I have a half dozen company cars in use by executives and sales people. What makes insuring them any different from insuring my own car?
Risk Even a small accident in a company car – or an employee in a personal car on company business – potentially puts your business assets at risk in case of lawsuit. That means you need the appropriate coverage limits to protect your company’s bank account, not just your own. Type of Vehicle You may own your vehicle, but your company cars may be leased or financed. That means different requirements for auto insurance coverage mandated by your bank, financing company or leaseholder. Savings Insuring more than one car with GMAC Insurance means multi-vehicle discounts. Insuring half a dozen cars – or more – on the same policy can mean tremendous savings. To learn more, give us a call at 1-800-847-7488 or contact your local agent.
Related Questions
- Can a fledgling nonprofit organization with half a dozen employees challenge the largest software company in the world?
- Are sales of shares by executives and directors of a public company subject to any securities-law restrictions?
- Ive read of people running classics as their company cars - why do they bother?
