ISU Sander Jacobs

Why Your Business Needs Hired & Non-Owned Auto Liability Insurance

Commercial LinesWilfred Ovid OcampoComment
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Regardless of the industry your business operates in, it's likely that you or your employees may need to operate vehicles for tasks such as client visits, deliveries, and miscellaneous errands. It's also likely that as a small or medium-sized business, you and your employees may be using your own personal vehicles for these business-related activities.

Larger companies may have the luxury of providing company-owned vehicles which would be covered in their business auto policies. But for all businesses, regardless of size, they are still liable for any accidents that may occur in a business-related trip whether it's a company or personally-owned vehicle. Hired & Non-Owned Auto Liability will provide you coverage in this event and offers the following benefits:

LIABILITY COVERAGE

If you or your employees get into an accident while using a personal or rented vehicle for business purposes, Hired & Non-Owned Auto Liability policies transfers that risk to your insurer. Although this coverage protects your business and will pay for your business' legal costs in a claim, it's important to know that this coverage does not protect your employee.

EMPLOYEES OF ANY STATUS

Hired & Non-Owned Auto Liability policies extend to all of your employees regardless of whether they work full-time, part-time, or temporarily. If your organization hires seasonal employees or additional employees on occasion, this policy is useful as all employees are automatically included in coverage.

BROADER PROTECTION

Non-Owned Auto Liability policies may offer coverage that extend beyond basic general liability and business auto policies to ensure that your business isn't held accountable following an accident. This policy allows your employees to rent vehicles or use personal vehicles for work so that you're not limited to using only company-owned vehicles.


It's common for employees to use their personal vehicles or rent vehicles on occasion for business-related activities so having Hired & Non-Owned Auto Liability coverage is critical to operate a successful business - when you're ready to take the next steps in obtaining coverage, contact ISU Sander Jacobs Cassayre to consult with a broker and learn about your options.