Like all facets of life, Driving schools and driving instructors are faced with risks such as fire outbreaks, accidents and health challenges. The work of driving instructor insurance companies is to shoulder this risk in cases of eventualities. Let us do a little risk assessment;
Cars which are the main instructional materials in driving school make use of flammable liquids to function. A fire can start unconsciously from fuel explosions or deliberately through riots. When any of these happens, millions of money are lost.
The risk of young drivers running the car into a tree or nearby buildings is not completely eradicated, even within the walls of a driving school. The chances of these accidents occurring abound. (Sometimes it may be a mechanical fault where the brakes fail). When they do happen, the driving school tends to lose their cars or incur huge repair costs. It is therefore paramount that driving schools get their vehicles insured by driving instructor insurance. At such points of accidents, the insurance come in––depending on their packages––to offer solace to the driving school and may also medical cover to the injured.
Since driving schools make use of cars which run on petrol (whose component is majorly volatile hydrocarbons), driving school instructors needs medical insurance. Hydrocarbons are implicated with respiratory issues and driving school instructors are constantly exposed to them. Also, there can be incidences where a student may use the car to run into his colleagues or band the car so hard into the tree or building that he himself badly hurt. At such times, who pays the bills?
If a driving school has driving instructor insurance, at such points, the insurance company will take bold steps to pay for some of the cars or the hospital bills of the injured.