Commercial Auto Insurance in Murfreesboro, TN
Businesses across many industries rely on automobiles daily. These functions require careful and exhaustive consideration of relevant risks and exposures, as accidents are inevitable regardless of drivers’ experience levels or employers’ safety measures. Recognizing this reality and implementing appropriate loss control measures, including commercial auto insurance, should be a top priority.
What Is Commercial Auto Insurance? 
A well-rounded commercial auto insurance policy can be one of the most important investments your business may ever make. Cars, trucks, vans, buses and other vehicles entail inherent risks, including physical damage, theft and liabilities. Given the damage these automobiles may inflict and the expensive investments they represent, the importance of securing appropriate coverage is non-negotiable.
What Can My Policy Cover?
Your business’s auto coverage should address all relevant risks and exposures, varying significantly depending on your industry, location and operational details. Still, while an ideal policy’s contents may vary, many types of businesses may benefit from the following coverages:
- Bodily injury liability coverage can help pay for losses if someone else is injured in an accident for which your business is to blame.
- Property damage liability coverage may offset third-party losses if you’re at fault for an incident in which someone else’s property is damaged.
- Collision coverage may fund repairs if your company’s vehicles are damaged in a crash, regardless of fault.
- Comprehensive coverage can cover physical damage caused by incidents other than collisions, such as theft, vandalism, fires and severe weather.
- Uninsured/underinsured motorist coverage may be essential to ensure you can recoup losses even if another party is at fault for an accident and lacks suitable insurance.
- Hired/non-owned coverage can extend liability coverage to automobiles not owned by your business, such as rentals or personal vehicles used for company functions.
Why Do I Need Coverage?
In almost every state, including Tennessee, commercial auto insurance is legally required for companies using motor vehicles. Third-party liability coverage is typically mandated at a minimum, although these parameters may be insufficient for many businesses. Additionally, if you’ve purchased part of your fleet with the assistance of lenders, they may impose additional requirements until you’ve paid off your auto loans.
How to Get the Right Commercial Auto Coverage Near You
Contact T Kanakrieh Insurance Agency LLC today to learn more about commercial auto options or find the right policy.