Hired & Non-Owned Auto Insurance

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As a business owner, you want to ensure that whenever you or your employees operate a vehicle that you are protected against potential accidents or other incidents. An accident can bring with it multiple financial setbacks. You may need to pay for repairs for the vehicle or have to purchase a new one altogether.

If your vehicle is responsible for hitting another, you may also be liable for damages to that vehicle. Passengers involved in an accident can also sustain injuries which in many instances can be severe or even fatal. The passenger may be you, your employee or those in another vehicle involved in a crash.

Regardless of who is affected, you will want to ensure that you are protected against unwanted outcomes. Hired & Non Owned Auto Insurance protects you, your employees, your vehicles and your community at large.

What Hired and Non-Owned Auto Insurance Is All About:

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What Is Hired and Non Owned Auto Insurance?

Hired & Non Owned Auto Insurance policies cover vehicles used by a business. Hired & Non Owned Auto Coverage insures a vehicle that has been hired by a company to be used for purposes related to business and the passengers inside. An example of a hired vehicle is when a company rents a vehicle for an employee who has travelled to another city to attend a meeting and needs a way to get around. By contrast, a non-owned auto insurance policy covers vehicles that are not owned by those who drive them. This type of policy will be needed, for example, when an employee of a company uses a car that is not theirs to carry out tasks related to the business. Together, these two types of auto coverage protect you and your employees against the many risks associated with operating a vehicle. These risks most notably include any damages to the vehicle or bodily injury to passengers as a result of a car accident.

What Does Hired and Non-Owned Auto Insurance Cover?

Getting into details…

Hired Auto Insurance

Protection for vehicles that have been hired by a company for reasons related to business. Example: If your employee has travelled to another city and rented a vehicle, they will be protected in the event of property damages and/or bodily injury.

Non-Owned Auto Insurance

Protection for vehicles that are used by the company but not owned by the company. Example: If your employee uses a company vehicle to carry out tasks related to business, they will be protected in the event of property damages and/or bodily injury.

General Liability Coverage

For most businesses Hired and Non-Owned auto is an addition to a General Liability policy. It excludes coverage for vehicles that are owned by the business as they should already have a full Commercial Auto policy. Hired and Non-Owned auto is often very important for delivery companies that have their employees use their own vehicles to make a delivery.

Who Is Covered by Hired & Non-Owned Auto Insurance?

  • Your Business

Do I Need Hired and Non-Owned Auto Insurance?

Any time you operate a vehicle, insurance is necessary. While you may have a basic policy that covers yourself, you may not have appropriate insurance for your employees and other passengers. If you are a business owner and have company vehicles that are used by employees to run errands or carry out other tasks related to the business, you will want to have them covered. If an individual is using a vehicle you or your company own, you will want to be protected in the event they are involved in an accident. Additionally, if you or your employees have rented a car for whatever reason related to business, you will want to ensure that the hired vehicle, the driver, and the passenger are all protected. Protection means that any damages to the hired vehicle as well as bodily injury to the driver or passengers will be covered. Finally, if a hired or non-owned vehicle is involved in an incident, there is the strong likelihood that another vehicle will also be involved. Therefore, you will also want protection for any damages to that vehicle or bodily injury to its passengers that you or your business may encounter.

Named Non Owned Auto Insurance will come in handy if:

  • Your company hires vehicles and requires coverage
  • Your company has non-owned vehicles that are used by employees that require coverage
  • You want to ensure that both hired and non-owned operated vehicles are protected against damages
  • You want to ensure that both hired and non-owned operated vehicles are protected against bodily injury
  • You want to ensure that if hired and non-owned operated vehicles are involved in an incident with another vehicle, the other vehicle is protected against damages
  • You want to ensure that if hired and non-owned operated vehicles are involved in an incident another vehicle, that any bodily injury of the passengers in the other vehicle is covered
  • You want coverage that extends beyond basic insurance policies
  • You want protection for yourself and your employees that extends beyond against the many forms of liability not included in basic coverage

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What Are the “Limits” on a Hired and Non-Owned Auto Insurance Policy?

A Hired and Non Owned Auto Insurance policy offers specific types of protections which include cover damage to property and bodily injury to passengers. This coverage is limited when the intention of operating a vehicle is not for business but rather personal. If a hired or non-owned vehicle is operated for personal reasons, the vehicle and its passengers are then liable. Your policy should be $1 Million, as requested by most contracts.

In addition to that...

Hired and Non Owned Auto Insurance can provide your business with insurance that extends beyond basic vehicle insurance, providing you with protection against the many risks associated with operating a vehicle. As a result, you, your employees and the vehicles you all operate are protected for both now and the future against unwanted outcomes.

You'll Know It's the Right Policy If It Covers...

  • If you are a business owner, and you or your employees operate a hired or non-owned vehicle and want protection for property damages or bodily injury
  • If you want a safeguard against the many risks associated with car accidents
  • If you want to protect the financial future of your business
  • If you want to protect the wellbeing and safety of yourself and passengers in a vehicle

What Does Hired and Non-Owned Auto Insurance Not Cover?

  • Personal use

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

When obtaining an insurance policy that covers both hired and non-owned auto vehicles, various factors will determine the overall costs. The age of a driver, as well as their driving record, will usually factor into the cost of insurance. However, when investing in insurance for several employees, you will want to ensure that coverage is based on the demographics of those you anticipate operating a vehicle. Whether or not you and your employees will be driving locally, internationally or both will also be a determinant of the cost of coverage. The amount of vehicles your company owns or rents and the extent to which these vehicles are operated will also matter. Given the diversity of these factors, the cost will vary greatly by the specific circumstances that a company finds themselves in.

Frequently Asked Questions

What hired physical damage covers?

If you rent or borrow a car, Hired Physical Damage coverage can pay to fix the vehicle if you are at fault in an accident. Often, businesses rent vehicles for travel or many other reasons, so it is a critical coverage to have.

What is the main distinction between a Hired Auto and a Non-Owned Auto?

Hired is for vehicles that you rent or borrow and non-owned autos usually refer to your employees. This would be if your employees are using their vehicles for work purposes, such as going from job site to job site or taking a deposit to the bank on your behalf.

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