When it comes to your job and the vehicle you drive there are several different situations. The same is true of the insurance policy you may have for your company drive time. The important thing is to be sure you get the right type of coverage so you are as protected on the clock as you are in your free time.
The first few questions to consider is to determine whether or not this type of coverage may be needed are:
- Is your own vehicle used for business or are you driving a company car on or off company time?
- Do you pick up passengers, including other employees, or do any type of delivery with the vehicle?
- Is the vehicle you drive leased, owned or financed?
Of course, you may actually be the owner of a business and need to find out how to keep your company vehicles legal and protected while on the road during business hours. Any type of commercial vehicle under the name of your company must have complete coverage. The only time this would be different is if you are the business owner, without employees, and drive your own car only to and from work. In this case a personal policy would be enough.
Understanding the Details
In most cases, employees use their own vehicles for work purposes. This would be common for things such as pizza or food delivery. In order to keep your employees and your business protected, make sure your staff members have proof of auto insurance needed to keep them safe on the road during work hours.
Remember that even an employee running a deposit to the bank during or after business hours is considered driving for your company. Protect your employees and your business with the right type of insurance coverage.
Commercial & Beyond
Another common type of situation is when the company provides a vehicle for certain staff members that they also use as their own personal mode of transportation. The best method of protection for this situation starts with a company policy. For hours of drive time off the clock, you should be sure the driver also has enough coverage so that other household members of driving age are also covered in the policy.
Even if your employee is not planning on letting anyone else drive the vehicle, you have to plan for emergencies. If someone should “borrow” the car without asking or need to drive in the case of an emergency, it is important to make sure the vehicle always has the driver covered. Even during non-work hours, if your company car is involved in any type of accident your company could be held liable for a great amount of expenses.
Make the best decision possible in relation to your company car by getting rate quotes. Don’t take a gamble when you can get the information provided for you free.