When contractors start new projects they usually obtain performance bonds. They are crucial to the overall success of your business, and without them you could be hurting the company as a whole. You should understand why performance bonds are so important, which is why we want to go over a few things with you today.
Non owner insurance is an insurance policy covering individuals while they are operating motor vehicles that are not owned by these individuals or vehicles that are not furnished for the regular use of these people. Nonowners policies typically include liability, medical payments, and uninsured motorist coverages. Non-owners policies do not include any physical damage (comprehensive & collision,) towing reimbursement, or rental reimbursement coverage.