Driver's insurance is the latest insurance created to supplement to your car insurance.
Cover for physical harm and loss of earnings
The driver of a company car who is injured in a traffic accident receives compensation for the medical costs involved, permanent or temporary incapacity, death, … Depending on the policy taken out, the insurance company provides compensation for the actual damage (common law), or pays a flat rate agreed in advance (flat rate reimbursement system ).
Should an employee die while driving, the insurance company pays a capital sum to the next of kin.
Avoid duplication of cover and uncertainties
Many drivers receive compensation for damage under another workplace scheme whereupon driver's insurance is superfluous. You should seek advice about this from your HR officer. You should always check to see who is specified in the policy as 'driver'’. This is important if you ask a designated driver to drive your car, for example.