For a business, a vehicle is rarely just a way of getting around — it is part of the working process. A company car takes managers to meetings, a van delivers goods to customers, a bus brings a shift to the factory. Whatever the use, a company that owns vehicles needs OSAGO insurance. One thing is worth understanding from the outset: the policy protects not the car itself, but the civil liability of whoever is driving it.
What makes a corporate policy different
In principle, a policy issued to a company works exactly like one issued to a private owner. In both cases it covers civil liability arising from the use of a particular vehicle. The difference lies in who the policyholder is: when a company insures a car, the policyholder is the legal entity, and its details go into the contract alongside the vehicle data.
That leads to the main practical difference — the driver and the policyholder are not the same person. Any employee may drive a company car, and there is no need to issue a separate policy for each of them. The contract is tied to the vehicle, not to a name on a driving licence.
Which company vehicles must be insured
The requirement covers far more than the director's car. Every land vehicle intended by law for carrying passengers, luggage, cargo or mail must be insured, as must vehicles fitted with special equipment.
Depending on what the company does, that usually includes:
company cars and trucks;
buses and minibuses;
motorcycles and mopeds;
trailers and semi-trailers;
other vehicles that fall under the statutory definition.
Each unit needs its own valid contract. Only the vehicle written into the policy counts as insured, so a contract for one car does not extend cover to the rest of the fleet. For companies running dozens of vehicles this matters: policies are counted per vehicle, never "per company".
What the policy covers
The policy covers the company's liability for damage caused to third parties in an accident for which the driver of the insured vehicle is at fault. The injured party may be an individual or another business. If an employee driving a company car causes a crash, compensation is paid by the insurer rather than out of the company's own funds.
The law sets the following limits:
injury to life and health — UAH 500,000 per injured person, but no more than UAH 5 million per insured event;
damage to property — UAH 250,000 per injured person and no more than UAH 1.25 million per insured event.
The company's own vehicle, however, is not covered by this policy. Repairing it after an accident remains the company's expense — that is what a separate comprehensive (CASCO) contract is for.
What the price depends on
There is no single price list. To assess the risk, the insurer asks the company for details about itself and about the vehicles — this is required by law. The final figure depends on the type and specifications of the vehicle, the place where the company is registered, how the vehicle is used, and the terms of the particular insurer.
Each insurance company sets its tariff using its own methodology, so the same car may cost noticeably different amounts to insure with different providers. That is exactly why offers are worth comparing rather than taking the first one available. An online calculator shows quotes from several insurers at once and makes it easy to plan the budget for the whole fleet.
What data and documents are needed
To conclude a contract, a company needs to prepare information about itself and about the vehicle. Usually that means:
the company name and registered address;
the state registration code (EDRPOU);
an email address and a phone number;
details of the representative signing the contract.
For the vehicle itself, the insurer needs the data that identifies it unambiguously: registration plate, make and model, VIN, vehicle type, year of manufacture and other essential specifications.
How to arrange a policy online
Under current legislation the policy is issued only in electronic form, so there is no need to visit an office. For a company the process comes down to a few steps.
Prepare the details of the company and of each vehicle.
Enter them into the quote form and get the price.
Compare the offers of different insurers and choose the terms.
Pay the premium.
Receive the electronic policy by email.
With a large fleet it is convenient to arrange the contracts one vehicle at a time and keep them all in one place — that makes renewal dates much easier to track.
What to check once the policy is issued
As soon as the policy arrives, it is worth checking it. A mistake in the registration plate, the VIN or the name of the legal entity will complicate matters at the very moment the contract is needed.
Check the company details, the vehicle data and the validity period, and confirm that the contract appears in the MTIBU database. There is an online service for this: it searches by vehicle registration plate or by policy number, and the date the contract was concluded should be entered for an accurate result.
Conclusion
A policy for company vehicles is not a formality but a legal condition of using them, and every single vehicle has to be insured separately. So if parts of your fleet are still uncovered, or the renewal date is approaching, you can buy OSAGO insurance online with our agency, KIRINS — the quote takes a couple of minutes and the policy arrives by email right after payment.