Clements Worldwide: Navigating uncertain roads with WorldAuto coverage
Insurance Business America | April 11, 2019
Operating fleets of commercial vehicles on international roads can be challenging. International roads are not always easily navigable or in the best condition, and weak or crumbling infrastructure can cause damage to vehicles in everyday use. To add fuel to the fire, in some parts of the world, political violence, war, car-jacking, and theft are day-to-day exposures that international fleet operators must navigate. To address these risks, global insurance solutions provider Clements Worldwide has developed WorldAuto, a program providing international vehicle insurance for fleets. The program, which has a particular focus on high-risk areas, offers one policy to cover buses, motorcycles, armored vehicles, trucks, cars, and SUVs against vehicle-related transportation hazards, including theft and collision protection. It covers vehicles in most countries in the world, as long as they’re outside of the US and Canada and not listed under OFAC sanctions. The coverage is comprehensive and collision, so it can cover road accident, theft, vandalism – any type of physical damage that could happen to the vehicle.