What is hired and non-owned auto insurance (HNOA)?
- Hired and non-owned auto insurance
This policy provides liability coverage for accidents involving personal, leased, or rented vehicles used for business purposes.
When do small businesses need hired and non-owned auto insurance?
If your small business regularly uses vehicles that it doesn't own, you may benefit from hired and non-owned auto insurance. For example, employees might run business errands in their personal vehicles or rent a car for a business trip.
This policy provides liability protection, which means it will pay for your legal costs if someone sues over an accident. However, it will not pay for vehicle repairs.
If your business owns the vehicle, then you’re required by law to carry commercial auto insurance.
HNOA provides protection for:
- Personal vehicles used for work
- Employees running errands
- Car rentals for a business trip
- Companies that lease vehicles
How do I get hired and non-owned auto insurance?
Many businesses add hired and non-owned auto insurance to their general liability insurance. You can also purchase this policy separately, but sometimes buying policies together can lower your insurance rates.
When you fill out Insureon’s online application for general liability insurance, make sure to check boxes and answer questions related to hired and non-owned auto coverage to get quotes for this policy as well.
Hired and non-owned auto insurance costs
Hired and non-owned auto insurance can be inexpensive for a small business. Several factors affect policy costs, including:
- Number of vehicles
- Vehicle type and value
- Level of risk involved
- Claims history
- Employee driving records
- Policy deductible and limits