' Business Insurance'

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SWMBO (& business partner) have purchased, but not collected yet, a car to be used by all staff
It's in case any have; broken down, won't start, flat-tyres, being serviced, etc...

Apparantly insurance is an issue
- It's not 'Fleet insurance, unless there's more than 1 vehicle (2 minimum)
- If it's insured singly, a premium goes up significantly, due to differing addresses it may be kept, & the company she spoke to will only countenance 4 drivers!! (circa 20 staff)

We could insure it 'normally' for us to use for business purposes, but then it's the risk factor, of theft/etc.., if we let staff use it on their own insurance (as the vehicle owned by another person clause)
Plus, some staff may not have that clause? (due to age)
Then, it may not be legally viable, to use the clause, if used for business??

Re; the 'fleet conundrum'
I have suggested that I cancel/reclaim my insurance money (paid, & renews at beginning of June) and mine becomes the 2nd fleet vehicle, even though I'll be the only one using it
But that raises the question, that if there's a RTC with the other, will it affect my NCB, when I renew in my own name again??

Can anyone suggest a company please?

I'm off to work now, but will check this before I start, & again at meal-break time

Thanks in advance!
 

Beebo

Firm and Fruity
Location
Hexleybeef
No one has responded for a week. You need to speak with a specialist broker. But I suspect it will be expensive as a one off.
 

Badger_Boom

Veteran
Location
York
No one has responded for a week. You need to speak with a specialist broker. But I suspect it will be expensive as a one off.
I agree, but it’s bonkers. You can’t possibly be unique in needing that type of cover given the number of SMEs out there.
 

stoatsngroats

Legendary Member
Location
South East
I’m not a specialist, but here are my thoughts.
Allowing others to use it in their own insurance is likely to have that at a 3rd party only level, even if they have comprehensive insurance.
Their use of it is likely to be business related, so there may also be ‘not covered’, and each driver would have to check this before using the car.
I would prefer to have it insured by you as a pool car, and for any authorised driver, which would ensure sufficient cover for you.
The things you mention about breakdown etc should be covered by the AA or similar.
Worth remembering, if a vehicle is damaged and unable to be driven, the insurer arranges recovery not the AA, although thenAA will, but will charge you.
 
Good morning

Have you tried http://www.welldunninsurance.co.uk/vehicle-insurance/pool-car-insurance/ just as a starting point?

Driving other cars is usually poorly specified but it is not intended for planned use, it's there for unexpected circumstances so even if the employee has business use and this extension you may find issues if it is ever needed.

In most cases personal NCD is calculated based on the number, type, cost, at fault etc of claims that you have made, it is not based on the number you have had with that insurer so if you have a private car and have a crash in the company vehicle on the company policy your personal NCD will be affected.

If you think about it, it is not that much different from having a crash when covered by your previous insurer.

However if you have a policy (1) for your private car and are the policy holder on another policy(2) with named/any driver cover and one of them causes you to make a claim this would normally affect NCD offered on your policy (1) as well as on policy (2).

The thing to remember is that there is no such thing as NCD/NCB, it is a marketing concept wrapped around statistical likelihood of you making a claim and you would have a made a claim. So there is wiggle room for the insurer but in commodity car insurance they are unlikely to take that up as there are so few cases that it is not worth catering for

The insurer could say that the claim on policy (2) is not material when calculating the premium for policy (1) but they wont.

If you insured the pool car with yourself as the main driver and any driver cover and the fact is that it is a pool car driven by many people and you rarely or never drive it means that again there would be a problem at claim time as the policy would be being misused. That is why most private car policies have a limit of 5 or fewer named drivers, once you go above that number it isn't really a private car.

What you also want to avoid is "bending the rules" and getting on the insurance fraud database. :-)

Bye

Ian
 
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