It's always good to have motor vehicle insurance that caters specifically for institutions like schools, hospitals, universities, etc.
The policy will allow you to compensate individuals, businesses and companies against accidental loss or damage to their motor vehicles used in connection with their own business, or when hired out.
Accidental damage to the vehicle including malicious damage, riot and strike.
Theft & Fire damage.
Damage to property belonging to third parties (other persons).
Injury to third-party persons such as pedestrians and passengers in other vehicles. Third party persons exclude a third party the client’s immediate family.
Institutions who use their vehicles for their own use.
Use for occasional hire & reward to third parties.