What Is Hired Non Owned Auto Liability Insurance?

Hired Non Owned Auto Liability Insurance, also known as HNOA, is an insurance policy designed to cover damages caused by a vehicle that your business does not own, but is hired on a short-term basis. This type of insurance is often necessary for businesses that utilize vehicles in their operations, but do not own the vehicles themselves. These vehicles may be rented, leased, or borrowed from another company or individual. This type of insurance is also a great option for businesses that have employees who use their own vehicle for business purposes.

Hired Non Owned Auto Liability Insurance provides the same coverage as a regular auto liability policy, but it covers the vehicle for a much shorter period of time. This type of insurance is often necessary for businesses that use vehicles on a short-term basis, such as a delivery service, shuttle service, or car rental service. It also provides coverage for drivers who may be using their own personal vehicle for business purposes. HNOA is an important part of any business’s insurance package, as it will help to protect the business from any liability resulting from the use of a vehicle that is not owned by the business.

What Does Hired Non Owned Auto Liability Insurance Cover?

Hired Non Owned Auto Liability Insurance covers the same basic types of liability as a regular auto liability policy. This includes bodily injury, property damage, and medical payments. This type of insurance also covers any legal costs that may be incurred due to an accident involving the vehicle. HNOA will also cover any additional costs associated with the accident, such as towing, storage, and vehicle repair.

When Is Hired Non Owned Auto Liability Insurance Necessary?

Hired Non Owned Auto Liability Insurance is necessary for any business that utilizes vehicles, but does not own them. This type of insurance is often required for businesses that use vehicles on a short-term basis, such as a delivery service, shuttle service, or car rental service. It is also necessary for businesses that have employees who use their own vehicle for business purposes. HNOA is an important part of any business’s insurance package, as it will help to protect the business from any liability resulting from the use of a vehicle that is not owned by the business.

How Much Does Hired Non Owned Auto Liability Insurance Cost?

The cost of Hired Non Owned Auto Liability Insurance will vary depending on the type of vehicle being used, the amount of time it is being used, and the amount of coverage needed. As with any type of insurance, it is important to shop around and compare policies to find the best coverage at the best price. It is also important to remember that HNOA is a short-term policy, so it may be more cost effective to purchase a longer policy if the vehicle is going to be used for an extended period of time.

Conclusion

Hired Non Owned Auto Liability Insurance is an important part of any business’s insurance package. It provides coverage for vehicles that are not owned by the business, but are hired on a short-term basis. This type of insurance is necessary for businesses that use vehicles on a short-term basis, such as a delivery service, shuttle service, or car rental service. It is also necessary for businesses that have employees who use their own vehicle for business purposes. The cost of HNOA will vary depending on the type of vehicle being used and the amount of coverage needed, so it is important to shop around and compare policies to find the best coverage at the best price.