The property damage liability deductible is the amount a policyholder has to pay out of pocket before an insurance provider may cover the costs of a claim involving other’s property.
FAQ_category: Business Owner's Policy (BOP)
The property damage deductible is the amount a policyholder has to pay out of pocket before an insurance provider may cover the costs of your property damage claim.
The major difference between a commercial auto insurance policy and non-owned auto and hired auto coverage is whether your business owns the vehicle. Own it = Commercial Auto. Short and Sweet.
Non-owned auto and hired auto insurance will not cover incidents that occur during personal errands or while commuting.
Non-owned auto and hired auto coverage protects your business if you or your employees cause injury or property damage while driving a vehicle that does not belong to your business. This insurance may pay for attorney’s, legal fees, and medical costs. If you tend to periodically rent a vehicle or regularly ask employees to utilize their vehicles to keep your business moving, non-owned auto and hired auto coverage is for you.