Salary sacrifice overcomes grey fleet problems, says Tusker
That's the view of Tusker following the recent publication of a survey by Trimble, which showed that more than 50% of company motorists could be driving with inadequate insurance, leaving their employers exposed to liability if they were involved in a crash.
The study discovered that 72% or respondents used their own vehicles for work, but 57% did not realise they needed to carry extra insurance cover beyond the standard social, domestic and pleasure cover.
However, with salary sacrifice schemes such as Tusker's employees who opt for a new car are automatically covered for business use for the named driver and their domestic partner and the premium is built into the monthly rental. However, companies can opt out of including insurance in the scheme should they so wish, if they are self-insured for example.
As well as providing full business insurance, the SS4C scheme also provides full service, maintenance and repair work in line with the manufacturer's warranty, along with other benefits including replacement tyres and breakdown cover. Regular reminders are sent out to employees when their vehicles are due for servicing, along with driver licence checks and road fund licences.
'A salary sacrifice scheme, like SS4C, tackles grey fleet management issues by replacing older cars with newer, less-polluting and better maintained models. It also meets duty of care and Corporate Manslaughter concerns and introduces mandatory licence checking. And by automatically providing business insurance, the scheme ensures that the company and its employees are fully covered,' said Tusker marketing manager, Vicky Anderson.