event of
What kind of protection does company car liability provide?
Costs related to damage caused to third parties as a result of an accident caused by the company car are covered by civil liability.This includes:
- Expenses for treatment of people who have suffered;
- Benefits for temporary or permanent disability;
- Providing compensation for damage to other people's property, such as buildings and cars;
- If there is a legal dispute, the legal fees take into account all the necessary legal aspects.
What are the benefits for the company?
Businesses that purchase third-party liability for their cars can feel at ease because their company is insured against unexpected financial In addition, the company can build a positive image as a responsible employer and partner by complying with legal requirements.
Liability for company cars is an obligation without which the company is exposed to serious financial risks.Every company must ensure that their vehicles are properly insured and that their policy is always valid and up to date.
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Civil liability for company cars
Company car liability is mandatory for all companies that use motor vehicles in their business operations.This type of insurance is not only a legal requirement, but also protection for the company against potential financial losses arising from accidents involving their vehicles.In this article we will look at the main aspects of company car liability, why it is important and what it covers.
Legal requirements
In Bulgaria, every car, be it personal or company, must have civil liability.Any company that owns or operates a car is required to have a valid third party liability policy.Without such insurance, the company can expose itself to significant legal and financial problems, including the payment of fines and huge costs in the event of
What kind of protection does company car liability provide?
Costs related to damage caused to third parties as a result of an accident caused by the company car are covered by civil liability.This includes:
- Expenses for treatment of people who have suffered;
- Benefits for temporary or permanent disability;
- Providing compensation for damage to other people's property, such as buildings and cars;
- If there is a legal dispute, the legal fees take into account all the necessary legal aspects.
What are the benefits for the company?
Businesses that purchase third-party liability for their cars can feel at ease because their company is insured against unexpected financial In addition, the company can build a positive image as a responsible employer and partner by complying with legal requirements.
Liability for company cars is an obligation without which the company is exposed to serious financial risks.Every company must ensure that their vehicles are properly insured and that their policy is always valid and up to date.