If your business relies on employees to transfer goods back and forth between clients, it is important to ensure that you have the right coverage in the event of an accident or other unforeseen incidents. Some people have the misconception that insured drivers might be covered under their own plans or that their existing coverage automatically extends to other vehicles they may be operating. However, this is not always the case. Luckily with hired and non owned auto insurance, you may be able to fill in those coverage gaps.
Types of Businesses with Hired Vehicles
There are many types of businesses that require employees to use company vehicles for business or have employees use their own for business purposes. In these types of scenarios, regular auto insurance is likely not enough. Some types of businesses that may fall under this category include the following:
Trucking and cargo
Home or commercial delivery
Transportation services for goods
While the risks for any vehicle in transit are similar, those used for business reasons have unique exposures. By getting hired and non owned auto insurance it is easier to feel confident that the value of your goods, your business’s reputation, your employees and any clients you serve are protected. A good first step is to talk to an agent about how this type of plan can benefit your business.