SBWire

No business owner wakes up imagining that today is the day their company will be held liable for an auto accident that occurred during the performance of their business operations. Unfortunately, these scenarios are more common than many people realize. All too often, small businesses go under because they could not pay for the fees associated with a lawsuit after a car accident in a personal, rented, or leased vehicle.

All too often, small business owners dismiss the need for hired and non-owned auto insurance because they never have their employees drive for business purposes, or they already require their employees to carry high liability limits on their vehicles. Whatever their excuses are for not signing up for an HNOA insurance plan, they clearly do not understand the true benefits of this insurance policy. To clear things up, USMC Insurance explains why businesses need hired and non-owned auto coverage in a variety of situations.

Today, it's not uncommon for small business owners and employees to use their personal vehicles or rented cars to conduct business, whether to travel to business meetings or deliver products to customers. However, what these business owners may not realize is that their commercial auto policy may not cover the use of non-owned or hired vehicles for business operations.

Many small business owners use vehicles they do not own for their company operations. Whether renting, leasing, or borrowing cars, the business owner should get hired and non-owned auto (HNOA) insurance. In addition to providing coverage for property damage the owner or their employees may cause during an accident, this type of insurance also covers bodily injury sustained in the incident. Because not many small businesses know the importance of HNOA insurance and its offerings, USMC Insurance wants to share how essential the bodily injury coverage of this policy is.

Businesses of all sizes can utilize the services of a hired auto company. From transporting goods, attending meetings in a new city, or simply running errands, hired autos can prove a valuable tool for business owners. However, some businesses may only occasionally require the services of a hired auto company and believe they don't need hired auto coverage — that's where they would be mistaken.

No matter how careful employees are, accidents can happen in a split second. One simple accident could result in claims a small janitorial business would not be able to afford. Whether a client slips on a freshly mopped floor or an employee drops chemicals onto a wooden surface while cleaning, general liability insurance could protect the cleaning business from sinking under expensive claims. USMC Insurance shares the importance of janitorial businesses having commercial general liability coverage.

Commercial auto insurance is not just for big corporations. In fact, small businesses are just as at risk of a car accident or incident involving a borrowed or hired vehicle. The only difference is that an independently owned business may not survive the costs associated with the accident. For this reason, business owners should insure their drivers and vehicles, but they must also note that a personal auto insurance plan will not be enough coverage. USMC Insurance shares why small businesses need to have commercial hired and non-owned auto insurance.

Any well-established business owner knows that accidents happen at the most unexpected times (and sometimes in the most unexpected ways). Startups and independent contractors may think if they've planned for every common scenario, they'll be fine. USMC Insurance wants to help small business owners and contractors understand that no matter how many procedures they put into place, they could still face a lawsuit. That's why they've explained the importance of bodily injury and property damage liability insurance.

The credibility of insurance organizations is increasingly being tied into the sustainability approach of the business. AXA has been something of a pioneer in this field and was the first insurer to restrict underwriting coal projects in 2017. The move garnered widespread praise for the business from climate campaigners but also put AXA under something of a spotlight. Now, the insurer is being urged to take action in terms of its commitments to oil and gas.

Regardless of the size of a business — from large corporations to smaller, local companies — carrying commercial general liability insurance (CGL) can help bring value and protection to an organization. Not only can a CGL policy safeguard businesses from property damage and physical injuries, but it can also protect against reputational harm. Now, USMC Insurance is offering insight into the distinct benefits of commercial general liability insurance for their clients.

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Qian Insurance Broking LLP is a leading insurance broking firm focused on offering comprehensive and quality insurance solutions to clients across diverse industries in order to mitigate their risks.

Since accidents and incidents occur when they are least expected, small businesses should invest in general liability insurance to protect their financial well-being. This type of insurance covers costs associated with customer injury, customer property damage, and advertising injury. USMC Insurance briefly explains why it's crucial for small businesses to get general liability insurance.

Any time an employee operates a vehicle on behalf of their employer, the company is liable for any accidents. For this reason, companies need to have some form of auto insurance. The type of insurance they should buy depends on whether they own, lease, rent, or borrow the vehicle. USMC Insurance briefly explains the difference between commercial auto and HNOA coverage to help companies know which insurance they need.

Qian is a leading insurance broker offering comprehensive and reliable insurance solutions in India focusing on providing quality risk management advice. The company aims to be India's most trusted insurance broker for clients seeking advice to protect themselves from various unforeseen losses. It was founded by a team of four young passionate individuals Umang Shah, Naimish Shah, Hemik Shah, and Aditya Shah. The company is focusing on small and medium sized businesses and creating value by giving such clients access to professional advice which was previously available only to big businesses.

Accidents happen every day, and without the right protection, they end up costing businesses a fortune and can even put them in a state of financial peril. Without the necessary insurance, any patron who claims an injury on a business's property can file a legal claim. In many cases, they end up being successful and walking away with an excessive amount of the company's money, whether through a successful court case or a settlement deal.

The place of insurance in securing protection, reducing the impact of risks, and preventing loss cannot be overemphasized. Beyond protecting people, it also comes in handy to protect corporate bodies and businesses and ensures an overall reduction in the uncertainties in life. The world over, there are insurance broking firms that have saddled themselves with the responsibility of providing these products and services. For example, in India, Qian Insurance Broking LLP, a leading insurance broking firm, offers group health insurance for employees and transit insurance for goods.

Many companies and organizations have employees driving their vehicles for work-related purposes. Hired and non-owned auto insurance applies to all vehicles that a company hires, such as rental cars and all other vehicles used for business purposes but not owned by the company directly. USMC Insurance writes hired & non-owned auto (HNOA) insurance for all industries, except food delivery services.

Many businesses use vehicles they do not own in their day-to-day operations, including rental vehicles (hired) and vehicles owned by employees (non-owned). Utilization of these vehicles comes with automobile loss exposure many business owners do not realize puts their assets at risk. As a leading provider of hired and non-owned auto coverage, USMC Insurance understands how its programs offer protection against the standard risks.

Underwriting Service Management Co. (USMC) offers bodily injury coverage for businesses. Bodily injury coverage covers long and short-term expenses that could arise after an accident. In the event of an accident, bodily injury coverage will offer financial relief related to medical expenses, legal fees, pain and suffering, loss of income, and in worst-case scenarios, funeral costs.