Hired and non-owned auto insurance (HNOA) is a type of insurance for small business owners who rent or lease vehicles, or ask employees to use theirs for company errands.
If you or an employee gets into an accident with a leased, rented, or personal vehicle, hired and non-owned auto insurance will make sure any resulting lawsuits won’t bankrupt your business.
Hired and non-owned auto coverage pays for legal expenses that arise when you or an employee has an accident in a vehicle that's not owned by your business. It closes a gap with most commercial auto insurance policies in which coverage is excluded for accidents involving business use of vehicles not titled to the company.
With hired and non-owned car insurance, you can have insurance protection while driving for work purposes even though your business doesn't own the vehicle.
If you or one of your employees is held liable for another person's property damage or injury, your insurance will cover attorney's fees, settlements, or court-imposed judgments.
However, hired and non-owned auto insurance does not cover:
Hired and non-owned auto insurance is available to any small business that can fulfill an insurer’s underwriting requirements, which are based on information about a company such as size and credit history, as well as prior auto insurance claims. Companies that fail to demonstrate financial responsibility and a safe driving history may be denied insurance or be charged a higher premium.
Small businesses that frequently rent cars for business travel, lease vehicles for long-term periods, or ask employees to use their personal vehicles for business errands are good prospects for hired and non-owned car insurance. So are those that often rely on employee vehicles during peak work periods.
Insureon helps small business owners compare quotes for general liability insurance and other policies from top-rated U.S. carriers. Start an application today to protect your business against car accidents and other common risks.