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A company car is a vehicle which companies or organizations lease or own and which employees use for their personal and business travel. [1] A take-home vehicle is a vehicle which can be taken home by company employees. Depending on the company, company cars may be available to all employees or just top-level personnel. [2]
Rideshare insurance is an endorsement added to your car insurance policy intended to avoid the coverage gap between your policy and the coverage offered by your transportation network company (TNC ...
Tax equalization is a policy applied by some international companies under which employees who are hired in one country and later accept a (temporary) assignment in another country do not have their total after-tax ("take-home") compensation changed depending on the tax regimes of the country they move to. If the employee is assigned to a ...
Policy Review: The insurance company will review your policy details and the specifics of the situation. They'll confirm your friend was a permissive user and that the use fell within the policy's ...
Compared to company cars, employee vehicles are "off balance sheet" Compared to company cars, the employer is not stuck with the vehicle if the employee leaves. Novated Lease as a Financing Option: A novated lease is a method of financing both new and used cars, allowing for payment of the car and its running costs through pre-tax salary ...
Key takeaways. A multi-car policy is not a separate auto policy but one with a multi-car discount. Depending on the company, a multi-car discount can generally save you 10 to 25 percent on your ...
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