Hired Auto coverage provides Liability insurance for vehicles you lease, hire, rent, or borrow to use in connection with your business.
Hired auto coverage example
You've taken on a special job that requires you to rent a commercial van from a local company.
While driving the van on the job, you accidentally rear end a car and the driver of the other vehicle sustains a sprained arm. The other car sustains minor damage to the bumper.
Since you were driving it for work, your Hired Auto coverage could cover the loss for liability, up to the limits you've chosen.
Hired Auto coverage does not protect vehicles you lease, hire, rent or borrow from any of your employees, partners (if you are a partnership), members (if you are a limited liability company) or member of their households.
Who needs hired auto coverage?
If you or one of your employees will ever drive a vehicle for business purposes that’s not listed on your policy, then you might need Hired Auto coverage for liability protection.
Hired auto requirements and restrictions
You must carry Liability insurance on your commercial auto policy to carry Hired Auto coverage, and the limits you select for each must match each other. Hired Auto Insurance coverages use limits to describe the maximum amount your insurance company will pay.