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Company van insurance or not?

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  • 19-08-2017 4:08pm
    #1
    The Undecided One
    Registered Users Posts: 157 ✭✭


    Hi Guys,

    Can somebody tell me if this is possible:

    A friend of mine is after becoming a sole trader - he currently has no licence as he was working abroad and let it lapse.

    I will be working with him and have a full driving licence plus about 6 years NCB earned in my own name - no car currently

    How should we go about insuring a van, does it have to be in his name and the policy in his name as well or can we use my NCB to insure it?

    I would be the only driver for the moment.

    I hope this makes sense and someone can give us some guidance.

    Thanks!


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    #2
    Mc-BigE
    Registered Users Posts: 1,033 ✭✭✭Mc-BigE


    If he's a Sole Trader, the Van is owned by the individual , as apposed to LTD company, where the Van is owned by the Company and the personal insurance policy is "handed over" to the company and replaced with a Commercial policy.

    Not sure in his case, it would be best to ring a Van insurance company and asked them to be sure, could be a matter of you buying the van and insuring it yourself for him.


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