Company car insurance for employees

If you’re a business owner with no employees , and you use your vehicle driving to and from work, a personal auto policy will cover you. Protect employee -owned vehicles with company car insurance. If you have employees and they use their vehicles for business use, be sure they have sufficient liability coverage with their personal auto policies. Insurance for a company -owned car may be cheaper than for an employee -owned vehicle since businesses can get leased- car and multiple- car rates and other discounts. If you are using your own car or truck to do more than just get you to or from the office or shop, you should review your policy to find out what it covers.

In some cases, you may need to add a company car insurance policy for employees.

This is especially true if you’re using a classic car that needs to be protected. Employees who may be assigned a company car. Seems like a lot of businesses are trying to save money these days. One option employers are adopting is to use the employees ’ insurance as a stop-gap measure on their own liability. If the car is insure the insurance company will pay for the damage.

If the accident in uncovered injuries or damages, the responsible party will pay. The auto insurance policy on a company car will most likely be in the company name. But in some cases, if the employee is the responsible party in terms of.

Most employee benefits are taxable to the employee.

Mary’s auto insurance also pays for the damage to the parked car , $1000. A working condition benefit, according to the IRS, is property and services you provide to an employee so that the employee can perform his or her job. In the earlier days, a company car was perceived as a lucrative incentive when it came to considering a new job.

However off late, companies have resorted to provide car allowances which work out to be financially more beneficial for both the employer and the employee. Get fast, free insurance quotes today. Find affordable insurance coverage for your car , motorcycle, and much more.

Find Cheaper Auto Insurance Today When You Compare Quotes. Get cheap US auto insurance now. Start your free online quote and save $536! Overall, insurance companies do not see government employees as risky drivers.

Using historical data that links occupation to driving habits, insurance companies can see that government employees tend to get into fewer accidents and thus file fewer claims than other occupations. Because of this, they are often rewarded with a discount. MetLife is a sound insurance company , carrying all types of insurance.

They are located in New York and service thousands of customers each year. Most large companies have a commercial auto insurance policy that covers you while you travel. We spoke to Warrantywise, a leading provider of extended car warranties, to find out the pros and cons of providing company cars to your employees. Providing a car is a valuable benefit for employees.

Being able to use a company car is a valuable benefit for employees , especially those with children.

Company cars are also convenient for employees, because they don’t need to worry about costs such as maintenance, tax insurance and wear and tear. The same study, which included 1full-time drivers, found that employees preferred to use company-provided vehicles, citing “ease of use” as the main reason. First Santa Fe Insurance Services can help you obtain, tract and document the motor vehicle records of employees that drive company owned vehicles or their own vehicle(s) on company business.

Protect your business and your assets by having the right coverage, contact us today to assist you. Company Car With this type of program, firms purchase or lease vehicles for employees. Generally, companies pay for fuel, licenses, maintenance, and taxes, which can be very costly.

In addition, early vehicle lease terminations can arise in the case of employees leaving the company. The mileage allowance you pay the employee should be enough to cover their running costs for the business use of their car , i. Company vehicle insurance is used to provide insurance on cars owned or leased by a company. Keith Michaels have years’ experience arranging car insurance for company car drivers to ensure they get the best cover around.

We supply insurance for company vehicles and drivers, including cars, vans and trucks.