FAQs

Usually by extension, and the rental contract asks for more than the policy gives by default. Most contractors equipment forms include a limit for equipment rented, leased, or borrowed, ...

Wear, breakdown, and the tools you cannot prove you owned. Normal wear and tear, rust, and mechanical or electrical breakdown are maintenance rather than sudden loss. Employee theft is ...

They protect different people, which is the part usually missed. A personal auto policy covers the driver and their own vehicle, and it does reach most ordinary business driving. ...

It depends on who owns the vehicle relative to the named insured. Hired and non-owned auto is built for vehicles the business does not own, so an employee’s personal ...

Usually yes, as an endorsement rather than a separate policy. It commonly attaches to a commercial auto policy, and on smaller accounts to a general liability or business owners ...

Yes, because the exposure is created by the errand, not by how often it happens. One trip to the bank or one delivery run is business use, and an ...

Hired and non-owned auto is liability coverage, so it typically responds to injury or damage you cause to others rather than to damage to the rented or employee-owned vehicle ...

They run for a term, and a lapse suspends the license. A California contractor bond must be on file before the CSLB will issue, reactivate, or renew a license, ...

Usually yes, at a higher rate. Credit is the main underwriting factor on a license bond, so the same $25,000 bond can be priced very differently for two contractors. ...

The surety investigates, pays the obligee if the claim is valid, and then looks to you for the money. That is the part that separates a bond from insurance. ...