Your clients rely on you to provide them with the soundest legal advice possible so that they can then make good decisions about their lives and careers.
People who come to you and ask for your guidance when it comes to buying a company car can benefit if you tell them about both the pros and cons of this kind of business investment. Using the information you provide them, your clients can then gauge whether or not to go ahead and buy a vehicle that will be used by the company’s employees. A qualified, experienced professional such as a Tampa accident attorney is aware that clients may benefit from knowing about the following details.
Finding insurance that will safely cover everyone who could possibly drive the company car can be a challenge. Some employees may have stellar driving records while others may have infractions that prevent them from being fully insured by an insurance company. If your client wants to purchase a company car, he or she may consider whether or not everyone at the business can be safely covered by an auto policy. If an employee has a bad driving record, it could be unwise to insure that individual to drive that car. It may make better sense for the client to allow employees to use their own cars rather than risk having a claim made against the company’s policy.
While the client may face a dilemma when it comes to buying company insurance, he or she could benefit by keeping employees on the company’s time clock as they drive the car. He or she may be unable or unwilling to pay employees who are driving their own cars while out on company business. When employees are driving a company car, however, that individual may feel better about paying these people for their time. With that, investing in a company car can help your client with keeping employees on company time for longer periods of time throughout the work week.
Damage to the Car-Con
As with any vehicle, the company car could be susceptible to being damaged. If your client pauses at the thought of paying for scrapes, dings, and cracks caused by employees hauling around equipment or misusing the vehicle, you may advise against investing in a company vehicle.
Over time, these small amounts of damages can add up to big repair bills. If your client wants to save money on these costs, it could be more advisable for people at the business to use their own cars when it comes to daily wear and tear.
An advantage of having a company car includes your client putting forth a professional appearance while driving the vehicle. A company car that bears the client’s name or the name of the company can help your client market their company and establish a more professional reputation in the public arena. Employees who show up to company appointments in older, unkempt vehicles could give the wrong impression to customers.
Several benefits exist for people who may want to invest in cars for their companies. On that same note, however, they may also base their decision on the known disadvantages to this investment. Your counsel and an overall intelligent assessment of these pros and cons can guide your clients in the right direction on this matter.
Freelance author J.L. Williams appreciates sharing information which can help make life less stressful for others. She routinely researches information from sites like that of an experienced Tampa accident attorney like Williams Law Association, P.A. for the purposes of providing valuable information to readers.