Does anyone have a sample truck allowance program used in a construction company where the company does not supply a company pickup?
Would like to know if any other construction companies are providing a monthly truck allowance and if so, how do they run their programs? For example, does the employee sign an agreement that while employed by the company he will always use the allowance to buy or lease a pickup truck of a certain size and cab configuration? Is the employee required to show proof of insurance (with certain minimum coverages) is being maintained at all times. Can the employee be required to display the company’s name on the truck during all working hours (or even 24/7)? Can the employee be required to obtain a new truck every so often?