Question
In: Finance
3-1 Fast Pizza hires college students who drive their own cars to deliver pizzas to customers....
3-1 Fast Pizza hires college students who drive their own cars to deliver pizzas to customers. Fast Pizza is concerned that the company may be liable for damages caused by the company employees while they are driving their cars on company business. Identify a liability coverage form that Fast Pizza could purchase to deal with this exposure. Explain your answer.
Solutions
Expert Solution
In the present case, the pizza company is using a model wherein college students will use their own respective vehicles for delivery. However, customers ordering pizza are entering into a principal to principal transaction.
The customer here is not privy to the arrangement between pizza chain and college students. For them, it is the pizza chain only delivering the the pizza. Hence, any claim from any customer will be directly upon the pizza chain and not individual person delivering the same.
Hence, in the above scenario, Fast pizza chain can hedge itself with buying a third party liable insurance from any recognized insurance provider proving claim against any such damages.
Further, in addition to further protect itself, an indemnity clause should be kept as a part of the agreement entered into with the college students wherein for any such claims, they shall be liable to indemnify the company.
jeff jeffy answered 10 months agoRelated Solutions
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