People are prone to make mistakes, which is why business insurance is so important. However, traditional business coverage does not cover all scenarios, especially for companies with drivers. Non owned auto insurance helps to protect businesses in the case of negligence claims against employees driving non-company vehicles. When selecting a policy, there are a few things to look for.
Extent of Legal Coverage
In general, a non owned auto insurance plan will cover the business in the case of an accident, not necessarily the employee. You should verify this factor with the insurer. You also want to check what benefits come with the legal coverage. For instance, some plans provide a lawyer while others do not.
It is imperative that you are aware of any stipulations concerning the negligent acts that are covered by the policy, as well as if any employees or employee acts are excluded from coverage.
You not only want a good plan, but you should also seek a quality provider that you will be able to trust and develop a solid business relationship with. A few characteristics to look for include:
- Positive customer reviews
- Known to pay out on claims
- Respectable affiliations and acknowledgements
If you make sure to look for and examine the aforementioned aspects, you will be well on your way to selecting a quality non owned auto insurance policy for your company.