Over a fifth (21%) of business car travellers in the UK are not buying excess car hire cover because they say it's their company's "responsibility" to pay the bill if something happens to the hire car.
This means thousands of business travellers are leaving their companies liable for up to £2000 every time they hire a car, and if it gets damaged or stolen (even if it's not their fault), said a new YouGov survey commissioned by iCarhireinsurance.com, a leading provider of car hire excess insurance.
Equally, 12% of business travellers said they don't worry about extra costs like excess cover as they put it on their company credit card. A car hire excess waiver bought direct from a car rental company is approximately £17 a day compared with £2.99 per day for an EXCESSIBLE corporate policy from iCarhireinsurance.com.
"Many business travellers are risking high excess claims by not having car hire excess insurance," said Ernesto Suarez, founder and CEO of iCarhireinsurance.com, "and those that do probably think nothing of buying the expensive cover available from the rental desk as it's not their money. Companies could be saving hundreds of pounds by buying their excess policies in advance from a specialist provider, like iCarhireinsurance.com."
Regular business users who hire a car can also buy an annual policy from just £39.99 for unlimited trips.
iCarhireinsurance.com policies also provide cover to vulnerable areas like the windows, tyres, windscreen and undercarriage which the rental companies' policies usually exclude.
"It only takes one team member to rent a car for three days and avoid paying £17 a day insurance at the rental desk for our annual policy at £39.99 to have paid for itself," said Ernesto Suarez, founder and CEO of iCarhireinsurance.com. "Always buy before you fly."
The insurance policies can also be used by employees for business or leisure.
Car hire insurance policies are available for Europe, USA and Canada, or Worldwide. Visit iCarhireinsurance.com for more details and to obtain a quote.
For more information please contact:
- Or Ben Wooltorton, Sales and Marketing Director, Halo Insurance Services Ltd
* YouGov Survey: All figures, unless otherwise stated, are from YouGov Plc. Total sample size was 2,058 adults, which 191 had hired a car in the UK for business use. Fieldwork was undertaken between 18th and 20th April 2012. The survey was carried out online. The figures have been weighted and are representative of all GB adults (aged 18+)