B2Z Offers Hired And Non-Owned Automobile Insurance (HNOA)
Small businesses sometimes rely on their employees to provide transportation via their personal or rented vehicles for business purposes. However, if you or your employee causes an accident, your business could be liable for third-party damages totalling thousands or more. In those scenarios, HNOA coverage can provide both liability for bodily injuries and property damage. Do you need this coverage for your small business? What does Hired And Non-Owned Automobile insurance typically cover or not cover? We’ve done the research for you below.
What You Need to Know About HNOA Insurance
- QWhat is Hired And Non-Owned Automobile Insurance?A
HNOA can protect your business from losses involving vehicles that are driven for business purposes but are personally owned by your employees or rented by your company or employees.
- QWhy do I need Hired And Non-Owned Automobile Insurance for my small business?A
If you rely on your employees to drive for your business duties and they perform those duties in their personal vehicle or a rented auto, you should consider HNOA coverage for your small business.
- QHow does Hired And Non-Owned Automobile Insurance work?A
After you purchase HNOA coverage, you pay a monthly or annual premium (based on the limits chosen and the business details provided). Policy documents are made available to you and represent the contract between you and the insurance company. When your business experiences a coverable event, submit all relevant details with your claim through the B2Z Portal. The insurance company will then consider your limits, deductible, and the claim amount.
- QWhat does a Hired And Non-Owned Automobile Insurance typically cover?A
HNOA provides coverage for the following: medical expenses and property damage claimed by third-parties; as well as, legal fees associated with any claims and/or judgements. What is covered by this coverage will be fully detailed in the policy documentation.
- QWhat doesn’t a Hired And Non-Owned Automobile Insurance typically cover?A
HNOA does not cover vehicles that are owned or regularly operated by your business; or damage to the hired or non-owned automobile (this is generally covered by a personal auto insurance policy or rental car agreement).