What are the different types of business insurance and which class do I need?
The world of insurance can be a tricky one, but we’re here to break business car insurance down so you know exactly what you’ll need to protect you, your car, and your business.
If you use your car for work, you’ll likely need business car insurance (or company car insurance, as it’s commonly known).
If you only use the car for commuting to and from work, you’ll be covered by your regular social, domestic, pleasure and commuting insurance, but if you use your car for business purposes – like travelling to clients – you will need specific business car insurance.
There are three different classes of business insurance, and which class you’ll need is dictated by who is using the car, and what you’re using it for.
With the average company car driver covering more than double the mileage of domestic drivers, it’s important that you’ve got the right level of coverage so you’re protected should you end up being involved in a crash.
It’s simple enough to take out business insurance: you can either let your existing insurer know about the change, or you can search around for a new policy if you know you’ll soon be clocking up the miles for work. You just need to indicate what you’re using the car for on the online forms, and your insurance provider will do the rest.
And if you're looking for an easy way to spread the cost of your next company car, business car leasing allows you to get behind the wheel for a fixed monthly payment so you can balance the books and enjoy the ride.