Definition Of Hired And Non owned Auto Coverage

Understanding Hired and Non-Owned Auto Coverage

Hired and non-owned auto coverage is a type of insurance that protects businesses from liability when their employees use rented or non-owned vehicles for business purposes. This coverage can be added to your business insurance policy and will help cover the costs of any liability resulting from an accident involving one of these vehicles. It is important to understand what this coverage covers and how it can benefit your business.

What is Hired and Non-Owned Auto Coverage?

Hired and non-owned auto coverage is a type of insurance that covers businesses from liability resulting from a car accident involving an employee or volunteer who was operating a rented or non-owned vehicle for business purposes. This coverage can be added to your business insurance policy and will help cover the costs of any liability resulting from an accident. Hired and non-owned auto coverage is designed to protect businesses from liability in the event of an accident involving an employee who was operating a rented or non-owned vehicle for business purposes.

What Does Hired and Non-Owned Auto Coverage Cover?

Hired and non-owned auto coverage typically covers medical expenses, property damage and bodily injury liability caused by the employee or volunteer who was using the rented or non-owned vehicle. Depending on the policy, the coverage may also cover legal fees, defense costs and settlements related to the accident. It is important to understand the specific coverage limits of your policy as they can vary greatly.

Who is Covered Under Hired and Non-Owned Auto Coverage?

Hired and non-owned auto coverage typically covers employees and volunteers who are using rented or non-owned vehicles for business purposes. It is important to understand that this coverage does not cover the driver of the vehicle, only the business itself. This means that if an employee causes an accident while using a rented or non-owned vehicle, the business may be liable for any resulting injuries and damages.

Why Do Businesses Need Hired and Non-Owned Auto Coverage?

Hired and non-owned auto coverage is important for businesses because it can help protect them from liability in the event of an accident involving an employee or volunteer who was using a rented or non-owned vehicle for business purposes. Without this coverage, businesses could be held liable for any resulting injuries or damages.

How Much Does Hired and Non-Owned Auto Coverage Cost?

The cost of hired and non-owned auto coverage will vary depending on the type of policy and the coverage limits. Generally, the cost of this coverage is very affordable and can be added to most business insurance policies for added protection. It is important to understand the specific coverage limits of your policy to ensure that you are adequately protected.

Conclusion

Hired and non-owned auto coverage is an important type of coverage for businesses. This coverage can help protect businesses from liability in the event of an accident involving an employee or volunteer who was using a rented or non-owned vehicle for business purposes. It is important to understand the coverage limits of your policy to ensure that you are adequately protected.