Cost of Hire definition

Cost of Hire means any fee or sum charged by The Stage Bus to the Customer for the

Cost of Hire means the total cost you incur for the hire of "autos" you don't own (not including "private passenger type autos" you borrow or rent from members of your household, your partners, "employees" or agents or mem- bers of their households).

Cost of Hire as used in this Rider means the entire amount incurred for hired automobiles and drivers when such automobiles are hired with drivers or the amount incurred for hire automobiles and the wages paid to drivers when such drivers are employees of the Insured. The term “Hired Automobiles” as used herein means (a) automobiles hired or leased from others with drivers or (b) hired or leased by the named Insured from others without driver for periods not exceeding 30 days, used under the control of the Insured in the business of the Insured but shall not include any automobile owned in whole or in part by or registered in the name of the Insured or any partner, officer or employee of the Insured.

Examples of Cost of Hire in a sentence

• It has been suggested that the risk be required to maintain the owner-operator on the policy for at least 6 months or be required to carry Trucker Cost of Hire coverage.

• Cost of Hire Coverage Category: Classification and Rating Priority: Medium Committee Focus: Currently, Truckers Cost of Hire coverage is not mandatory in the residual market.

• Where such cancellation is effected less than ten days prior to the event, the Association at its discretion may retain 50% of the Cost of Hire.

• Paragraph C.2. Cost of Hire Basis – Liability Coverage does not apply.34.

• The Customer is not entitled to claim a reduction in the Total Cost of Hire on this basis.

• In addition to the Cost of Hire, the Hirer may be required to provide a returnable deposit to cover any failure to comply fully with the requirements included in the “Conditions of Hire” or the “Guidance on using the Hall”.

• Current Year1st Prior Year2nd Prior Year3rd Prior Year4th Prior YearIndicate the total Cost of Hire, including cost and wages, for vehicles leased or hired on a long-term basis (over 6 months) and specifically insured by applicant as an owned automobile.

• To: ………… Total Time of Hire: ……………… Total Cost of Hire: ………………………………………………… Any Additional Terms and Conditions: …………………………………………………………………………………………………………...

• Issue: Cost of Hire Coverage Category: Classification and Rating Priority: To be determined Committee Focus: Currently, Truckers Cost of Hire coverage is not mandatory in the residual market.

• This Policy and the Conditions of Hire including Cost of Hire will be reviewed annually.

More Definitions of Cost of Hire

Cost of Hire means the actual cost of hiring an “auto” including actual wages of drivers if hired without operators.

Cost of Hire means the actual cost of hiring an “auto” including actual wages of drivers if hired without operators. The exposure basis will be divided by 100 when calculating the composite rate.

Cost of Hire means the amount incurred for (a) the hire of automobiles, including the entire remuneration of each employee of the named insured engaged in the operation of such automobiles subject to on average weekly maximum remuneration of $100, and for (b) pick-up, transportation or delivery service of property or passengers, other than such services performed by motor carriers which are subject to the security requirements of any motor carrier law or ordinance. The rates for each $100 of “cost of hire” shall be 5% of the applicable hired automobile rates, provided the owner of such hired automobile has purchased automobile Bodily Injury Liability and Property Damage Liability insurance covering the interest of the named insured on a direct primary basis as respects such automobile and submits evidence of such insurance to the named insured;

Cost of Hire means the total cost of hire.

Cost of Hire means the total cost of hiring the “autos”. If "autos" are hired without operators, this includes the actual wages of the operators of such “autos”.