Company vehicles being used by other employees, so company pays employee mileage to use their personal vehicle to do a field job. Is mileage for coverage of gas and wear and tear only, or for insurance as well?
2006-10-14 00:47:07 · 5 answers · asked by Susan 5 in Cars & Transportation ➔ Insurance & Registration
Insurance follows vehicles, so if you have an accident, your liability insurance will cover someone else's damages if you're at fault. However- if you get sued, your company will be named as well because you were in the scope of your employment and acting as their agent when this happened. Your carrier may also re-evaluate your rating or cancel your policy if they find out you use it for business.
Not sure what to tell you about the mileage question- I couldn't follow it.
2006-10-14 01:23:26 · answer #1 · answered by Chris 5 · 1⤊ 1⤋
If it is your car, you are liable for the damages as you are responsible for the liablility and full coverage. If you are at fault, your insurance must cover everything. Although the other party can also try to sue your parent company, in the end, the fault will fall to you.
2006-10-14 03:29:49 · answer #2 · answered by cmpbush 4 · 0⤊ 0⤋
Many companies say in there policies that you should carry a certain amount of liability insurance on your car, so you would have to check if some formal policy regarding that is in place, however, I do believe that your company could be sued regardless in the situation you describe. To further complicate this, your own insurance may decline to cover the claim if you did not advise them that you occassional use your vehicle for work.
2006-10-14 01:17:39 · answer #3 · answered by victorschool1 5 · 1⤊ 1⤋
You are liable. Additionally the insurance company may drop you if you haven't informed them that you are using your vehicle for business purposes, as that generally requires a higher premium to cover the increased risk.
2006-10-15 11:21:26 · answer #4 · answered by Chris F 3 · 0⤊ 0⤋
the business business enterprise can say you ought to apply your human being vehicle. they could be able to reimburse you for mileage, and frequently will. so a concepts as coverage is going it truly is your duty to pay for that. if you're inquisitive about an coincidence it truly is likewise your human being duty to seem after any and all damages. because the business business enterprise does no longer be to blame for that. you are able to properly be ready to jot down off a number of your prices so a concepts as coverage at the same time as it includes tax time, you would possibly want to opt to talk consisting of your CPA to be ready to ensure if it truly is authorized or no longer.
2016-12-04 19:50:46 · answer #5 · answered by ? 4 · 0⤊ 0⤋