Main/Knoxville:  (865) 588-7000
Nashville:  (615) 557-4296
(800) 588-7001

What is the need of a commercial auto insurance policy? 



As a business owner, it's important you know the basic elements of a business auto policy-- that way you can make informed decisions. Legally speaking, your business needs to carry similar type of insurance coverages in the business as you would carry for a car used for personal purposes. 
 In fact, many business people use the same vehicle for both business and pleasure. Whether you need a business auto policy will depend on the kind of driving you do. A good insurance Advisor will ask you details about how you use vehicles, who will be driving them and whether employees, if you have them, are likely to be driving their own cars for your business.





What are the basic parts of every commercial insurance policy? 


 Liability-- which includes bodily injury, property damage, and uninsured motorist

 Physical Damage-- which includes collision and comprehensive coverage

 Other-- which includes medical payments, towing and labor, rental car reimbursement, and loan/lease gap coverage


What are some of the optional coverages available with the business auto policy? 

  • Hired Auto-- which would cover comprehensive or collision for vehicles that you may lease, hire, rent, or borrow in relation to your business

  • Garagekeepers Liability-- which provides protection in case a vehicle that is stored for parking, storage, or to perform a service and is damaged by fire, theft, vandalism, or collision

  • Employer's Non-Owned-- which provides liability when your employees occasionally use their vehicles to run errands for your business

  • Any Auto-- which extends liability to hired and other non-owned vehicles, and vehicles you may purchase throughout the term

  • Cargo-- which provides coverage for the freight or commodity that is damaged by fire, collision, or striking of the load hauled by a For-Hire trucker

  • On-Hook Towing-- which includes coverage for a vehicle you don't own that is damaged by collision, fire, theft, explosion, or vandalism while you are towing or hauling




   
         Main Office:   9700 Westland Dr, Suite 102, Knoxville, TN 37922
Nashville Office:   c/o Industrious, 1033 Demonbreun St, Suite 300, Nashville, TN 37203
 
This website is intended to stimulate dialogue about your protection and does not alter or interpret your insurance policies. Always refer to your policy for details about your coverage.