Eating Sleeping & Traveling

Hired and Non-Owned Endorsement: A Recipe for Success
By Joe Burak, Cupo Insurance with Naoma Welk, Editor, Business Matters
Joe Burak, Cupo Insurance
Anthony Chiccarelli grew
up in an Italian household
with women who were
excellent cooks. From the
time that Anthony could
stand on a stool to help his
grandmother make “gravy,”
he knew he wanted to be
a chef.
Anthony graduated from the Culinary Institute of America
(CIA) in Hyde Park, NY and armed with his diploma, his
family recipes and a small loan, he opened Anthony’s Fine
Cuisine in Bergen County, NJ. Patrons flocked from all
over to dine at Anthony’s.
Reservations for May 9 (Mother’s Day) were wild! When
May 9th was filled, they booked time on the 8th and in
some cases, even Friday, the 7th. Anthony was busier than
a one-armed paper hangar, ordering food and organizing
his staff. On Saturday morning, Anthony was making 15
Tiramisu desserts when he discovered that he needed a
few ingredients. He sent his sous chef, Joey to Restaurant
Depot to pick up three gallons of heavy cream and five
pounds of mascarpone cheese. Joey jumped into his truck
and squealed out of the parking lot.
of having a Hired and Non-Owned endorsement to his
business owner’s General Liability policy. When the U.S.
Post Office came after him for the unpaid damages,
Anthony’s policy covered the $700,000 claim. Anthony
knew that even though his business didn’t own any autos,
without a Hired and Non-Owned endorsement he would
be assuming a risk whenever he sent an employee on an
errand.
A Hired and Non-Owned policy protects your business
in the event that an employee has an auto accident in his
own car, on company business. Depending on the number
of your employees, annual premiums can be as little as
$200…a small sum for 365 nights of great sleep.
For more information about Hired and
Non-Owned Liability coverage, Call Joe Burak
at Cupo Insurance Agency (973) 778-7770
or email him at joe.b@cupo.com.
Enroute, Joey was blinded by the late morning sun,
missed a turn and plowed into the local post office,
adjacent to Restaurant Depot. An explosion blasted Joey
from the car and the post office caught fire. The mail
inside fueled the flames and the post office was gutted.
Luckily, Joey landed out of harms way and walked away
with a few scratches.
The insurance appraiser set damages at $1 million. Joey’s
auto insurance covered a maximum of $300,000, leaving
$700,000 unpaid. The postal authorities went after
Anthony, because even though Joey was driving his own
vehicle, he was on company business. Had Anthony not
asked Joey to run an errand, there would have been no
accident.
When Anthony was studying at the CIA, he paid close
attention to the business courses and knew the importance
Page 14
Business Matters