As any small business owner knows, if the business isn’t coming to the office, you have to bring the office to them. Depending on the size of your sales force or service department, you might need to purchase or rent company vehicles. In any case, if you or employees are driving on the road for a business related venture, your company will be held responsible for any accidents or injuries that occur involving your company’s vehicle.
If an accident does occur, there are a number of accident insurance policies that could come into play. First and foremost, the driver of the vehicle’s personal insurance will kick in, covering physical damages and injuries. Secondly, if you are renting the car, the additional insurance purchased at the time of the rental will cover any additional physical injury or liability damages. Lastly, the Hired Auto Insurance will cover your company in the event that the other party involved in the accident wishes to sue your company for any reason.
Because there are so many places to point fingers after an auto accident, especially one involving a company vehicle, it is vitally important that your company is protected against lawsuit. Speak with your business insurance agent to receive a quote on hired or non-owned auto insurance coverage.