Hired and Non-Owned Auto Insurance
Relying on the employee’s own auto insurance is risky, so a good policy can protect you
Many food service businesses rely on employees to use their personal vehicles for deliveries, transportation, and business-related errands. Employees providing their own transportation can be convenient, but it’s also an additional liability exposure.
Regardless of if your employees run an occasional errand or are regularly delivering goods for your business in their personal or rented vehicles – you need to protect your company from potential claims due to accidents. Relying on the employee’s own auto insurance is not only risky, but it likely wouldn’t hold up in court – even though your employee may be at fault, they were acting on behalf of your business and that makes you at least partially liable. With a Hired and Non-Owned Auto policy, you can protect yourself and your employees with a single policy.
Key Benefits & Features
A Hired and Non-Owned Auto policy will strengthen your overall General Liability Coverage and help protect your food service business from the negative financial impact of auto accidents – one of the leading liability exposures for small businesses.
Hired Auto Coverage
Relying on car rental agency point-of-sale liability insurance is not only expensive but doesn’t cover physical damage to the rented vehicle and rarely offers enough coverage to adequately protect your business. You can make sure you have all the protection you need with your own customized Hired Auto Insurance policy.
If you or your employee is in an accident and found personally liable for damages or injuries, your Personal Auto Insurance policies would apply, and your company’s Hired/Non-Owned policy would supplement the coverage.
Non-Owned Auto Coverage
Non-Owned Auto coverage protects your food service business from accidents and liability exposure that can happen while an employee is driving their own vehicle during company-related errands, deliveries, or travel. In the event of a lawsuit or claim for damages or injuries, Hired and Non-Owned Auto Insurance would step in and cover your business up to the policy coverage limits.
As with Hired Auto Coverage, in the case that you or your employee is found personally liable for an accident, Hired and Non-Owned Insurance coverage is supplemental to your Personal Auto Insurance policies.
Legal Defense Coverage
Auto accidents are a hotbed of liability exposure. From personal injuries to property damage – a single accident can be very expensive to correct, and that’s before the added cost of a potential lawsuit.
Even if a claim is brought against you without merit, you could face huge costs just to fight it. From defense fees and court costs to whatever loss you may incur from an interruption in your regular business, a single lawsuit can cost hundreds of thousands of dollars, and that’s before your actual liability is even determined. With a Hired and Non-Owned Auto policy, most legal and defense costs are covered.
Don’t expose your food service business to unnecessary risk from auto accidents. Protect your company and your employees with a Hired and Non-Owned Auto policy, contact us for details.