If you have a car, you are likely to also have car insurance. It is, after all, a legal requirement for driving a car on UK roads. However, if you have heard or read mention of "business car insurance", you might have been suddenly struck with uncertainty over whether you need such cover.
That would be understandable. After all, many of us routinely use our cars to get to and from work. Does this mean that, if you are still using a standard car insurance policy, you wouldn't be covered if you had an accident when commuting? This article is meant to help in clearing confusion.
Sourcing a car insurance policy - even a great-value one - can be straightforward. Under the trading name Call Wiser, we offer car insurance policies of various types. However, when on the phone to us, you should be clear about your particular car insurance needs.
We say this because, whether you call from a mobile on 0333 003 3270 or a landline on 0800 298 2190, we want to help you in settling on the policy that ticks the right boxes. To do so, we can compare car insurance quotes before citing the best-value one for you.
You should be careful not to be overly driven on price, as you could otherwise miss out on a policy that will cover you for every purpose to which you put your vehicle. Sadly, some of the terminology surrounding car insurance could trip you up - as this article from The Sun clarifies...
The news site explains that car insurance policies are available in the flavours of "social only", "social and commuting" and "business use". So, how exactly do these categories differ?
Opting for a "social only" policy would mean only being covered for driving that isn't work-related. You might see such policies alternatively called "social, domestic and pleasure use" policies. Therefore, normal day-to-day driving - like visiting friends and relatives - would fall under the remit, but repairs for damage incurred during commutes would have to be funded through other means.
If omitting commuting from your car insurance's coverage would seem too inconvenient for you, there's the option of a "social and commuting" policy instead. This stretches as far as "social only" cover while also letting you regularly drive between home and a permanent workplace.
Such insurance typically classes driving to a railway station - and then parking the car there - for part of your work journey as commuting. Be careful if you are considering dropping another person off at their own workplace; if you won't be diverting from your usual route along the way, the policy might still cover this, but it's a grey area. Therefore, you should check for definite with your insurer.
However, if you also seek to drive your car for work purposes other than commuting, then "business use" cover will be necessary. Social and domestic use as well as commuting are all still covered, but you would also have the option of business-related driving at a distance from your typical workplace.
For what exact reasons do you want to regularly drive in a corporate sense? The answer could depend on both the sector in which you work and your occupation. The motor trade sector alone includes various occupations, examples of which are mechanics, valets and mobile engine tuners.
The complexity of the insurance picture in the motor trade means that finding all of the insurance you need could prove arduous. However, under our Be Wiser Business Insurance name, we can make the task appreciably easier, as we offer both combined buildings cover and road risk insurance.
The latter pertains specifically to the use of vehicles on the road. After all, in some jobs, such as those of a garage owner, car salesperson or mechanic, you will occasionally have to drive clients' vehicles or, perhaps, vehicles being offered for sale through your business.
With road risk cover, you would be financially protected - from fire, theft, or damage from a third party - when you drive vehicles that you sell or ones belonging to the company or customers.
Meanwhile, combined buildings insurance would account for business insurances that could concern both vehicle use and other matters, too. Business insurances that would fall under this umbrella include buildings insurance, public liability cover and building and contents cover.
You might still be at the start of your journey towards picking up business car insurance. Perhaps you have noticed that your current policy doesn't cover you for daily commuting; on the other hand, you might have started a new business and so realise the need for top-end "business use" cover.
In either situation, you might wonder what would be the best method of taking out the insurance that you require. Sadly, looking for business car insurance can be laborious and time-consuming - and, as the common saying goes in the corporate world, time is money.
For this reason, Business Advice suggests that you hire a broker who will relieve you of the potentially time-draining responsibility of perusing various insurance quotes. Whether you turn to Call Wiser or Be Wiser, take heart that you will be dealing with a firm regulated by the Financial Conduct Authority.
Author: Call Wiser
Call Wiser is a trading name of Be Wiser Insurance Services Ltd. Registered in England No. 6097813. Be Wiser Insurance Services Ltd are Authorised and Regulated by the Financial Conduct Authority 465471