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Business Insurance Vehicle
Adrian Said:
Used vehicle business question!?We Answered:
You need to rethink this business.Probably not a good idea.
In any event, you probably need a place of business, in a location zoned for business, a dealers license, surety bond and garage liability insurance.
The liability insurance alone runs $2500-3000 per year.
Its unlikely you would generate enough commissions to pay your expenses.
Stella Said:
I am in the process of starting a vehicle hire business?We Answered:
Most motor insurance companies will also offer business motor insurance. They cover taxi drivers, self-employed delivery drivers, mobile valets, etc. Many will be one vehicle companies.Contact any of the major insurance companies and explain your requirements. They should be able to help.
Dean Said:
Can my small business purchase a vehicle and have the business make all the payments and insurance.?We Answered:
Yes, your business can purchase anything it needs to operate. The cost of the vehicle then becomes a capital expenediture, and hence can be depreciated. The operating costs are a normal business expense, so they come off the bottom line too. In the end, you get a vehicle which is paid with "before tax" money, rather than "after tax" money. That reduces your overall tax bill.Go for it.
Christina Said:
As a sole proprietor of a lawn mowing business, should I keep actual vehicle expenses on or off the books?We Answered:
everything used for or by a business gets depreciation benefits at least but it is an asset and should be on the books.Stacey Said:
Do I need insurance or a business license to do freelance work for other companies?We Answered:
You may try to google it,here http://www.InsuranceFreeTip.info/insurance-for-free.htm has some direct resource that might be helpful.Danny Said:
Can I Drive A Vehicle On Fleet insurance?We Answered:
Generally speaking any employee of a company can drive a company vehicle and be covered by the fleet insurance IF the employee has a license suited to the class of vehicle being driven, and if the insurance company has added the employee as a secondary driver on the policy.Most businesses will not allow an employee with a less than stellar driving record to be added to their employment roster if the job involves driving.
Let's say you're a limo company, with a fleet of cars. Are you going to hire the person with 5 speeding tickets and 3 accidents to drive for you? Or perhaps with a suspended license?
So, back to the question, the answer is "maybe".