Expert Guides & Insurance Insights

Keeping costs down is a key consideration of any business owner and replacing a fleet of company cars with one singular pool car can be a great way to do it. As such, Insurance Revolution has put together this useful summary of the benefits of investing in a pool car for your business.

Shared business vehicles can give employees a flexible way to travel for work. They can also help a business avoid giving every employee their own company car. However, sharing vehicles creates extra responsibilities. Businesses need to know who can drive each vehicle, how employees can use them and whether their insurance still matches their needs

A pool car policy can suit a business that shares one or a small number of vehicles between employees. Fleet insurance can make sense when a business operates several vehicles and wants to manage them under one policy.

If several employees share a company vehicle, adding every driver to a policy can become difficult to manage. Any driver pool car insurance offers businesses a more flexible option by allowing eligible employees to drive an insured vehicle without naming each person individually.

Shared company vehicles can help businesses manage travel costs and support employees who need to visit customers or other work sites. However, businesses must understand HMRC’s pool car rules before assuming that a vehicle qualifies for tax-free use.

For businesses that need employees to travel for work, providing access to a vehicle can make day-to-day operations much easier. But should you give an employee their own company car, or would a pool car work better?

A pool car can help your business manage travel costs and give employees access to a vehicle when they need one. However, every pool car needs the right insurance cover before an employee drives it for work.