What is Non-Owned and Hired Auto insurance? As is implied by its name, it covers bodily injury and property damage caused by a vehicle you hire or caused by non-owned vehicles. Hired vehicles refer to vehicles you rent or hire and non-owned vehicles refer to vehicles owned by others, including employees.
This insurance is a very good option for business owners because they almost always find themselves in this kind of situation on occasion. Two times where this insurance could be used are if something happened when you sent an employee to pick up lunch or if you are out of town on business and rent a car. Coverage is applied if there is an auto accident and somebody sues. Even though it is highly encouraged for business owners, you can also usually purchase it on your general liability policy without owning a business vehicle.
Although Non-Owned and Hired Auto insurance is not a need for everyone, it is definitely a very good investment and could end up helping significantly in the case of an accident.
“Non-Owned & Hired Auto – Why Everyone Should Have It.” Non-Owned & Hired Auto – Why Everyone Should Have It. N.p., n.d. Web. 16 July 2015.