All Posts tagged Vehicles

3 Simple Ways To Lower Your Auto Insurance Premium

3 Simple Ways To Lower Your Auto Insurance Premium

Even in the best of times, needless spending on insurance premiums just doesn’t make sense. If you need to save money or simply want to trim the budget, here are three simple things you can do to lower your auto insurance premium.

Drop Coverages

If you have an older vehicle, you may consider dropping collision or physical damage coverage entirely. According to the agents at Glendale Insurance Agency, many polices pay out actual cash value which factors in depreciation, meaning you may get very little back in the event of a total loss.

Raise Deductibles

In the event of a covered loss, the deductible is the amount you would pay out of pocket before the insurance company contributes its share. Some customers prefer to raise the deductible and take the risk of paying a little more for a loss that may never happen in exchange for significant premium savings now.

Report Usage

Vehicles are rated by the amount of miles driven on a weekly or yearly basis. If you’ve recently retired or have begun working from home, you may be eligible for a lower rate. The saving are especially significant if the change comes from a youthful driver who no longer commutes to work or school or now has his own insurance.

Auto insurance is vital to being responsible on the road, both for yourself and other drivers. However, it’s always a good idea to examine ways to lower your premium.

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Can Subcontractors Drive Company Vehicles?

Can Subcontractors Drive Company Vehicles?

Can subcontractors drive company vehicles? The short answer is yes. As with all questions related to business relationships, however, the complete answer is that it depends on the circumstances and risks involved.

Circumstances

Subcontractors usually supply their own tools, rather than relying on a client to provide them. Allowing a subcontractor to drive a company vehicle blurs the line between employee and contractor, and can lead to the breakdown of a good working relationship. Situations do sometimes arise in which it is simply more convenient or cost-effective for both parties if the contractor uses a company vehicle. In these cases, the decision whether to allow it is up to you

Risks

Unless specifically named on your policy, a subcontractor is not covered by your auto insurance. Therefore, it is a good idea to ask for proof of insurance before allowing one to drive. You also should consider purchasing professional indemnity insurance, sometimes called comprehensive independent contractor liability insurance. This type of policy will protect you in case a contractor is involved in an accident that results in a lawsuit.

It is perfectly legal for a subcontractor to drive a company vehicle, and sometimes it just makes sense to do so. If you decide to allow this practice, always ask for proof of insurance, and be sure your own policies are up to date.

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