Company Vehicle Insurance vs Personal Motor Insurance: What Businesses Must Know
A company buys cars. Now the staff are at ease knowing they have a vehicle for site visits, client meetings and more. But you can only take it after getting insurance for it. And when that time comes, you must be thinking motor insurance is the same, right? There is no difference, and that’s where many businesses take the wrong turn. Motor insurance varies according to personal and business use of the vehicle. Each of the insurances differs in terms of premium, coverage and exclusions. If you are confused about which motor insurance to choose for your company cars, then let’s break it down easily so that there are no mistakes when it's needed. Let’s start by understanding what company vehicle insurance and individual motor insurance in UAE really are. What Personal Motor Insurance Is Designed For Personal motor insurance is designed and built for individual purposes. When you buy a vehicle for your own personal needs, this is the insurance you choose to protect it. The coverage...