The Financial Benefits of Short Term Car Insurance for Business Users
As a business owner, it is always important to constantly be looking for ways in which you can save the company money. No matter how big or small, this is how you run a successful company and maximise profit. Interestingly, one of the best ways that this can be achieved is by taking out short term car insurance policies instead of annual business policies.
Business Car Insurance
Business car insurance is, typically, higher than standard cover. This is because if the driver is driving for business and pleasure then they are on the roads more which in-creases the chance of them making a claim. In addition to this, having an annual poli-cy often does not make much sense as employees may not be driving every single day so you are paying for what you do not need.
Short Term Cover
With temporary insurance, you can get coverage for just one day or up to three months in some cases. Therefore, if an employee has a client meeting then you can simply get insurance for one day. If staff are going on a work trip, you could take out a longer policy to cover this period.
Pay for What You Need
By only covering what you need, it could drastically reduce the amount of money you are spending each year. It also guarantees that they are always covered when driving for business purposes. You can get competitive rates when you use reputable insurers like Dayinsure and add drivers at no extra cost.
Another benefit is that short term car insurance has no impact on any no claims dis-counts (NCD). If you were to add a driver to your annual policy, you would lose your NCD if they were to make a claim. Temporary insurance, meanwhile, is a standalone policy where any claims are met by the short term policy.
Quick to Arrange
In addition to these financial benefits, short term car insurance is also very quick to organise. This means that you can arrange cover at short notice (if an unexpected meeting occurs, for example). Adding a driver to standard cover can be an ordeal and you have to wait for a certificate in the post, but the temporary cover can be arranged the same day if you need.
Changing business insurance to temporary car insurance could save your company a small fortune whilst also ensuring that your employees are still covered. The key to success will be keeping on top of who needs to use a car and when and then arranging insurance for this short period.
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