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Let's Take <i>Your</i> Car

Cover your drivers--no matter whose car they drive.

This story appears in the October 2001 issue of Entrepreneur. Subscribe »

Your company and personal vehicles are all adequately insured--why worry about additional coverage for vehicles you don't own? Because if you ever rent a car or truck for business or if employees ever use their own vehicles for company business--even if they're just making a quick trip to the store for supplies--and there's an accident, you could face serious financial liability, says Chip Curley, a property and casualty agent with Sehnert, Lumbra, Robinson & Associates in Maitland, Florida.

Protect your company with hired and nonowned auto liability, which covers bodily injury and property damage caused by the hired or non-owned vehicle. It does not pay for physical damage to the vehicle itself; that's covered by the owner's insurance.

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