Understanding Business Auto Insurance: OPCF 27B

As a business owner, protecting your assets is crucial. Whether you own a fleet of delivery trucks, service vans, or just a single company car, having the right business auto insurance coverage  is essential. One key aspect of business auto insurance that you might not be familiar with is OPCF 27B. Understanding this coverage can save you money and provide peace of mind, ensuring that your business is fully protected on the road. 

What is OPCF 27B? 

OPCF 27B, AKA the “Liability for Damage to Non-Owned Vehicles” endorsement, is an add-on to your business auto insurance policy. 

This coverage extends your existing auto insurance to include liability for damage to vehicles that your business does not own but are used for business purposes. Essentially, it provides coverage for rental vehicles and vehicles that are borrowed or leased short-term by your business. 

Why It’s Important for Your Business 

Cost Savings 

Avoid Duplicate Coverage as you might end up purchasing insurance from rental companies, which can be costly. OPCF 27B eliminates the need for this additional expense by extending your existing coverage. 

OPCF 27B coverage can also reduce Out-of-Pocket Expenses. If an employee damages a rented or borrowed vehicle while conducting business, the costs can be substantial. It covers these costs, saving your business from unexpected financial hits. 

Peace of Mind 

This endorsement ensures that your business is protected against liabilities that can arise from using non-owned vehicles.  

Employees using rental vehicles for business purposes are also covered, ensuring that they are protected, and that the business isn’t left vulnerable in the event of an accident. 

 This means that your business operations can continue smoothly without worrying about potential legal and financial repercussions from vehicle damage. 

Flexibility 

Whether your business occasionally rents vehicles or regularly relies on leased or borrowed vehicles, OPCF 27B provides the flexibility to cover various situations, adapting to your business needs as they change. 

How to Add OPCF 27B to Your Policy 

Adding OPCF 27B to your business auto insurance policy is straightforward. Contact us and we can take a look at your coverage and get you a quote to add it to your policy. 

As a business owner, ensuring that all aspects of your operations are covered is vital. By adding this OPCF 27B coverage to your business auto insurance policy, you can focus on running your business effectively, knowing that you’re safeguarded against potential vehicle-related liabilities. 

Ready to Protect Your Business? Discuss your coverage and get a quote for business auto insurance with us today and drive your business forward with confidence!