Comprehensive Insurance. The lessor shall take comprehensive insurance of the car taken on lease. The lessee shall not be liable for any damages, whatsoever to the officer(s) traveling in the car and/or driver, public property and/or any third person due to any accident arising out of and in the course of deployment of cars on lease basis. The lessor shall coordinate with insurance company for all the claims by any third party and/or lessee’s employees traveling in the car for any injuries caused whether by accident or otherwise and settle the same. Comprehensive insurance policy will also include charges of towing the vehicle if an accident, protection for extra fittings like stereo, air-conditioning, fan etc.
Appears in 2 contracts
Sources: Service Level Agreement (Sla), Service Level Agreement (Sla)