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Jun 11, 2009 12:40 PM by
riskman1
Yes you can in regards to the insurance portion it is important not only to have an agreement on file but to also list the party on the approriate policy.
If your auto policy is a business auto policy insuring your personal auto you best make sure you are listed as additional insured and loss payee no different than any lein holder!
Example : if you own the car and insure it through the co and ther is a loss and the proper docs are not done you may lose all claim.... why? There is no insurable intrest in that car under the plicy guidelines!
Also by leasing it to the co the company can pay the insurance paymnet maintain the car etc.. as line item costs..... if you use it personally the miles as compensation may come into a factor as far as compensation on that I would seek an accountant
If your auto policy is a business auto policy insuring your personal auto you best make sure you are listed as additional insured and loss payee no different than any lein holder!
Example : if you own the car and insure it through the co and ther is a loss and the proper docs are not done you may lose all claim.... why? There is no insurable intrest in that car under the plicy guidelines!
Also by leasing it to the co the company can pay the insurance paymnet maintain the car etc.. as line item costs..... if you use it personally the miles as compensation may come into a factor as far as compensation on that I would seek an accountant
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