Commercial Auto Insurance in Nashville, TN
All business owners must account for various risks and exposures, but those whose businesses own and operate motor vehicles may need to consider a unique and particularly threatening array of possible incidents. Cars, trucks, vans, buses and other automobiles can all cause significant damage even at low speeds and represent significant financial investments. These inherent risks necessitate a full understanding of commercial auto insurance.
What Is Commercial Auto Coverage? 
As its name may suggest, these policies can provide financial protection for commercial entities regarding the use of automobiles. Coverage functions similarly to many other insurance arrangements, with policies acting as contractual agreements between businesses and their carriers. In exchange for regular (e.g., monthly or annual) premiums, policyholders can file a claim following vehicle-related incidents. If approved, insurance can pay out and assist in limiting out-of-pocket losses.
What Do Policies Cover?
Commercial auto insurance may include multifaceted coverage for various losses, damages and incidents involving business vehicles. For many companies, the following common and often recommended features may be crucial:
- Liability coverage can compensate third parties and assist with legal expenses if a business is at fault for an accident.
- Collision coverage can assist with repair costs following crashes.
- Comprehensive coverage can help companies recover losses arising from noncollision incidents, such as fires, crime and severe weather.
- Uninsured/underinsured motorist coverage can ensure businesses can recoup losses for which a party lacking adequate insurance is at fault.
Why Is Coverage Important?
Commercial auto insurance is necessary for any business using motor vehicles in Tennessee. Coverage is legally required in The Volunteer State. Additionally, companies that have purchased vehicles with the assistance of auto loans may also be subject to further mandates imposed by lenders. Even in the absence of such obligations, commercial auto coverage is an advisable loss control measure, as vehicle-related incidents can otherwise incur catastrophic losses with far-reaching fiscal consequences.
Get the Right Coverage
Contact YSolano Insurance Services today to learn more about commercial auto coverage or compare personalized quotes.