Car insurance premiums pushed up by £30 a year because of £2.4m daily bill to ...
22.05.12
James Dalton, the ABI's head of motor and liability insurance, said: ‘Since its introduction in 2010 the fast-track process for settling lower-value personal injury claims has led to significantly quicker compensation pay-outs. But the fixed costs in the process remain too high.
‘The UK's compensation system is riddled with disproportionate and excessive legal costs, often exceeding compensation awards. This means higher insurance costs for motorists and businesses and a heavy cost burden on local authorities and the NHS’
Mr Dalton added: 'The Government must press ahead with the much-needed reform of our dysfunctional compensation system, which, together with the ban on the selling on of personal details of potential claimants, will enable solicitors' fixed fees to be reduced to more realistic levels.
‘Lower legal costs will help bring down the cost of motor insurance for all drivers.’
In November the Daily Mail revealed how rising bogus whiplash claims at the rate of 1,500 a day are adding 90 to the average car insurance policy – despite a drop in accidents.
George Kocar's letter to the editor on Sunday raised the popular canard likening mandated auto insurance coverage to the mandate for all to acquire health insurance under Obamacare. But the legal mandate does not require drivers to have insurance for damage to their vehicles or to themselves. The auto insurance legislative mandate is solely for the protection of others who might be injured and their property damaged by a driver's operation of a motor vehicle.
Also, significantly differentiating Obamacare mandated coverage from auto coverage is that Obamacare applies to all, while mandated auto insurance applies only to those who wish to have a license to drive and/or own a motor vehicle -- decisions each individual is free to make.
As for Kocar's comment on coverage of pre-existing conditions, would he suggest that auto insurers be required to retroactively provide insurance to cover an accident that has already happened? Yes, there have been instances of abuse by insurance companies in denying coverage, but America did not need some 2,000 pages of legislation to address that.
Business Car Insurance | car business insurance | business car insurance quote
www.1st-car-insurance-quote.co m Business Car Insurance - Safeguard Your Employees and Business There are employees that work for businesses in any ...
Will my insurance cover my business vehicle?
Jan 29, 2008 by Just Me | Posted in Insurance & Registration
I purchased a car for my business. I had no credit for my business (inc.) so I had to cosign for the vehicle and get it on my credit. When the vehicle was insured I used my personal insurance. If I get into an accident, will my insurance cover it? I believe the vehicle is registered to my business
No, if the car is used for business purposes it must be under a commercial policy to have coverage. They are sticklers about this, so make sure you get a commercial policy ASAP.
Nate W | Jan 29, 2008
No, if you have Personal Insurance and you are using your vehicle in business it will not be covered. You need to get Commercial Insurance. Your insurance agent will be able to help you further.
moonchaser469 | Jan 29, 2008
No, your personal account will not cover commercial use. You need a commercial policy on it.
oklatom | Jan 29, 2008
hiya:
you absolutely need to have commercial coverage for your business vehicle.
personal auto coverage excludes business vehicles.
an agent will be able to help you know what kind of coverage you need.
~jifr!
Jifr | Jan 29, 2008
depends what you use it for. do you deliver pizzas? then no. do you drive it around with clients as in a realtor? then yes, possibly so. call your agent and they can tell you if you need to write it over to commerical. there ARE certain circumstances you can leave it on a personal policy.
Queen B | Jan 29, 2008
If the vehicle is in the business name, you have to have a policy in the business name. Your personal insurance is for only personal vehicles in your personal name. Go get a business auto policy today! Since you can't insure something you don't own, in this case the business owned vehicle, there is NO coverage on your personal policy, even if you pay the premium.
Also, the business auto policy has endorsements that protect the business (hired & nonowned & drive other car coverages, etc) that are not available on the personal auto policy. Be sure to buy these too.
Call your agent that has your business insurance & get a business auto policy.
Sue | Jan 29, 2008
Nope.
You will need to contact your agent about getting an appropriate policy for the business vehicle.
MSAD | Jan 30, 2008
Is is possible for my insurance to cover business-related accidents?
May 26, 2009 by TVS1640 | Posted in Insurance & Registration
I recently got a job with a non-profit where I am responsible for transporting kids places in my car. I am on my parents' insurance, which is full coverage. Is it possible, in case of accident injuring my passengers, for my parents to be sued and lose assets as a result? Or, does my insurance cover it...even though it's not outlined for business purposes in my policy?
If you were responsible for an accident they can and most often would be sued and be held liable for the injuries and damages. Plus pain and suffering and everything else. If you were responsible for the accident, the insurance company would pay damages up to the policy limit and defend your parents in court. But if they have $100,000 dollars or $300,000 dollars per occurrence policy limit and the injuries and all amount to $500,000 dollars, guess who pays the difference. Your parents..... However you Employer, the Non - Profit will also be named and sued. They should have a Master Policy of their own that would cover them for this exposure along with everything else associated with the operation. There is a way for the Business Policy to extend and become Primary by Endorsement in a situation like this and limit your parents exposure.
