& Hired Auto - Why Everyone Should Have It
& Hired auto liability covers bodily injury and property
damage caused by a vehicle you hire (including rented or borrowed
vehicles) or caused by non-owned vehicles (vehicles owned
by others, including vehicles owned by your employees).
usually does not pay for physical damage to the vehicle itself;
that's covered by the owner's insurance. Although this option
is sometimes available.
you realize it or not, as a business owner, you at least occasionally
find yourself in situations where this coverage is needed.
Errands and rental situations always come up.
send an employee to pick up lunch.
on a business trip, you rent a car.
impress a visiting client, you send a limo to have him picked
employee runs to pick up office supplies.
kicks in if there is an auto accident and you are sued.
don't have to own a business vehicle to have this coverage.
In most situations, coverage can be added to your general
bonus: If you rent cars occasionally, having hired and non-owned
auto liability insurance may save you money because you can
avoid buying the liability coverage from the rental company.
However, we always suggest
you purchase collision damage waiver (CDW) protection from