Posted On : 3rd Mar, 2017
Insurance excess deductions for company car drivers
Our current fleet policy states that company car drivers have to pay our motor insurance policy excess (£250), for all accidents which are their fault. I believe this has resulted in accidents either not being reported, therefore increasing end of lease repair costs, or, accidents are reported as ‘damaged whilst unattended’. We are currently reviewing our policy and I am interested to know what other companies do? Is it best practice to charge the driver at all? are there other processes we should be considering? Any feedback would be much appreciated.
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