Tag: commercial insurance

Hired and Non Owned Coverage Protects Your Business While on the Road

World Wide Specialty Programs

From picking up supplies to making deliveries and visiting clients, you and your employees probably spend at least a few working hours on the road. Using personal or rental vehicles creates increased risk in the event of an accident. Hired and non owned auto additional insured riders to your policy can help mitigate that risk.

When Does Hired and Non-Owned Insurance Apply?

If an employee or volunteer has an accident while driving a personal or rented vehicle on your companys behalf, any claims made against them would be covered by your hired and non owned auto additional insured policy. The experts at World Wide Specialty Programs note that this can be a major factor for staffing firms whose employees often drive client vehicles.

What Does It Cover?

At its most basic, hired and non owned coverage will pay for legal fees and claims resulting from a work-related vehicle accident. Additional coverage options can lessen your risk. These include:

  • Blanket additional insured coverage
  • Property damage riders
  • Personal injury claims

Why Not Just Use Commercial Insurance?

When you use company vehicles, they are covered under your business vehicle insurance. However, when employees or volunteers use personal vehicles or you rent temporary ones, those vehicles are not covered by your policy. Damages will be repaired under their own collision coverage, but you are vulnerable to claims made against your business.

The right insurance coverage can help reduce your risk when employees are operating multiple vehicles Riders such as blanket additional insured and physical property damage coverage maximize that protection.

Protection You Need for Your Commercial Property

iSure Insurance Brokers

Owning real estate can be a lucrative business, but it also comes with many risks.Whether you rent out your properties or operate a business in one of your buildings, it’s important to protect your assets and manage your risks with the help of commercial real estate insurance.

What’s Covered With This Policy

Protecting your business from possible dangers means you can focus on your work rather than the potential threats lurking around corners. No matter if you run your business out of your home office or a separate office building, you need this insurance to protect your company from risks including theft, natural disasters, breakdown of equipment, professional errors and even loss of income. The following are some of the property types that can be covered by this policy:

Apartments and other housing
Homeowner or condo associations
Office buildings
Marinas and shipyards
Commercial storage and warehouses
Parking structures or lots
Hotels
Medical buildings

This is not an exhaustive list, so don’t worry if you don’t see your property listed. The information provided by iSure Insurance Brokers offers more insight into the types of properties covered by this insurance and the coverage options available.

Being Prepared Gives You Peace of Mind

Having the right insurance means you can protect your business from disasters and have peace of mind. Commercial real estate insurance offers the protection you need for all your commercial buildings and is a must-have.