What is non-proprietary and rental car insurance coverage?

What is non-proprietary and rental car insurance coverage? -

This is a client by Geoff Gordon, Director at Gordon Insurance Agency, a member organization of the Renaissance Alliance. It is a position that has been previously selected on commercial insurance Blog Geoff Gordan.
This coverage is used to provide the motor vehicle liability protection used in your business that are not owned, rented, leased, rented or borrowed by the company. This includes automotive employees and subcontractors that are used on behalf of your company.
is an example. A salesman is on his way to an appointment. They drive their own car, not a company car. But on the way to the appointment, there is an accident. Someone was injured, and the employee was at fault.
What your employee has a lot of personal insurance or not, the chance of the company to be led in the trial that is bound to follow is high. Even if you had checked your personal auto insurance salesman, but especially if they do not have high limits, the company is likely to be continued.
Non-Owned auto liability is the name of. insurance that will defend the company
You do not need a seller fast driving to need this coverage: in our business, no company cars. The president leads a personal vehicle, as does each employee. So it is when employees are there to bank runs, pick up mail, file documents to customers and other business tasks, while using their own cars and trucks. In other words, in vehicles belonging to non-employers.
Because employees are really your business, especially while on the volume of business, their conduct can be your risk.
Cover Automobile leasing is his cousin. This cover is used to protect against liability claims resulting from the use of hired vehicles, leased, rented or borrowed by you or your employees, while in the normal course of business. Keep in mind that this is liability coverage, and separate from the coverage for damage to rented or leased vehicle. (This is called non-owned and hired physical damage).
This coverage is usually included in a business auto policy when there are vehicles in the company, but it can be added to most policies "package" when no automobile insurance policy business exists. It is not necessary for owners only business owner with no employees, because a business owner is the owner of the vehicle, and there is no non-owned vehicles.
This is commercial insurance coverage, not available on a personal auto policy. The cost ranges from $ 50 to $ 125 per year, according to the limits, the number of employees, and if it is part of a business auto policy or a package.
For more information on organizing your insurance so that the little things are not lost in the details, contact your independent agent!

Tweet