Hired & non-owned auto INSURANCE
Coverage for potential damages while using a vehicle for business purposes.
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2 MIN
Hired & Non-Owned Auto Insurance with Nicole
What Hired & Non-Owned Auto does & doesn't cover
Recommendations based on stage and vertical
Which add-ons make sense for your startup
BECAUSE
A single non-fatal injury crash has an average cost of $75,176.
WHEN
- As early as when hiring your first employee.
WHY
- Driving is one of the riskiest things we do.
- Personal auto insurance policies typically won’t cover your employees for commercial driving.
- Lawsuits can cost thousands of dollars.
See recommended limits based on your stage and vertical
GET COVERAGE RECOMMENDATIONTHE PROTECTION
What Hired & Non-Owned Auto Covers
Bodily injury and property damage
Caused by you or your employees while using a personal or rented vehicle for business purposes.
What it doesn’t cover
- Accidents involving a company-owned vehicle: typically covered by Commercial Auto insurance.
- Physical damage for either a personal or rented car or damage to property that’s being transported in the vehicle.
- Accidents that happen on an employee’s own time, such as running a personal errand or during their commute.
- Any ride-share or delivery type use.
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FROM THE ACTUARIES
Hired & Non-Owned Auto Claims Examples
Case Study
Incident
An employee of a consumer marketplace startup rents a car to travel to an industry trade show. On the way to the trade show, the employee rear ends the car ahead of him at a red light. The driver of the car that was hit sends a demand letter to the startup, seeking damages for the property damage to his car and his medical bills.
Resolution
The HNOA section of the general liability policy provides coverage for the property damage and the medical bills.
Costs related to fender-bender at a trade show
Incident
An employee of a consumer marketplace startup rents a car to travel to an industry trade show. On the way to the trade show, the employee rear ends the car ahead of him at a red light. The driver of the car that was hit sends a demand letter to the startup, seeking damages for the property damage to his car and his medical bills.
Resolution
The HNOA section of the general liability policy provides coverage for the property damage and the medical bills.
INSURANCE 101
What Is Startup Business Insurance and Why Do I Need It?
In the fast-paced world of startups with ever-growing risk, having insurance in place can mean the difference.
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COMPREHENSIVE PROTECTION
Explore Insurance Coverages
General Liability Insurance
Foundational protection for the risks of running a startup.
Business Property Insurance
Protection from disaster and theft.
Directors & Officers Insurance
Protection for your founders, officers and board members.
Errors & Omissions Insurance
Protection for bugs in your product that cause financial losses.
Fiduciary Liability Insurance
Protection for mistakes with employee benefit plans.
Employment Practices Liability Insurance
Protection for allegations of wrongdoing in the workplace.
Cyber Insurance
Protection for the damages caused by data breaches.
Crime Insurance
Protection for employee theft and fraud.
Hired & Non-Owned Auto Insurance
Protection for damages while using a vehicle for business.
Media Liability Insurance
Protection for copyright infringement, defamation, or libel.
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Protection for damages caused by AI products and services.
General Partnership Insurance
Protection against risks unique to Venture Capitalists.
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