What is a Business Policy?
A business policy is an insurance policy purchased with business use selected. These can be held in the name of an individual with a business name attached, or in the individual’s name only (as in the case that you are a sole trader). If you do list a business name this will appear on your policy documents as PERSONAL NAME trading as BUSINESS NAME.
There are some business types that we don’t provide cover for. These include:
- a food and courier delivery service - even if booked via an app e.g. Uber Eats
- a hire car - where it is hired out or rented to another driver or third party where you hire out the car to others to use for rideshare or any other purposes
- fleet vehicles - rented from fleet owned by companies e.g. Flexicar, GoGet, etc.
- a taxi, or
- a chauffeur service.
Business uses we do cover include:
- On road professional including salesperson, real estate agent, assessor or surveyor, or non-voluntary community service worker
- Full time nanny or babysitter
- Rideshare or Ride Hail (learn more about Rideshare here: Does Bingle Car Insurance cover rideshare? – Bingle Help Centre)
Can I register a policy in a business name only?
In short, no. Policies may have a business name listed in addition to the name of the individual policyholder, but cannot be listed in a business or company name only.
Here’s an example of how your name and business name would appear:
In this case, the policyholder’s name is Dr Bingle T. Bingleson, and their business name is Bingle.
Who can access my policy through self-service?
Even though the policy has a business name attached, the policy can only be accessed through a self-service account in the name of the policyholder listed beside the business name.
In the example above, Dr Bingle T Bingleson can access the policy through their self-service account in that same name. This includes policies in just Dr Bingle T Bingleson’s name, without the business name.
More information about accessing policies through self-service can be found in our Help Centre here: Why doesn't my policy come up when I log in? – Bingle Help Centre
I have several cars I need to insure for my business. They all have different drivers. What’s the best way to insure these so I can manage these?
If you need all the policies to be accessible through the one self-service account, or want to be able to discuss them with us should you ever need to get in touch, you will need to have them all insured under the one name.
Generally, the way this is done is by listing yourself (the Director) as a driver, alongside anyone else who will drive the car regularly.
When purchasing the policy, you will be asked who you wish to have selected as the policyholder. Tick the box next to your details. This means the policy will be in your name, and you will be able to access the policy, and change drivers around, should the employee(s) listed as drivers ever leave your business.
You may remove yourself as a driver, if you will not be driving the vehicle regularly, and you will remain as the policyholder. Please be mindful that changing driver details can change the premium.
I have insured the policy in the name of my employee. I need to access it within my own self-service account. How do I do that?
This will not be possible because the policy is not in your name. The named policyholder will need to register their own self-service account here with their own login details, or log in to their existing account and add the policy to their policy list.
My employee has left the company, and I need to remove/replace them on the policy with a new employee. How do I do that?
If you have insured the Business policy with yourself as the policyholder, simply login to your self-service account to remove the relevant driver and add your new employee as a listed driver. Changing drivers on the policy can be done via Bingle Self-Service by following this direct link here: Update Listed Drivers.
However, if you have insured the policy under the ex-employee’s name, they will need to cancel the policy in their name and a new policy will need to be started, as policies cannot be transferred from one person to another.
Your ex-employee can cancel their policy via Self-Service by following this direct link here: Cancel policy.
It will ask you to login to your self-service account After that, follow the prompts to cancel..
If the employee has left the business, and the policy needs to be cancelled, the director may get in touch with us and organise the cancellation. Be mindful this can only happen if the policy has the business name listed, and the Director is identified.