FAQs

 Leased tools and equipment can be covered under this insurance. It's crucial to include details of leased items when applying for coverage to ensure they are protected.

Yes, Contractor’s Tools and Equipment Insurance often covers tools and equipment while they are being transported between job sites, as long as they are properly secured.

Yes, most policies can be extended to cover rental equipment. It's essential to check with your insurance provider to ensure rental items are included in your coverage

Contractor’s Tools and Equipment Insurance typically does not cover normal wear and tear, intentional damage, or losses caused by neglect. For coverage of general liability, you would need a separate General Liability Insurance policy.

A personal auto policy typically does not cover business use of your vehicle. HNOA provides the necessary liability coverage for business-related driving of non-owned vehicles, filling the gap left by personal auto policies.

Yes, HNOA provides liability coverage when you use your personal vehicle for business tasks. However, it does not cover physical damage to your vehicle.

Yes, HNOA can often be added as an endorsement to an existing commercial auto or general liability policy, providing an additional layer of protection.

Yes, even occasional use of non-owned vehicles for business purposes can expose your business to significant risks. HNOA provides essential coverage for these scenarios.

HNOA does not cover physical damage to the hired or non-owned vehicle itself. For protection against damage to the vehicle, you would need comprehensive and collision coverage.

Yes, surety bonds typically have a set term and need to be renewed upon expiration. The term length can vary depending on the type of bond and the requirements of the obligee. It's important to keep track of your bond's expiration date and ensure [...]