August 19th, 2022
Whether you help with the management of a company’s fleet or you’re an employee looking to use your own leased or personal vehicle for business purposes, you’re likely to have questions about the various aspects of driving for work including costs, insurance and safety.
Here, we look leasing or driving your own car for work, alongside everything else you need to know.
First off, an incredibly important point. Whether we’re talking a company car, a vehicle leased by a company, or driving your own car for work, if it’s being used for some kind of work outside of the daily commute, the company is considered as being responsible for your safety.
HSE driving at work guidance clearly outlines what a company needs to do to keep their drivers and other road users safe and avoid potential legal ramifications should an accident happen. If you’re involved in any side of fleet management or driving, it’s something you should look at in detail.
There are really three options open to you:
If you’re driving for work outside of your regular commute, the vehicle you’re using will need business insurance.
There are four types of business car insurance in Britain:
Business car insurance can differ depending on the experience of a named driver and their driving record. However, there are certain things you can consider doing to bring down your premium:
Business car insurance can be paid by either:
At GKL we include the insurance agreement as part of the initial leasing contract, meaning you’ll fully understand the terms and accountabilities for insurance payments before anyone takes receipt of your leased business vehicle.
HMRC’s recommended amounts for fuel allowance per mile (known as approved mileage allowance payments, or AMAP for short) are:
|Vehicle type||Up to 10,000 miles||Over 10,000 miles|
|Cars and vans||45p||25p|
|Bikes (e.g. mopeds)||20p||20p|
However, any fines incurred for parking or other road violations must be paid by the employee who’s responsible for the vehicle.
We’re always happy to help answer anything you’d like to know – including explaining the ins and outs of business vehicle leasing.
Take a look at the posts below or get in touch with us to find out more.