Insuring a Company Vehicle

You must purchase at least third-party liability insurance for your company car. This type of insurance is particularly suitable for company cars that are 8 years old or older. The exact age of your car depends on its value; after all, a 10-year-old company car can still be worth a lot.

The biggest drawback of third-party liability insurance is that the insurer does not cover damage to your own company vehicle. If there is damage, you can hold the other party liable, but you cannot do so if you caused the damage yourself.

The liability + limited comprehensive coverage naturally provides coverage for damage you cause to others. Your company vehicle is also insured against a number of causes of damage specified in the policy terms and conditions. This includes the following coverages:

• theft and damage resulting from an attempted theft
• lightning damage
• animal-vehicle collisions
• hail damage
• storm damage
• broken window
• fire and explosion

You should choose this insurance if liability insurance isn’t enough and comprehensive coverage is too expensive for what you get. Especially for an older company car, the most comprehensive coverage is often too expensive. You don’t want to pay a €1,000 premium if your company car is only worth €2,000.

This insurance policy provides third-party liability and limited comprehensive coverage, plus additional coverages, such as:

• Damage to one's own car caused by a collision
• damage to the company car caused by a slippery road surface
• the vehicle entering the water
• damage caused by vandalism

Choose comprehensive commercial auto insurance for a new commercial vehicle until it is about 3 or 4 years old. This is a general guideline. For example, you can also keep a 6-year-old commercial vehicle insured under a comprehensive policy. The key is to weigh the coverage against the premium.

As the vehicle gets older, its market value decreases. As a result, it makes less and less sense to keep the company car fully insured.

You may use a privately insured car to drive for business purposes and deduct those miles from your taxes. For example, if you drive to a trade show or a business meeting.

Do you want to deliver meals or transport goods? Then you’ll need commercial auto insurance. Is the vehicle registered to your business? If so, be sure to get commercial auto insurance, whether it’s a delivery van or a passenger car.

You are legally required to insure a car or delivery vehicle as soon as the license plate is registered in your name. From that moment on, your information as the owner is on file with the National Road Traffic Authority (RDW).

The RDW regularly checks whether the vehicles in its database are insured. If you haven’t yet purchased the required liability insurance for your car or van, and it’s already registered in your name, you risk receiving a fine from the RDW.

A car that has already been registered in your name must be insured under your name from the moment of registration, even if the car is still at the seller’s location. You are not required to have limited comprehensive or all-risk coverage for your car; only third-party liability coverage is mandatory.

The cost of commercial auto insurance depends on the number of years without a claim and the type of coverage, just as it does with regular auto insurance. How the commercial vehicle is used is also important. A van used to transport people is at lower risk than a delivery van frequently used by a plumber. The type of vehicle also plays a role.

With commercial auto insurance, you can choose which accessories you want to insure. This way, the insurance is tailored to your needs. Accessories are divided into factory-installed accessories and additional accessories that were added later.

A tow hitch is included in the car's new value, but you must insure it separately if you have it installed later. A delivery van that has been specially equipped for business use must also be insured as a separate accessory.

You insure a company car as a business vehicle, but what if, for example, an employee uses the car outside of working hours? Fortunately, company car insurance usually provides coverage even after working hours. Check the policy terms and conditions to be sure.

Yes, temporary auto insurance is a short-term policy that covers your car for 1 day or 14 days with third-party liability (WA) coverage. We’d be happy to help you with that.

Yes, that's possible. With ourcourier insurance, it's also possible to insure company vehicles used for courier services.