Two areas of advice, make sure your parents policy has a liability limit of at least $500,000 or $1,000,000 dollars, and that your employer the Non - Profit has this endorsement in their Liability Package extending it to cover an employee in their own car while working for the employer. Not the employers policy covering the employer, but the employers policy extending and covering the employee them self. There is a difference. In this case that would also mean covering your parents as they are the Registered Owners of the car. It is a common endorsement and readily available. If they don't have it and won't get it, you need to quit right away or make them sign a Hold Harmless Agreement naming you and your parents and releasing them from any and all liability associated with your employment with them and give you a copy. Hope this helps you out
cropguy | May 27, 2009
It all depends on your insurance company and your policy. some companies do offer policies like that.
Luis L | May 26, 2009
It will depend on how your insurance company defines "business or commercial use". It is possible that in an accident as you described, your insurance coverage would be void. Make sure you have the proper coverage to protect yourself in such a situation.
Scott H | May 27, 2009
The policy has to be rated for business use, this is assuming, of course, that you are not receiving any money or compensation for transporting kids in your vehicle. You must make this change prior to commencing the work or you risk having the insurer deny any claims for failure to report a material change in risk. You and your parents should also consider increasing the liability limit to as high as you can afford or taking out an umbrella liability policy should you get into an accident and your limit are insufficient to cover all of the damages/injuries.
Gambit | May 27, 2009
There is no absolutely sure answer for your question.Nevertheless,explorer the resources here http://www.Autoinsurancepro.info/auto-in surance-free.htm might offer you some tips.HOpe it helps.
CAROL C | May 27, 2009
autoinsurance.noneto.com - try this one. I have their car insurance and, as I know, they can provide such a service.
Wing | May 29, 2009
What kind of car insurance policy would I need to cover 3-5 cars, with multiple drivers for each car?
Aug 06, 2006 by snaab02 | Posted in Insurance & Registration
The cars would be very high end. 5 people and their partners would need to be covered for each car. The policy would need to cover just about everything. I'm starting a business, and need info. on insurance coverage, what type of policy would be best; standard, umbrella etc. Any suggestions would be appreciated.
You need a commercial auto policy with each driver and vehicle listed. The agent will need all info for each driver (name, dob, dl#) , the vehicle info ( year, make, model, vin). Also, if the vehicles are titled in your business name or personal name. Also, need to know the specifics of the business; such as name, are you hauling something or performing a service, what you will be doing in the business and approx. how many miles radius you will be traveling, what states will you be going in, and any prior experience in this line of business. To cover the vehicles and drivers this is what you will need. It will be rated on the specific details of your business and how much coverage you need. Specify if any of these vehicles will be used for personal use by these drivers, too. Hope I have been of help to you.
jlynna10 | Aug 06, 2006
full coverage on all of them cuz if anything were to happen you would get the amount that the car is worth back
shawn b | Aug 06, 2006
a commercial policy for multiple drivers
okiewenee | Aug 06, 2006
I have scratched the rental car during the business trip.?
Sep 18, 2007 by Lexie | Posted in Insurance & Registration
I am on business trip and my company pays for rental car. But no insurance (CDW) thru the rental car. My company says any vehicle that employee rents for business is covered by the corporate insurance.
Now, I have scratched the rear door very bad against construction barrier (concrete block). The corporate insurance should cover for the damage.
My question is; does it affect my own personal insurance premium? Looks like I have to fill out a claim form with my DL# and own personal insurance info, too. And I am concerned this accident will leave a record on me? and cause a higher premium on my own insurance for the next few years? although it was a rental car and the damage will be paid by my compnay's corporate insurance?
Does anyone know? Thanks.
No it won't be on your record as the company insurance will take care of this, they just need your details as you were the driver at the time of accident. They might ask you to pay the excess.
zeon2b | Sep 18, 2007
Does my car insurance cover it or will I have to pay out of my pocket?
Dec 10, 2007 by AMCFilmCrew | Posted in Insurance & Registration
My car was keyed at my college last Thrusday, I did file a police report but I have to wait 7-10 business days... I have a 1000 dollar deductable and when I went to Sidners collision center they said it would cost between 2000-3000 dollars.. I have AAA so they also said I would get a discount since I have AAA. I was wondering I dont have a witness and no one is at fault does that mean that my insurance wont cover it and I will have to pay it all myself? BTW no i dont have vandalism coverage.....
I have a suspicion that one of my friends did it.... because he saw me in the skool parking lot that morning, he probably saw where I parked.. he likes me and he know I have a boyfriend... he knows my car, and that night in our math class AFTER I TOLD HIM MY CAR WAS KEYED he told me he keyed some girls car after she cut him off..... he didnt descirbe the car he keyed and then the more I talked about it the more he laughed. Then I showed him the damaged and he laughed more and said "Someone was pissed off at you" but the thing is I dont know anyone who has a problem with me and I dont have a problem with anyone.
if you have "comprehensive" coverage then you are covered, that covers fire, theft and vandalism. however, you will have to pay the $1000 deductible out of your pocket, which if it costs $3000, isn't bad, you only have to pay a third. you may want to weigh the odds of placing a claim though, it can make your rates go up and may end up actually costing you more in the long run rather than paying for all the damage out of pocket. talk to your insurance agent/claim representative, they will explain everything to you. good luck!
