If you do not pay for their vehicle insurance, then it might cost you heavily.
Most employees drive their own vehicles while coming to the office or going for the work. If they are not driving at all, then there is no need to cover their vehicle insurance. But if they are outside their homes with respect to your work, be it driving to the office on a work day, or going out in relation to the work you provided, their safety becomes your concern.
As soon as the employees sit behind the wheels of their vehicle while at job, it is the business of companies to take care of everything now. For a company car, the auto insurance policy is already at place. But when it is about the employees’ car, companies don’t even bother caring about their insurance.
BUT, they should. If you as a company, are feeling this as a burden and wondering how much money would be spent on their insurance, you can also buy cheap auto insurance online. This way, you would be able to cover the risks employees expose you to, while driving their own vehicles.
What happens if insurance is not covered?
When an employee is behind the wheels, he is exposed to high risk. This is the most dangerous part of any job. Whether you are driving from home to office and vice versa, or meeting clients, you are exposed to great dangers of traveling.
Almost every 5 seconds, car accidents take place. And that can happen with your employees too. If the accident happens during the work hours, then you can be heavily sued as well. You will be held liable in case the accident occurs and the auto insurance is unable to cover the cost of injuries.
Some of the cases where this lawsuit can take place can be:
- When your employee has left home for work
- When he is traveling to home back after finishing the work
- If the client meetings are taking place at different locations and the employee has to travel every time
- When the job of an employee is to work outside the office all the time
- If the employee is going for an appointment regarding your work, and so on.
The reasons can be any, as long as you are somewhere connected when the employee is out of his home. And any accident will also cause a blow to your company.
Not only will the bottom line of your company be exposed, your reputation will also take a major blow. Your relationship with the employees might also get damaged on the way. This mess definitely needs to be avoided for the betterment of the whole company.
And for that, isn’t it better to take care of their insurance rather than indulging yourself in the lawsuits?
Employees’ Safety is your Duty
Whether you go for health insurance, life insurance, or any other form of insurance, you are protecting yourself from the uncertainties of life. As an employer, it becomes your duty to ensure that your employees are safe and secure at all points in time.
Why wait for any tragedy to occur and think that you will handle it a that time, when you can clearly avoid it. Besides, whether accident takes place or not, it is your duty as an employer to take care of your employees’ safety and well being. This rule goes without being said specially.
Spend on insurance
So, make it a thumb rule, that you will invest in your employees if you wish to see your company grow. If not, the lawsuits might cause you negative publicity, in addition to loss of money. And that would be hard to turn back. Hence, it is a better idea to start investing in the auto insurance of your employees, so that if any accident takes place, their auto insurance would be able to cover the costs that a person’s injuries would demand.
Moreover, these days, you can easily get cheap instant car insurance, which won’t even cause you burden of paying heavy money regularly. You can go for this kind of insurance for your employees and make sure they are safe, while at the same time not digging bigger holes in your pockets.
Most of the employees would already have some auto insurance with them. But if they do not have that adequately, you need to fill up for them. First understand why this inadequacy has arrived. Mostly the reason boils down to cost factor. In order to save money, employees take minimum limit of insurance.
So, to take care of everything, set a minimum value of car insurance which your employees must carry all the time. Provide some fixed percentage of that insurance by your own self, and make the employees pay the rest. If you will be cautious of their safety, your company would stay benefitted.