Bodily Injury and Property Damage Coverage
What is Commercial Vehicle Insurance? Hire & Non Owned Auto Insurance covers vehicles driven by an individual. Hire or non owned auto insurance, also called commercial vehicle insurance, is a kind of insurance that covers vehicles that are being used for business purposes. Basically Hire & Non Owned Auto Insurance covers a car that is being hired by an organization to be used for commercial purposes. In most instances, these commercial vehicles include cars, trucks, vans, buses, trailers, delivery vehicles, and other types of vehicles. Different companies offer different kinds of services relating to hire-and-non-hire automobile insurance.
For individuals, it may sometimes be difficult to determine the kind of Hire & Non Owned Auto Coverage that is needed for the vehicles that they own. However, the insurance company that you choose can provide you with many options. Hire automobile coverage, which covers only for hired or non-owned vehicles, is one type of policy that can be taken out by an individual. The coverage that is offered for hire vehicles is usually less than that of a passenger vehicle. However, a lot of insurance companies offer non-owned auto coverage for very reasonable rates.
If you own a vehicle, you can obtain coverage that will protect you in case you are in a major accident. In this case, the hired-and-non-owned auto coverage provided by your insurance company will include bodily injury and property damage. Body injuries may amount to a substantial sum, especially if the accident happens to involve another vehicle. Property damage is another consequence that is included in the bodily injury liability protection that is provided by some policies. Damages caused by vehicles or objects hitting you can also be covered by your policy.
Bodily injury is not the only coverage that is available for non owned automobiles for business owners. Most policies also offer coverage for personal injury, which may be caused by an accident or any act of vandalism on the property of the insured. This is also commonly referred to as premises liability. A lot of personal injury policies will cover a person who has been hit by an automobile, whether it belongs to the insured or not.
For some business owners, they may find that the best coverage option is the Bodily Injury and Property Damage clause provided under the Bodily Injury clause. This type of coverage is great for people who have been injured because of an automobile accident that happened on the property of the business. Many times, these types of accidents occur when the insured motorist has already left the scene of the accident. Because these types of bodily injury and property damage clauses will only cover bodily injury, it does not include any damages that may occur due to a wrongful death, defamation, or malicious prosecution.
Another type of policy that can be found with non-owned auto insurance is the General Liability coverage. This form of coverage usually covers all kinds of property damage, personal injury, and liability for a variety of incidents. It is important that the policy provides coverage for the total amount of the liability incurred as well, regardless of who was at fault for the accident.
Some Bodily Injuries and Property Damage clauses also come in the form of a Workman’s Compensation clause. The typical Bodily Injuries and Property Damage coverage is going to provide coverage for medical expenses, pain and suffering, and other out-of-pocket expenses that are associated with being injured while on the job. The exact dollar amount is going to vary depending on the actual policy that is chosen. Some businesses prefer to include the Workmen’s Comp insurance as part of their Bodily Injury and Property Damage policy, because the percentage that is paid for in the event of a claim is much higher.
If you decide to purchase non-owned auto insurance coverage, you will want protection for liability as well. This coverage will cover any injuries that are sustained by a third party as the result of an accident that you have caused. You will also want the coverage to provide coverage in the event that you are hit by an object that is being transported in your vehicle. When you take all of these things into consideration, it should be easy for you to find the right kind of coverage for your needs.