Safeguarding an Automobile Fleet Business with Comprehensive Motor Insurance





Monsoon seasons, while a natural occurrence, can be a nightmare for businesses, especially those relying on their fleet of vehicles. For an automobile fleet business, monsoons can mean damaged vehicles, halted operations, and significant financial setbacks.
<span class="text-color-loop-emerland">Recognizing the urgency, the business turned to Loop. Our team, equipped with deep expertise in commercial vehicle insurance, initiated a systematic approach:</span>
- <span class="text-color-loop-emerland">In-depth Risk Advisory:</span> Our Practice Head collaborated with the business's Procurement/Mgmt team to understand the depth of the damage and the specific needs.
- <span class="text-color-loop-emerland">Policy Recommendations:</span> Based on the assessment, we presented tailored policy recommendations to safeguard against future risks.
- <span class="text-color-loop-emerland">Quotes Procurement:</span> Leveraging our strong insurer relationships, we procured competitive quotes from leading insurers.
- <span class="text-color-loop-emerland">Policy Placement:</span> Our Practice Head collaborated with the business's Procurement/Mgmt team to understand the depth of the damage and the specific needs.
- <span class="text-color-loop-emerland">Ongoing Support:</span> Our dedicated team was on standby to handle any endorsements and claims, ensuring a seamless experience for the business.
<span class="text-color-loop-emerland">Our tailored insurance package for the automobile fleet business included:</span>
- <span class="text-color-loop-emerland text-style-block">Comprehensive Vehicle Coverage:</span> Protection against damages due to accidents, riots, natural and man-made calamities.
- <span class="text-color-loop-emerland text-style-block">Third-party Legal Liability:</span> Covering accidental death, injury, and property damage to third parties.
- <span class="text-color-loop-emerland text-style-block">Personal Accident Coverage:</span> Addressing medical treatment costs for the driver post any mishap while driving.
<span class="text-color-loop-emerland">Understanding the unique needs of the business, we also recommended specific add-ons:</span>
- <span class="text-color-loop-emerland text-style-block">Zero Depreciation Cover:</span> Ensuring the business received the original value of their vehicle in case of damage or theft.
- <span class="text-color-loop-emerland text-style-block">Engine and Electronic Circuits Cover:</span> Protection against damages due to engine failures or electronic circuit issues.
- <span class="text-color-loop-emerland text-style-block">Roadside Assistance Cover:</span> Providing assistance in remote locations, ensuring the business's operations were never halted for long.
<span class="text-color-loop-emerland">With Loop's comprehensive coverage and add-ons, the business was back on its feet in no time. Their trust in Loop translated to increased client trust and a fortified reputation.</span>
- 2022 AVERAGE VEHICLE DOWNTIME: <span class="text-color-loop-emerland text-weight-semibold" >65 days</span>
- 2023 AVERAGE VEHICLE DOWNTIME: <span class="text-color-loop-emerland text-weight-semibold" >34 days</span>
- % OF DOWNTIME REDUCTION: <span class="text-color-loop-emerland text-weight-semibold" >47.69%</span>
- REDUCTION IN COSTS INCURRED: <span class="text-color-loop-emerland text-weight-semibold" >23L</span>
- REDUCTION IN BUSINESS LOST: <span class="text-color-loop-emerland text-weight-semibold" >12L</span>
Challenges
<span class="text-color-loop-emerland">This is where Loop stepped in, showcasing its unique strengths and offerings to navigate the challenges of a severe monsoon season.</span>
In 2021, a leading automobile fleet business in a major city faced devastating floods. A significant portion of their fleet was damaged, operations came to a standstill, and they faced overwhelming financial repercussions.
The business was looking at massive repair costs, potential claims from clients for service disruptions, and a tarnished reputation.

Solutions
<span class="text-color-loop-emerland">Our tailored insurance for the auto fleet business offers comprehensive coverage tailored to industry risks.</span>
It includes vehicle protection from accidents, riots, and calamities, third-party liability coverage for accidental harm, and personal accident coverage for drivers' medical costs. This ensures fleet safety and underscores our commitment to employee well-being, providing a robust insurance framework for our business.
<span class="text-color-loop-emerland">Understanding the business's unique needs, we recommended tailored add-ons: </span>
Zero Depreciation Cover ensures full vehicle value reimbursement; Engine and Electronic Circuits Cover protects against engine and electronic failures; Roadside Assistance Cover ensures swift assistance in remote areas, preventing prolonged operation halts. These additions bolstered insurance coverage, safeguarding business interests and ensuring seamless operations.

