› › › AFFORDABLE POLICIES WITH GREAT COVERAGE ‹ ‹ ‹
we Are Your Commercial Auto Insurance Agency
At Tatum Insurance, we understand the importance of commercial vehicles in your business. For companies that need vehicles to do business, commercial auto insurance is a necessity. As an independent agency, we offer you unbiased professional advice to help you choose the right policy for your business needs.
If you would Like to speak with someone directly, give us a call!
(480) 939-4300
We have an office in Scottsdale, Arizona. Tatum Insurance is here to help with all your insurance needs. We will guide you through various policies to help find the best policy for you.
Corporate Office:
8687 East Via de Ventura #118
Scottsdale, AZ 85258
(480) 939-4300
Office Hours:
By appointment, M-F
Understanding Commercial Auto Insurance
From collisions to injuries, commercial vehicles in your business have many risks. However, many companies consider their vehicles as a crucial component to their business. This means having the right coverage in place is just as critical as having the vehicles.
Commercial auto insurance is a policy which provides financial protection for the vehicles you operate during business hours. It protects your fleet from physical damage, and it provides liability coverage for situations, usage, and amounts not covered by personal auto insurance. This type of policy has coverage for a variety of commercial vehicles including company cars, and various commercial trucks and trailers.
Commercial Auto Insurance Coverage Types
Commercial auto insurance is typically meant to protect businesses from unforeseen dangers. It has higher coverage limits than personal auto policies. This policy safeguards a company and improves chances of continuing business operations after an unfortunate event. Types of coverage for commercial vehicle insurance are:
- Collision Coverage
- Comprehensive Physical Damage Coverage
- Uninsured Motorist Coverage
- Medical Payments Coverage (MedPay)
- Bodily Injury Liability Coverage
- Property Damage Liability Coverage
Collision Coverage
A collision policy pays to repair or replace a company’s vehicle following a loss that is covered by the policy. It provides physical damage coverage for vehicles that collide with another vehicle or object. Collision coverage is usually purchased with comprehensive insurance.
Comprehensive Physical Damage Coverage
Comprehensive coverage pays the cost of repairing or replacing your company vehicle after it’s damaged by incidents other than collisions. For instance:
- Theft
- Fire
- Vandalism
- Falling Objects
- Weather-Related Damages
- Colliding With An Animal
Uninsured/Underinsured Motorist Coverage
Uninsured/Underinsured motorist coverage compensates you for injuries you sustain after an accident with a driver who does not have liability insurance or does not have enough liability insurance.
Uninsured motorist insurance options such as limits and mandatory requirements vary from state to state. Tatum Insurance agency will help you determine available options and the most suitable choice for your business
Medical Payments Coverage (MedPay)
Medical payments coverage protects you no matter who is at fault for the accident. This coverage helps pay medical bills for you and any passengers injured in your vehicle during a crash. You are required to select a limit for MedPay coverage. The limit determines the maximum amount of money your insurer will pay for each person injured in an accident. MedPay may be mandatory in your state. However, it might not be required in other states and situations.
Bodily Injury Liability Coverage
Bodily Injury Liability Coverage (BI) is the part of your insurance that helps pay for injuries to others if you’re at fault for an accident. It can also help pay for legal fees if you’re sued for damages. In general, BI is one of the coverages required by most states and is included in most car insurance policies.
Property Damage Liability Coverage
If you’re responsible for an accident, Property Damage Coverage will take care of the cost of repairing or replacing another person’s property up to the policy limit. This typically means damage to someone else’s car, but it could apply to any other type of property you damage in an accident.