Non Owned Auto Coverage Ontario
Understanding Non-Owned Auto Coverage in Ontario
Non-owned auto coverage is an important type of insurance for any business that requires its employees to drive their own vehicles for business use. Whether your business requires employees to travel out-of-town for work or simply asks them to run errands in their own vehicles, non-owned auto coverage provides important protection against liability in the event of an accident. In Ontario, non-owned auto coverage is available through most major insurance companies, but it is important to understand the details and coverage limits before purchasing a policy.
What Is Non-Owned Auto Coverage?
Non-owned auto coverage, also known as “hired auto coverage” or “hired and non-owned auto coverage,” is a type of insurance that provides liability protection for businesses when their employees use their own vehicles for business activities. This coverage also applies when employees are hired, leased, or rented vehicles for business use. It is important to note that non-owned auto coverage does not provide any coverage for the employee's vehicle. The only coverage it provides is for any liability the business may be responsible for in the event of an accident.
What Does Non-Owned Auto Coverage Provide?
Non-owned auto coverage typically provides liability coverage up to the policy limits. These limits are usually set by the insurance company, and they can vary from one policy to another. Generally, the coverage limits for non-owned auto coverage are usually much lower than those for a typical auto insurance policy. This is because non-owned auto coverage does not provide coverage for the actual vehicle, only for any liability the business might be responsible for in the event of an accident.
Do I Need Non-Owned Auto Coverage?
If your business requires employees to use their own vehicles for business activities, then it is important to have non-owned auto coverage in place. Without this coverage, your business could be held liable for any accidents that occur while employees are using their vehicles for business purposes. Non-owned auto coverage can also provide peace of mind to employees, as they know that their employer is taking extra measures to protect their vehicle in the event of an accident.
How Do I Get Non-Owned Auto Coverage in Ontario?
Non-owned auto coverage is widely available in Ontario through most major insurance companies. When shopping for non-owned auto coverage, it is important to compare the coverage limits and premiums offered by different insurers. It is also important to read the policy carefully and make sure that you understand all of the coverage details. Once you have chosen the right policy for your business, your insurer should be able to provide you with the necessary documentation to ensure that your employees are properly covered.
Conclusion
Non-owned auto coverage is an important type of insurance for any business that requires its employees to use their own vehicles for business purposes. In Ontario, non-owned auto coverage is widely available through most major insurance companies, but it is important to compare coverage limits and premiums before purchasing a policy. If your business requires employees to use their own vehicles for business activities, non-owned auto coverage can provide important protection against liability in the event of an accident.