We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
NCD after having a company car?
Comments
-
I would have thought that as car insurance is a legal requirement they would actually need to set up a captive which would need to be adequately capitalised (or less adequately capitalised if based offshore) and approved. Not just lodge a bond somewhere.0
-
No, you can place a bond and effectively get an exception from needing to have car insurance but it doesnt absolve you of any liabilities that exceed your bond.
Section 144.1 of the RTA if memory serves me right, used to only be £15k0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.6K Banking & Borrowing
- 253.3K Reduce Debt & Boost Income
- 453.9K Spending & Discounts
- 244.5K Work, Benefits & Business
- 599.9K Mortgages, Homes & Bills
- 177.2K Life & Family
- 258.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards