· Colorado drivers are legally required by law to have car insurance. You are prohibited from driving your car on the roads without it. Even if you park your car in the driveway, it must still be covered according to the state's minimum coverage requirements. Car insurance is essential because it protects you and others on the road. In ,. What Insurance Should Employees Driving Company Cars Have? Some business insurance policies will cover employees if they have an accident while driving company and personally owned vehicles. However, in most cases, specific fleet, HGV or van insurance will be required. Don't risk the chance of you or your staff being penalised. · See if your insurance provider will accept claim-free driving. If you were the only person using your company car, some insurance providers will offer you a discount for your years of claim-free driving. It’s not strictly a no-claims discount but it could lead to www.doorway.ruted Reading Time: 3 mins.
The answer: The Personal Auto Policy has an exclusion that states that there is no coverage for the use on a vehicle furnished or available for your regular use. Thus, when driving the employer-owned company vehicle there is no coverage under his personal auto policy. Company vehicles while intended primarily for CDS business use, may also be used for commuting to and from work and for limited personal use “on an emergency basis only.” Evening and weekend travel is prohibited unless conducting company business after normal business hours. No other drivers are permitted to operate a company vehicle. Coverage would be provided for ABC Incorporated, Will, Sue and Billy (as well as for damage to the company car) in all of the following situations: 1 Will is driving the company car on personal business, injures another driver and damages the company car. 2 Sue or Billy, (as drivers of the company car with permission) runs a light, damaging another car and the company car. 3 Will is sent out of town on business and rents a car, damaging it and another vehicle in an at-fault accident.
Car insurance is an unavoidable expense, but you shouldn’t pay more for it than necessary. If you’re buying a car, truck or SUV, get a few insurance estimates before you commit to the purchase so that you know what it will cost you to own a. If you’re purchasing your first car, buying used is an excellent option. You’ll not only be saving a considerable amount of money, but you’ll also avoid first-year depreciation hits new car owners face. When you’re looking at the condition. There are many well known insurance companies, such as Aflac and State Farm. When looking for the right insurance company to suit your needs, you will have to sift through different insurance companies until you find the one with the right.
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