Last updated: July 19th, 2022
Reviewed by
Grant Desselle
Licensed Insurance Agent
If you own a business, you likely understand the importance of insurance. Insurance protects your business from financial losses that can occur as a result of accidents, property damage, or other unforeseen events.
Table of Contents
Hired and non-owned auto coverage (HNOA) is a type of insurance that can help protect your business from liability in the event that an employee or contractor damages a vehicle while on the job.
HNOA insurance covers damage to vehicles that your business uses for work related activities but doesn’t own.
If you’re considering HNOA coverage for your business, it’s important to work with a reputable insurance provider to determine the best solution for your needs. An agent can help you assess your risks and choose a policy that provides the right level of protection for your business.
Examples of vehicles that qualify under HNOA insurance are:
The cost of HNOA insurance will vary based on several factors, including the size and scope of your business, the type of vehicles you use, and the amount of coverage you need. You may request a free estimate to have a general idea of how much you can expect to pay, given your situation and unique needs.
HNOA insurance is similar to commercial auto insurance, but there are some key distinctions between the two types of coverage.
Commercial auto insurance typically covers vehicles owned or leased by a business. In contrast, HNOA insurance covers hired or non-owned vehicles.
Another key difference is that commercial auto insurance typically provides liability coverage for damage caused by the insured vehicle. HNOA insurance, on the other hand, provides liability coverage for damage caused by any vehicle used in connection with your business.
Finally, it’s important to note that HNOA insurance is typically an endorsement to a commercial general liability policy, while commercial auto insurance is a standalone policy.
HNOA insurance can help protect your business from liability in the event that an employee or contractor damages a vehicle while on the job. The type of coverage available under an HNOA policy will vary but typically includes:
As a business owner, you’re responsible for the actions of your employees. This means that if an employee damages a vehicle while on the job, your business could be held liable.
HNOA insurance can help protect your business from financial losses that may occur as a result of an employee-related accident. In addition, HNOA coverage can also help pay for legal expenses if your business is sued as a result of an accident.
HNOA insurance is not required by law, but it’s important coverage to consider if your business has employees or contractors that use vehicles that the business doesn’t own.
HNOA insurance covers damage to vehicles that your business uses for work related activities but doesn’t own. HNOA insurance helps protect your business from liability in the event that an employee or contractor damages a vehicle while on the job. The cost of coverage will vary based on factors such as the size and scope of your business, the type of vehicles you use, and the amount of coverage you need.
If you’re a business owner who uses vehicles in connection with your business, speak with an experienced insurance agent to assess your risks and determine if HNOA insurance is right for you. You can also request a free quote by answering a few questions about your business to get an idea of how much it may cost.
Curious about auto insurance for rented or borrowed vehicles? Get free quotes and compare rates of different HNOA insurance providers in your area through Insurist.
Brian is the founder and CEO of Insurist and carries Life, Health, and Property & Casualty licenses in all 50 U.S. states. Since 2013, Brian has been a member of Million Dollar Round Table, a designation for the top 1% of financial advisors worldwide. Brian has been featured in Yahoo! Finance, Money.com, Entrepreneur.com, Life Happens, Forbes, MSN, and Good Financial Cents. Brian’s goal is to show customers the best products, the quickest answers to their questions, and provide expert advice.
Grant's past experience includes work as a licensed sales agent for Hagerty Insurance. He has reviewed thousands of existing auto policies across the nation and issued hundreds of new ones on everything ranging from classic cars undergoing restoration to modern exotics and motorcycles.
