Oklahoma City Non-Owners Insurance : Do you need it?

In some businesses, a company-owned car for use by your staff just doesn't work. But that doesn't mean that the company never has outside tasks that have to be completed. For example, let's say you have a small jewelry shop. If you never drive to see customers then it might not be reasonable to possess a business auto for your employees' usage. But you might still want staff to go to the nearby business supply shop to buy paper, receipt tape, pens and other extra goods. For several companies, that means that your people will go to the office supply store to run a company task in their own car.

If that person should get into a fender-bender in their own car on the way to run this errand for your company, their own Oklahoma car insurance policy will cover most of the claim. But if the collision is their mistake and the hurt individual chooses to file suit, they could sue your company since the individual was representing your business at that moment. In order to safeguard your company from litigation you may add non-owned car coverage to your business insurance policy.

With non-owned vehicle coverage, you are covered for property damage and liability claims that can emerge from a mishap that happens when a person drives their own auto for a company-related instance. This kind of coverage comes into play when the limits of the employee's own policy are maxed out and this coverage will preserve your company assets from the claims of hurt parties.

When you opt to include non-owned car coverage in your company auto policy, that doesn't actually mean that there will be no consequences as a result of employee fender-bender. Claims against your policy could raise your rates so you should still try to manage the employees who take care of your company to-do-lists using their own cars to decrease liability.

For example:

Collect and keep track of your employees' driving records so that you can determine which drivers are the most trustworthy.

Consider investing in a defensive driving course for staff that regularly perform your outside tasks in their own cars.

Refrain from requesting less mature and less experienced employees to run errands.

Between careful habits and suitable insurance you can safeguard your company from needless and costly claims while buying your office supplies and running errands when needed.

Make sure you have the best possible option for your Oklahoma City business insurance policy with Alexander & Strunk today!