Result
With Loop's comprehensive coverage and add-ons, the business was back on its feet in no time. The subsequent monsoon seasons saw a marked reduction in damages, thanks to the preventive measures and coverage in place. Their trust in Loop translated to increased client trust and a fortified reputation.
Natural calamities are unpredictable, but with the right insurance partner, businesses can navigate these challenges with confidence.
Our commitment to understanding the unique needs of each business and providing tailored solutions ensures that our clients are always prepared, come rain or shine.

Learn how Loop is changing the game.
Next up
Your peers are super happy with us
CASE STUDY
Safeguarding an Automobile Fleet Business with Comprehensive Motor Insurance

Challenges

<span class="text-color-loop-emerland">This is where Loop stepped in, showcasing its unique strengths and offerings to navigate the challenges of a severe monsoon season.</span>
In 2021, a leading automobile fleet business in a major city faced devastating floods. A significant portion of their fleet was damaged, operations came to a standstill, and they faced overwhelming financial repercussions.
The business was looking at massive repair costs, potential claims from clients for service disruptions, and a tarnished reputation.
<span class="text-color-loop-emerland">This is where Loop stepped in, showcasing its unique strengths and offerings to navigate the challenges of a severe monsoon season.</span>
In 2021, a leading automobile fleet business in a major city faced devastating floods. A significant portion of their fleet was damaged, operations came to a standstill, and they faced overwhelming financial repercussions.
The business was looking at massive repair costs, potential claims from clients for service disruptions, and a tarnished reputation.

Building with Loop


Constant communication
Our customer success managers keep Brevistay’s team looped in constantly. From claims resolutions to new wellness offerings, Brevistay’s team is always in the know.

100% transparency
Whether it’s endorsements or CD balance, all transactions are 100% transparent. We meet regularly with Brevistay’s team to build a more detailed picture of month-on-month execution.

Round-the-clock support
24X7 services include claims support, doctor consultations, and customer support. Even during peak COVID-19 times, support was readily available at all times. No escalations were received.

Health care solutions
With discounts on lab tests, and regular wellness sessions that are tailored for the young workforce at Brevistay, our preventive care approach helps keep employees continually healthy.

Personalized wellness sessions
We allow teams to curate a personalized wellness calendar with top experts. The 30-minute highly interactive Q&A session on nutrition, a topic chosen by the employees, saw a 95% attendance including managers and co-founders.
Results With Loop





Here’s what the Brevistay folks have to say:
“If I have to describe our partnership with Loop, it’s very transparent. We know how much we’re paying and all price details are clear when we started as well. The best part - we’re not involved.
We know Loop’s team is there taking ownership of our group health insurance - which is great. It’s like we’re doing everything yet nothing. The entire process is well structured, and we get responses on time so it’s all smooth.”

