One of the most common questions our agents hear from clients is whether commercial auto insurance provides coverage for rental cars. The answer depends on your policy. A commercial policy can include coverage for when your employees need to rent cars on business trips. There is also rental car coverage available for when an insured company car or truck is in the shop for a covered repair. If you’re unsure if your commercial policy includes car rentals, simply give us a call, and we’ll be happy to review your policy for any gaps in coverage.
Coverage for When Your Employees Rent Cars on Business
Do you have employees who travel on business? Hired Auto Coverage and Non-Owned Auto Liability (HNOA) can save money and protect your business when employees rent cars.
- Hired Auto Coverage applies to vehicles your business rents, leases, or borrows for a short period of time. It ensures that your company is protected from liability if an employee gets into an accident while driving a rental on a business trip, visiting a client, or attending a work-related function. This coverage can shield your company from the financial impacts of an accident when your employees rent cars for business.
- Non-Owned Auto Liability Insurance protects your business in the event an employee is involved in a covered accident while driving their personal car for business purposes. For example, an administrative assistant gets into an accident while picking up company mail at the post office. Or a delivery driver is involved in an accident using their personal vehicle to make pizza deliveries for their restaurant employer.
An HNOA policy covers bodily injury and property damage claims, up to the policy limits.
Rental Car Coverage After a Covered Accident
Accidents can happen anywhere, at any time, and when they do, a company vehicle may be out of commission for several days. Without a rental car, your business operations could grind to a halt. Rental Reimbursement is an add-on to your commercial auto policy that pays for the cost of a rental car when your insured company vehicle is being repaired after a covered accident or theft. This coverage helps ensure that you can continue to serve your customers and keep your business running smoothly, without the additional financial burden of paying for a temporary vehicle.
Do You Really Need Extra Insurance When Renting a Car?
A common point of confusion is whether to accept the expensive insurance offered at the rental car counter. If your commercial auto policy includes Hired Auto coverage, the answer is often no. This coverage extends your existing policy’s liability, collision, and comprehensive benefits to the rental vehicle, making the rental company’s pricey insurance a thing of the past. Reviewing your policy with your CIS Trusted Agent can help you understand your coverage and save your company money on car rentals.
Get Commercial Auto Insurance with Rental Car Coverage!
Commercial Insurance Specialists is a Trusted Choice independent agency that offers commercial auto insurance with rental car coverage from leading carriers. Our clients include engineers, roofers, HVAC contractors, and other businesses located in the Sarasota-Bradenton and Tampa-St. Petersburg areas, including Carrollwood, Clearwater, Bartow, and Plant City, Florida.
Just give us a call, and we will shop around to find the best rates and rental car coverage options for your business. Contact us today for a free, no-obligation commercial auto insurance quote!
