Protect Your Business From An Unexpected Expense
Whatever your line of work, there are likely times when you ask your employee to use his or her own personal car or rent a car on a business trip. Whether your team member uses his or her car regularly to visit clients or just every once in a while to pick up lunch, you run the risk of being on the hook for repairs and/or medical expenses if that employee gets into an accident.
You may be thinking that you will just have to risk it since you are not in the position to add more vehicles to your company fleet, but there is an insurance product that can help protect your business. Hired and non-owned auto insurance safeguards you in two ways. First, it will cover bodily injury and property damage if an accident happens in a borrowed or rented vehicle. Secondly, it will cover bodily injury and property damage if a non-owned vehicle (i.e. a car your business does not own, including those of your employees) driven by one of your employees gets into an accident.
Generally, the auto insurance carried by the owner of the vehicle will still be the policy to cover damages to the vehicle itself.
Without hired and non-owned auto insurance, you could face a legal battle resulting in you paying not just legal fees, but also the settlement for pricey hospital bills, physical therapy, and vehicle repairs. With this kind of coverage, you never have to worry about this nightmare scenario.
Do not leave your business exposed to the possibility of huge financial burden if one of your employees gets into an accident on a company errand or business trip. Contact Hoffman Brown Company in Sherman Oaks, California for all of your commercial auto insurance needs. We are here to help you get the coverage you need to protect your business.