Find out how industry leaders are breaking boundaries and records with Loop.
Experience yourself the modern health benefits that HRs are choosing from all over the country.
HRs and employees love Loop
Loop is very cordial, patiently dealing with every insurance query. They ensure we take appropriate action in time.
Loop’s thoughtful assistance, right from in-person to moral support, shows the depth and quality of the team's commitment to their clients.
The valuable insights you provided on healthcare benefits will be incredibly helpful for our employees, enabling them to fully understand and take advantage of the perks of endorsing with Loop.
It was great to have Loop Health with us for all our medical needs
One of the best features is the in-house team of doctors and specialists. Our employees love Loop’s wellness sessions, and health check-up camps.
Our association with Loop has been an excellent experience. Kudos to the claims team because the claims are settled very well. Our employees are very happy with the health checkup feature too.
The online consultation services provided to employees through the Loop app proved to be a life-changer. We have seen many of our employees have taken benefit of the service and it actually served as a big relief to us.
Please thank Dr. Amruta for making me feel alive, happy & hopeful again. After first day of meds, I experienced 70% of positive change''
The medical advisors and the consultations from the in-house doctors has been very helpful. They are very prompt in their communication and follow up.
Loop is very cordial, patiently dealing with every insurance query. They ensure we take appropriate action in time.
Loop’s thoughtful assistance, right from in-person to moral support, shows the depth and quality of the team's commitment to their clients.
The valuable insights you provided on healthcare benefits will be incredibly helpful for our employees, enabling them to fully understand and take advantage of the perks of endorsing with Loop.
It was great to have Loop Health with us for all our medical needs
One of the best features is the in-house team of doctors and specialists. Our employees love Loop’s wellness sessions, and health check-up camps.
Our association with Loop has been an excellent experience. Kudos to the claims team because the claims are settled very well. Our employees are very happy with the health checkup feature too.
The online consultation services provided to employees through the Loop app proved to be a life-changer. We have seen many of our employees have taken benefit of the service and it actually served as a big relief to us.
Please thank Dr. Amruta for making me feel alive, happy & hopeful again. After first day of meds, I experienced 70% of positive change''
The medical advisors and the consultations from the in-house doctors has been very helpful. They are very prompt in their communication and follow up.
Loop is very cordial, patiently dealing with every insurance query. They ensure we take appropriate action in time.
Loop’s thoughtful assistance, right from in-person to moral support, shows the depth and quality of the team's commitment to their clients.
The valuable insights you provided on healthcare benefits will be incredibly helpful for our employees, enabling them to fully understand and take advantage of the perks of endorsing with Loop.
It was great to have Loop Health with us for all our medical needs
One of the best features is the in-house team of doctors and specialists. Our employees love Loop’s wellness sessions, and health check-up camps.
Our association with Loop has been an excellent experience. Kudos to the claims team because the claims are settled very well. Our employees are very happy with the health checkup feature too.
The online consultation services provided to employees through the Loop app proved to be a life-changer. We have seen many of our employees have taken benefit of the service and it actually served as a big relief to us.
Please thank Dr. Amruta for making me feel alive, happy & hopeful again. After first day of meds, I experienced 70% of positive change''
The medical advisors and the consultations from the in-house doctors has been very helpful. They are very prompt in their communication and follow up.
"For my team, having Loop is like having a doctor in the family."
This year was especially tough, but now we have Loop helping our team.
We have had Loop as our insurance broker for last 2 years, our experience is very positive. From getting the best quotes to providing unique services via their mobile app to going the extra mile to deliver best services, they've helped us make things easy and convenient for our employees.
My employees no longer call me to ask about their policy because Loop takes care of everything.
Really nice doctors. Helpful in every situation. They do a follow up to check on you. Would definitely recommend.
Appreciate Loop’s speedy response and unwavering assistance. Truly setting the bar for healthcare services.
Seamless process with quick approvals - Loop provided fantastic service even in late hours.
"For my team, having Loop is like having a doctor in the family."
This year was especially tough, but now we have Loop helping our team.
We have had Loop as our insurance broker for last 2 years, our experience is very positive. From getting the best quotes to providing unique services via their mobile app to going the extra mile to deliver best services, they've helped us make things easy and convenient for our employees.
My employees no longer call me to ask about their policy because Loop takes care of everything.
Really nice doctors. Helpful in every situation. They do a follow up to check on you. Would definitely recommend.
Appreciate Loop’s speedy response and unwavering assistance. Truly setting the bar for healthcare services.
Seamless process with quick approvals - Loop provided fantastic service even in late hours.
"For my team, having Loop is like having a doctor in the family."
This year was especially tough, but now we have Loop helping our team.
We have had Loop as our insurance broker for last 2 years, our experience is very positive. From getting the best quotes to providing unique services via their mobile app to going the extra mile to deliver best services, they've helped us make things easy and convenient for our employees.
My employees no longer call me to ask about their policy because Loop takes care of everything.
Really nice doctors. Helpful in every situation. They do a follow up to check on you. Would definitely recommend.
Appreciate Loop’s speedy response and unwavering assistance. Truly setting the bar for healthcare services.
Seamless process with quick approvals - Loop provided fantastic service even in late hours.