Non-owned Auto Insurance is essential for businesses that use vehicles they do not own. This type of business insurance covers claims related to bodily injury or property damage caused by accidents involving borrowed or rented vehicles. It ensures that your business is protected from financial liabilities, offering peace of mind while your employees are on the road.
What Is Covered Under Non-owned Auto Insurance?
Non-owned Auto Insurance offers crucial protection for businesses using vehicles they do not own. This coverage typically includes:
- Bodily Injury Claims: Coverage for medical expenses, legal fees, and other costs associated with injuries to other parties resulting from an accident involving a non-owned vehicle.
- Property Damage Claims: Financial protection for damage to another person’s property caused by an accident involving a borrowed or rented vehicle.
- Legal Defense Costs: Assistance with legal defense fees if your business is sued due to an accident involving a non-owned vehicle.
- Supplemental Payments: Coverage for additional expenses such as bail bonds or loss of earnings if your employees are involved in an accident while driving a non-owned vehicle.
This comprehensive coverage helps mitigate financial risks and ensures your business can operate smoothly despite an accident.
Which Businesses Benefit From Non-owned Auto Insurance Coverage?
Non-owned Auto Insurance is particularly beneficial for businesses that rely on vehicles they do not own. This includes companies that rent vehicles for deliveries, service calls, or transport employees. Businesses like catering services, delivery companies, and maintenance providers can greatly benefit from this coverage.
For instance, an electrician’s business might lease vans to transport equipment to events. If an accident occurs while using these rented vehicles, Non-owned Auto Insurance will cover the resulting claims, protecting the business from significant financial losses. Similarly, maintenance providers who use employee-owned vehicles for service calls can rely on this insurance to handle any claims arising from accidents during business operations.
By providing financial protection against accidents involving non-owned vehicles, Non-owned Auto Insurance ensures businesses can focus on their core operations without worrying about potential liabilities.
Contact Pro Insurance Group For Your Non-owned Auto Insurance Coverage
Pro Insurance Group offers tailored Non-owned Auto Insurance solutions to meet your business needs. Our expert team is dedicated to helping you find the right coverage to protect your business from potential liabilities associated with non-owned vehicles. Our extensive knowledge and commitment to excellent customer service ensure your business is adequately covered. Contact Pro Insurance Group today to learn how we can help secure your business with Non-owned Auto Insurance.