Get the Thimble App and experience the total flexibility of your policy anywhere, anytime, in an instant. Get a Quote My Account. Partners Brokers Affiliates Certificate Manager. Log In Get a quote My Account. Backed by the best 4. Why do you need hired and non-owned auto insurance? What does hired and non-owned auto insurance cover? What does hired and non-owned auto insurance not cover?
HNOA on short-term vs. How to add an Additional Insured on hired and non-owned auto insurance How to mitigate auto risk for your small business. Share to:. Hired and non-owned auto insurance is available to businesses that want to protect their company from third-party liability for vehicles that they: Hire Lease Rent Borrow Typically, hired and non-owned auto insurance is split up into two categories: Hired autos — Autos that you lease, hire, rent, or borrow, though not from an employee, business partner, or family member.
For example, should your business rent a car to take a team from the airport to a meeting, it would be covered. Non-owned autos — The vehicle is owned by an employee or borrowed from a friend. For instance, should your employee use their car for a work errand, it would be covered from an accident since it was being used for business purposes. HNOA coverage helps pay for the damages in a work-related accident, including: Property damage — Your business hires a moving van to transport supplies to a new office.
Bodily injury — Your employee drives their vehicle to pick up lunch for a meeting. Defense and investigation of claims — You rent a vehicle for a work trip and total another car. Should the other driver take you to court, HNOA coverage will also arrange a legal defense for you. How much does hired and non-owned auto insurance cost?
In this case, non-owned auto liability will defend the business. It is important to understand this distinction between commercial auto vs.
Other examples of non-owned autos:. Hired and Non-Owned Auto Insurance is typically added as an endorsement on your general liability policy.
A fair amount of businesses are contractually required to have commercial auto, even though they do not use any vehicles for business use. This is where commercial auto vs. Errands and rental situations always come up. HNOA protects your company if it is brought into a lawsuit resulting from an auto accident involving the vehicles used in such errands. It's important to note that HNOA insurance does not cover commuting or personal errand time, even if errands are run during business hours.
Any accidents taking place during these times would be covered on the individual's personal auto insurance policy. This is a key point about commercial auto vs. Similarities Between Commercial Auto vs.
Hired and Non-Owned Auto Both provide your company with special coverage for situations encountered while conducting business. Both policies provide similar coverages such as liability, collision, comprehensive, medical payments or personal injury protection and uninsured motorist coverage.
Both also can provide more liability coverage than a personal auto policy provides. Both provide many add-ons more suited for commercial driving, such as coverage for your:. Commercial auto protects you against loss or damage to vehicles you own, plus the loss or damage your business vehicles may cause to others.
Hired and non-owned, on the other hand, covers liability for bodily injuries and property damage caused by a vehicle you have rented, leased, hired, or borrowed, up to the policy's stated limits. Most HNOA policies exclude bodily injuries to the employee. Also typically excluded is an employee's personal property damaged in an accident.
Regarding Non-Owned Auto Liability employers should have procedures in place to verify that employees have their own coverage in force. Driving records should be checked periodically and confirmed that they meet the insurance companies requirements.
Topics: Business Insurance. Privacy Statement. Subscribe to Email Updates.
0コメント