What is a vehicle policy?

A company vehicle policy, or company vehicle use agreement, establishes which employees are eligible for a company fleet vehicle. It also outlines the requirements for qualifying for a company car, basic rules employees must follow when using company vehicles, and disciplinary action for misusing vehicles.

What should be in a company car policy?

The company car policy must outline the duties of the employee while using a company vehicle. These guidelines include having a valid driver’s licence, driving safely and responsibly, respecting traffic laws and other road users, and reporting problems or damages to the company cars promptly.

What is one thing you can do before driving a company vehicle for a work assignment?

Prerequisites to drive a company car

• Have a valid driver’s license.
• Have a clean driving record for at least [X years]. This means they mustn’t have been held at fault for a car accident, or arrested on charges of violating vehicle and traffic laws (e.g.driving under the influence of drugs or alcohol).

What is fair use of a company vehicle?

In line with this, many organisations have a “fair use” policy that is often essentially trust based and means the employee can use the vehicle for personal use as long as they don’t go overboard.

Can I drive someone else’s car with my insurance?

Your Comprehensive Car Insurance or Third Party Car Insurance policy is only attached to your vehicle. It doesn’t follow you when you drive other people’s cars. For someone else to be covered while driving your vehicle, they need to be on your policy as a listed driver.

Does insurance cover if you damage your own car?

You can make an insurance claim for damage you caused to your own car if you have collision and/or comprehensive coverage. If you have a liability-only car insurance policy, however, damage that you do to your own car won’t be covered. Liability insurance only pays for the other driver’s damages and injuries.

Is it better to have a company car or car allowance?

A company car can be great for those who commute lots of miles to benefit as the vehicle is paid for meaning you don’t have to worry about unexpected costs. Car allowance is less common but offers more flexibility as the money can be used to purchase a new set of wheels or pay its running costs.

Can anyone drive my company car?

Cars issued to employees remain company assets and must be returned to the company on demand. Such cars may be used for private purposes, ie social and domestic, but under no circumstances must anyone drive company vehicles for the business use of any other company.

Who pays the excess on a company car?

The Company is liable for the cost of damages even if the vehicle was being driven by the employee, in most cases. The amount may be claimed from your insurance, but you may have to pay for the excess.

Who is responsible for a company vehicle?

According to a recent survey carried out by Venson, 58 per cent of company car drivers think it’s their employer’s responsibility to get the car serviced at the appropriate times, even though the employee is accountable.

Does my car insurance cover me in a friend’s car?

In general, insurance coverage for an insured driving someone else’s vehicle is the coverage he carries for his own vehicle. The driver’s personal coverage will apply in most cases when driving a vehicle he does not own. Collision and comprehensive coverage do not apply to a borrowed vehicle.

Can my daughter drive my car under my insurance?

If your child isn’t yet licensed, then they are usually automatically covered under your car insurance policy, depending on your insurance company. Once your child is a licensed driver, you should add them as a named insured on your car insurance policy.

What is a company vehicle policy?

Company Vehicle Policy. A company vehicle policy, or company vehicle use agreement, establishes which employees are eligible for a company fleet vehicle. It also outlines the requirements for qualifying for a company car, basic rules employees must follow when using company vehicles, and disciplinary action for misusing vehicles.

What is corporate vehicle?

Definition of Corporate Vehicle. Corporate Vehicle means any Vehicle other than a Rentable Vehicle or a Salvage Vehicle.

What is car policy?

The goal of a CAR insurance policy is to ensure all parties are covered on a project, regardless of the type of damage to the property or who caused the damage.