Company car insurance is a type of car policy reserved mainly for cars owned, leased or owned, by a company that makes them available to its employees.
The distinctive peculiarity of this insurance contract, compared to a normal car insurance, lies precisely in the fact that a company takes out the car policy.
In this way the user is relieved of the payment burden, which will be the sole responsibility of the company that owns the vehicle.
The company must be registered with the Chamber of Commerce of the province in which it has its legal residence.
Moreover, he must be in possession of certain licenses and registration in the register required by the activity he carries out.
Like RC Auto, company car insurance is also mandatory, as well as being very important both to protect any damage to the insured vehicle and to protect the driver who drives it.
When it comes to choosing which company car policy to rely on, there are many elements to consider. But how is it possible to extricate oneself in this mare magnum?
Let’s see together, therefore, everything there is to know about the world of company car insurance.
Company car insurance and standard car policy: what are the differences?
There are no substantial distinctions between traditional Motor TPL policies and company car insurance, especially as regards the process and management of the contract, including the right to maintain one’s own class of merit unchanged as a result of virtuous driving.
In fact, it is possible to obtain from the insurance company a certificate of risk for the user of a company car who intends to buy a personal car, in order to maintain the same bonus / malus class also in the new policy.
Wanting to go more specifically, however, some particular aspects of a company vehicle insurance policy can be identified which, in essence, also correspond to its general characteristics:
Possibility of providing for the same expiration of all contracts stipulated after the first, even if they have a different starting date;
The contract is entered into with a company and not with a single individual;
The policy can cover one or an entire fleet of company vehicles.
Company car insurance: who can drive?
Usually, insurance companies restrict coverage only to those who are indicated as drivers and therefore authorized to use the company vehicle.
However, art. 82 of the Highway Code provides that the vehicle of a company can also be driven by the family members of one of the partners, except in the case of a truck or if the driving of the vehicle is for a fee.
In any case, companies are required by law to notify the DMV who uses the company car; transcribe the name of the person who does not own the car that has full availability in the vehicle registration document for more than 30 days.
This last point is without prejudice to the case of mixed use of the car or of the use of the vehicle as a benefit.
Company car insurance and class of merit
As for standard motor liability insurance, insurance for company vehicles can also take advantage of the transfer of the merit class, as long as the vehicle to be insured is of the same type as the one already insured.
Even for the insurance coverage of a company car, therefore, the driver of the car obtains a certificate of risk from the insurance company, even if, after using a company vehicle, you buy your own car.
The risk certificate, mandatory by law, reports:
The retroactivity to the last 5 insurance years;
The history of the accidents incurred;
The internal class of merit achieved and the universal one.
This rather recent opportunity was introduced only starting from 2006 with the Bersani Decree and the consequent entry into force of Regulation number 4 of Isvap (Institute for the supervision of insurance), updated and amended with Provision no. 2590 of 2008. Business
Car Insurance Online: How Can You Save Money?
Compared to a few years ago, today almost all insurance companies provide for the possibility of taking out insurance for the company fleet.
If finding a good quote for company car insurance online has become quite easy, on the other hand the choice between the different possible proposals of the one that best meets the needs of your company, becomes complicated.
What is asked most often is: is it possible to save on company car insurance? The answer is yes. It’s possible, thanks to several simple and affordable alternatives including:
Long-term rental of your company fleet (a quick and economical solution because you rent vehicles already equipped with full coverage insurance);
Temporary policy (ideal when you need vehicles for limited periods of time);
Insurance that can be suspended for the period of time in which the car is not used (a type of flexible insurance that can be temporarily suspended for a period not exceeding 12 months and not less than 30 days).
Do you need insurance for your company car?
Our insurance brokerage company compares the different insurance policies available, and helps you choose the one that best meets the needs of your business.
If you have any doubts or want to receive more information contact us : we will be happy to answer all your questions.
