Buses, workshops and offices, how to protect them?

Francisco Javier Aguilera, gerente de la Unidad Transporte de Personas y Movilidad en FR Group.

We would all like to believe that, when we have our vehicles stored in the workshop or parked inside a terminal, they are safe, sound and safe. But reality has shown that this is not the case.

We spoke with an expert on the subject of offering solutions to protect assets, Francisco Javier Aguilera, manager of the People Transportation and Mobility Unit at FR Group, to learn more about the eventual dangers that companies’ operations face on a daily basis.

-What are the most risky spaces for the working capital of bus entrepreneurs?

Because there is a significant accumulation of parked buses, the terminals are the places where the highest insured amount exposed to the risk of suffering accidents is found. This can be the consequence of malicious acts, riots, terrorism, and of course, fires. The cause of the latter may be negligence in the rotation, short circuits, overvoltages or overheating that generate fire and spread to the entire premises, including offices and warehouses.

-What happens to the storage facilities for spare parts and stock of materials related to the line of business of these companies?

These enclosures, given that they are located within the same terminals, should consider Fire and Theft insurance due to looting.

For all the risks that we have mentioned, at FR Group we have special clauses and conditions included in our Insurance Programs to provide coverage and thus protect the assets of our insured.</p >

Francisco Javier Aguilera explains in detail what tools business owners can use: “There are All Risk Physical Property policies, which include Fire and Theft, which, depending of our insured’s risk, we adapt to offer him the best coverage”.

In this item, the most insured risks are: Fire, Explosion, Earthquake Damage, Nature Risks, Malicious Acts, Popular Disorders, Terrorism, Theft, Looting, among others

To offer a quote tailored to the operating circumstances of each company, FR Group carries out an evaluation and develops an appropriate Insurance Program and subsequently makes a quote in various Insurance Companies in the market, thereby achieving the best coverage at the lowest possible price.

To contract this insurance, details of the assets to be insured are required, including their insured amounts.

The executive clarifies what the requirements are for hiring them: “Generally, the Companies invited to participate in the quotation process require a prior inspection of the facilities to provide insurance conditions. . Once the quotes are submitted, the insured must give an order to contract the insurance and subsequently document the agreed payment plan.”