Hired and non-owned auto insurance is a type of insurance that provides coverage for vehicles that are not owned by the business but are used for business purposes. This type of insurance is typically used by businesses that do not own any vehicles, but occasionally need to use a vehicle for business purposes.
For example, if an employee needs to rent a car for a business trip, hired and non-owned auto insurance would provide coverage for that rental car. Without this type of insurance, businesses could be at risk of having to pay out of pocket for any damages or injuries that occur while a non-owned vehicle is being used for business purposes.
In addition, this type of insurance can help to protect businesses from lawsuits that may arise from accidents involving non-owned vehicles.
Businesses that do not own any vehicles, but still occasionally need to use vehicles for business purposes, should consider purchasing hired and non-owned auto insurance. This type of insurance can provide important financial and legal protection for these businesses.
