Any commercial entity, including drug and alcohol testing businesses, that uses (i.e., allows employees to operate) vehicles that are not owned by the company, but are leased, hired, or borrowed, should consider the enterprise risk transfer strategy of insurance to address potential liabilities and losses. But what types of auto-insurance policies or endorsements to other policies are needed? Which policies are primary vs. secondary? Are there special considerations for drug and alcohol testing businesses? How should a company manage these risk exposures?
This article will focus on the hired and non-owned auto (HNOA) type of insurance and suggest strategies for managing the risk exposures.
Reprinted with permission from DATIA focus Magazine, Fall 2018.