What You Should Know about Commercial Auto Insurance

If your employees are driving your company’s vehicles, you need commercial auto insurance in Nashville, TN. There are a few differences between a regular policy and commercial insurance. That’s why you must know when to get which type of coverage. Below you can find out more about liability limits and your coverage options, including what type of vehicles you should ensure.

Liability Limits

Companies need higher liability limits on their insurance policies than personal drivers. This is especially true if you’re dealing with large commercial vehicles that are expensive to repair. Liability limits must also take into consideration which goods are being transported and what they are worth. If your company is using expensive equipment and transporting it with commercial vehicles, your insurance company should design your policy accordingly.

Company Vehicles

If the company provides vehicles to their employees or contractors for work, they must carry commercial car insurance. That’s the case even if your vehicles are not commercial semi-trucks or other big rigs. Cars, pickups trucks, SUVs, and minivans must also be covered under your commercial insurance policy if they’re used for business.

If your business is to lease out vehicles or use vehicles exclusively, your coverage may need to be even more extensive. For example, a limousine service, a delivery truck, and utility vans all have to be driven around to perform services or deliver goods. As such, they must be insured. Otherwise, your company could be liable for damages after an accident.

Driver Insurance

If you’re self-employed and are using your vehicle for work, you may also need commercial car insurance. If at anytime you’re using your car for work, with the exception of commuting to and from work, it’s a good idea to talk to your insurance company to make sure that you’re sufficiently covered if something happens. Your insurance policy can protect your personal assets even if you’re found at fault in a car accident.

Coverage Options

Commercial auto insurance in Nashville, TN, has similar coverage options to personal car insurance. That includes collision, comprehensive, bodily injury, and uninsured motorist coverage. Your commercial policy also protects your equipment, your products, and your employees. It also covers the assets of your company in case of a lawsuit. This is important, because if one of your employees is at fault in an accident, your company might be liable for their actions.

Kevin Smith is a writer and an avid reader. He writes about business, marketing, health, pets, or relationships etc.