Commercial Auto

What is Hired and Non-Owned Coverage?

The Hired and Non-Owned liability coverage is very important because it protects you if one of your employees is driving their personal vehicle for business on your behalf and gets in an accident. You could be held liable for the accident. It also covers your for liability for autos you rent, lease, borrow or hire for use in your business.

Are there different levels of coverage?

Yes. You can choose which coverage options you would like. These options are known as “Coverage Symbols”. They are numeric and detail exactly what coverage applies to which vehicles.

• Symbol 1 – Any Auto
  This is the broadest coverage. It provides coverage for any auto used for business operations; including autos the insured owns, doesn’t own, and hires.
• Symbol 2 – Owned Autos Only
  This symbol only covers autos that the named insured owns.
• Symbol 3 – Owned Private Passenger Vehicles
  This symbol only provides coverage for private passenger vehicles and excludes coverage for trucks, busses etc. There is also no coverage for hired and non-owned vehicles.
• Symbol 4 – Owned Autos, Not Private Passenger
  This would not cover private passenger vehicles.
• Symbol 5 – Owned Autos –PIP Coverage
  Personal Injury Protection is not a necessary coverage in all states or on every owned vehicle in particular states, however in states like Michigan (a no-fault state) this symbol is added to provide the necessary PIP for those Vehicles.
• Symbol 6 – Owned Autos – Uninsured Motorist Coverage
  Provides Uninsured Motorists Coverage
• Symbol 7 – Specified Auto Coverage
  This provides coverage for autos specifically listed on the policy. There is no coverage for Hired and Non-Owned Vehicles.
• Symbol 8 – Non – owned Auto Coverage
  This provides coverage for autos that are rented, leased, borrowed or hired for use in your business.
• Symbol 9 – Non-owned Auto Coverage
  Coverage is provided for autos you do not own, rent lease borrow or hire, but are used for your business.