Commercial Auto Insurance

Commercial Auto Insurance Information

As a full-service, independent insurance agency, Newman Insurance Agency strives to offer only the best in personalized insurance services to all Tennessee residents. If you’re a resident of Gallatin or the surrounding region, then we’re here to make your search for quality benefits simple, efficient and affordable.

All commercial vehicle owners in Tennessee require commercial auto insurance. It’s critical assistance that will help you protect company vehicles, employee drivers and cargo in transit against any roadway hazards or unexpected vehicle accidents. Don’t try to get behind the wheel without it.

Call us at 615-452-7439 or request your free commercial auto insurance quote now!

Common Commercial Auto Insurance Questions

Why do I need commercial auto insurance?

When you buy a vehicle (or fleet of them) for your company, or even allow an employee to operate their own vehicle on your behalf, then your business could be one of the parties to suffer should something happen to one of those drivers or vehicles. Commercial auto insurance is designed to provide you with financial assistance throughout the recovery process, and as a result your company won’t face financial setbacks just because an accident occurred.

Who needs commercial auto insurance?

Commercial auto insurance is designed specifically for vehicles and drivers operating on behalf of a business. Though very similar to personal auto insurance, a commercial auto policy will contain specializes coverage terms that are designed to protect the company’s investment in the vehicles.

Various vehicles and drivers might need to be covered a commercial auto policy. These include:

Vehicles owned by a business

Employees who drive their personal cars on business-related errands

Company cars provided to employees for commercial and private use

Vehicles hired or rented by the business

Certain personal vehicles that qualify as commercial due to their weights or sizes

What does commercial auto insurance cover?

The average commercial auto policy can offer numerous benefits, each of which can apply to different loss scenarios involving your vehicles or drivers. These include:

Liability Insurance: When an accident is deemed your fault, this coverage help you pay for the damage you do to others (like other drivers) who weren’t in the car with you.

Bodily Injury Liability Coverage: This plan pays for third-party medical bills and sometimes for death benefits.

Property Damage Liability Coverage: This pays for damage to the other party’s property.

Hired/Non-Owned Auto Liability Insurance: This liability coverage extends to vehicles not owned by the business but used by them for business purposes. These might include employees’ personal cars or vehicles that you rent or hire to use temporarily.

Collision Insurance: This covers damage to your own vehicle that you sustained in a wreck.

Comprehensive Insurance: This coverage pays for damage from non-accident mishaps, such as weather damage, fires, theft, vandalism or similar accidents.

Medical Payments/Personal Injury Protection: If you get hurt in an accident, this coverage can pay for your medical bills. Sometimes, it will cover other losses, such as lost income.

Uninsured/Underinsured Motorist Insurance: This insures you against damage caused by someone else who doesn’t have appropriate liability coverage. If you are the victim of a hit-and-run, for example, then this coverage can pay for your car’s damage.

Additionally, other policies and endorsements might help you expand your benefits, such as:

Inland Marine Insurance

Roadside Assistance

Rental Car Reimbursement

Custom Parts Coverage

Replacement Cost Vehicle Coverage

Gap Insurance

Is commercial auto insurance required?

Because your business’s uses of vehicles are unique, you must customize your commercial auto plan in order to make it work specifically for you.

You must carry coverage that meets all standards set by Tennessee mandatory insurance laws. Minimum coverage limits are:

Tennessee state law requires all commercial auto policies to have a minimum liability limit of $25,000 per person, $50,000 per accident for bodily injury and $15,000 for property damage.

Regardless of any coverage requirements, the benefits you will receive by investing in higher levels of coverage (even when it is optional) will ensure you have a high degree of protection available in the event of any particularly challenging vehicle mishap.

How much does commercial auto insurance cost?

Numerous factors can influence the costs of commercial auto insurance, including the types and amounts of coverage you buy, the location of your business and the value of the vehicles to be insured.

Our agents are committed to working with you to optimize benefits in ways that will still keep them affordable, even as you build upon your coverage to ensure you receive the highest level of protection.