An often misunderstood insurance coverage that is very important for a business, is Hired and Non-Owned Automobile ("HNOA") coverage. Most of the time, the company that is considering such coverage doesn’t think it has exposure to this particular risk since they do not own any automobiles. This could not be further from the truth... Recently, there was a tragic accident in NYC Times Square, where a delivery vehicle on its way to a jobsite fatally injured a pedestrian.