Financial Capacity of the Carrier
Financial capacity is demonstrated by road carriers using heavy vehicles* for the proper start-up and administration of their undertaking so that the undertaking is always able to meet its financial obligations during the annual accounting period.
*A heavy vehicle means a vehicle or combination of vehicles with a maximum permitted weight of more than 3.5 tonnes if intended for the transport of animals or goods or a vehicle intended for transporting more than 9 persons including the driver.Article 2(14) of the Road Transport Act
One of the ways of proving financial capacity is an insurance agreement concluded between the carrier and Slavia pojišťovna a.s.
Insurance can be arranged for the whole amount required by the legislation or for the amount the carrier lacks for proving financial capacity. The minimum sum insured to take out insurance is 10,000 CZK.
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