At a glance
- What it covers
- Liability for vehicles your business rents, leases or borrows, and for employees who use their own cars on company business.
- Who needs it
- Fleets that rent trucks or have staff running errands in personal vehicles.
Why You Need It
It’s common for business owners to use their personal vehicles to run a quick errand that is business related, or to ask an employee to do the same. If you have a collision and get sued, it’s possible that neither your personal insurance nor your business insurance will cover you under these circumstances: the business insurer will say that the vehicle is not covered; the personal insurer will say that business pursuits are not covered.
With respect to leased, rented, hired, and borrowed vehicles, clearly your personal insurance will not cover you; your business insurer might not either as it will argue that the vehicle was not scheduled (listed) on the policy.
What This Insurance Will Cover
Hired/non-owned insurance will provide the same coverages, limits, and deductibles that you have on your owned vehicles, and is not that costly to add to your policy.
