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
- Tradesperson
- 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 individual policyholder.
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 require all policies to be accessible through 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 one policyholder.
Generally, this is done 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 to nominate a policyholder. Tick the box next to your details to ensure the policy is placed in your name. You will then be able to access and manage the policy online which includes adding or removing drivers should the employee(s) listed as drivers ever leave your business.
If you will not be driving the vehicle regularly, you may remove yourself as a listed driver while remaining as the policyholder. Please be mindful that changing driver details can change the premium.
For more information on business types we do not cover, refer to Am I covered for business use?
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 log in 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 here: Update Listed Drivers. For instructions on how to update driver details, check out 'How do I add/remove 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.
Follow the prompts to log in to the self-service account and then cancel.
For instructions on how to cancel, check out 'How do I cancel my policy?'
If the employee has left the business, and the policy needs to be cancelled, the Director may get in touch with us to organise the cancellation. This can only happen if the policy has the business name listed and the Director is identified.
The information is intended to be of general nature only. Subject to any rights you may have under any law, we do not accept any legal responsibility for any loss or damage, including loss of business or profits or any other indirect loss, incurred as a result of reliance upon the information. Please make your own enquiries.