Financial Institutions and leasing companies are "on the risk" today when they lease automobiles to the public. Many states have vicarious liability laws which hold the owner (lessor) of the automobile liable at varying levels. Therefore, having the ability to provide your lessee with quality insurance at the "point of sale" is not only a value-added service, it's a prudent business practice for you.
The primary lease fleet insurance policy gives an independent leasing company a master policy of primary liability and physical damage insurance for the benefit of individual lessees.
Supplemental Applications
Documents Required for Proposal
- Completed and signed leasing application
- Copy of current lease agreement
- 4 full years of company-documented loss experience (if applicable)
- Current listing of scheduled vehicles by year, make, model and serial number
- Listing of vehicle garage locations and vehicle costs
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Private Company Protection Plus
This policy is a comprehensive liability solution for small to mid-sized privately held corporations. It provides Directors & officers Liability (lead coverage), Employment Practices Liability and Fiduciary Liability.
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