In their day-to-day operations many different types of businesses use automobiles they do not own. This covers vehicles that are rented (hired) and vehicles that are not owned by the company (non-owned), but by its personnel. A typical car loss exposure comes along with the usage of these automobiles. Still, many owners of businesses aren’t aware that this jeopardizes their company’s assets until it’s too late.
What Is Hired Auto Coverage?
Vehicles utilized in business conduct and obtained by leasing, hiring, renting, or borrowing are referred to as “hired cars.” Vehicles that are not considered hired vehicles include those that you hire, rent, lease, or borrow from your workers, partners, limited liability company members, or household members.
If you rented a car for business reasons and were involved in an accident because of that rental, hired auto coverage in Atlanta might assist in covering the expenses of a potential lawsuit brought against your company.
What Is Covered?
When driving for work, hired insurance protects you and your workers from legal responsibility for any property damage or injuries that may be caused by your actions or those of your employees. If your company is sued for carelessness following an automobile accident, the Get in the Ring policy will come into play. It does not compensate for any damages caused to the rental car by accident. In most cases, hired auto coverage in Atlanta may be extended to your general liability insurance policy through an endorsement.
