Commercial auto insurance is meant for cars and trucks you use for business purposes. Depending on who you work for or the type of business you own, your coverage options vary. Make sure to add on your employees and anyone driving company vehicles for business purposes. This includes your own car if used during the course of your duties at transportation-related or other jobs that require driving.

Check with your Brock and Poole Insurance Agency in Collierville, TN about the types of coverage that would benefit your business. Here is some information to help you prepare.

Who Needs Commercial Auto Insurance?

Commercial vehicles used in trucking, pickup, chauffer, taxi and other transportation-related industries need to be covered by commercial auto insurance. Even if you drive your own vehicle for work, you should consider a basic policy that protects your commercial assets in the event of an accident.

Taxis, vans, limos, and other vehicles need commercial auto insurance. Let’s look at the types of coverage.

Types of Coverage

Your financial institution typically requires comprehensive and collision coverage if you still make payments. This pays for damages and personal injury that occurs while the vehicle is being used for work. Here are other policies to think about:

• Uninsured motorist insurance pays for damage when you are in an accident with an uninsured driver with no insurance.
• Personal injury protection (PIP) helps pay for medical costs if you’re involved in an accident and it also covers lost wages

These are just some of the coverage possibilities for commercial auto insurance in Collierville, TN. Your Brock and Poole Insurance Agency professional can provide insight into the best options for your business.

Contact Us

Contact Brock and Poole Insurance Agency in Collierville, TN to speak with an agent for more information. Make an appointment to get a quote for your commercial auto insurance policy.

By making wise commercial insurance choices, you can protect your business against natural disasters. Commercial insurance protection will keep you from financial ruin if disaster strikes and will help you make a speedier business recovery. At Brock and Poole Insurance Agency, we can provide you with a customized commercial insurance package to suit your Collierville, TN business needs.

Here are a few ways commercial coverage can protect your business against natural disasters.

Property Protection  

Whether you own or rent your business location, you’ll need insurance coverage to protect your building, business equipment, and inventory. Natural disasters like lightning, wind, hail, and snowstorms can cause serious damage to business property. Property insurance coverage will pay for the repair of your building or replacement of equipment and goods so you can move forward.    

Liability Protection

General liability insurance protects your company against a lawsuit in the event customers are hurt on your business property. If a disaster strikes during business hours and customers sustain injuries due to broken windows or flying objects, your liability coverage will pay for their medical costs. In the event of a lawsuit, liability insurance will cover legal expenses as well as a settlement to protect your business assets.

Workers’ Comp

Your business should have an evacuation plan to protect employees in the event a disaster strikes while they’re on the job. By planning ahead, you make it easier for employees to escape dangerous situations during a disaster to avoid injury and harm. In the event of accidental injuries, your workers’ comp coverage will pay for medical expenses and lost wages of workers as they recover.

Advanced planning is key to protecting your business against disasters. A comprehensive commercial insurance policy from Brock and Poole Insurance Agency will protect your Collierville, TN business against catastrophes.  

Your home in Collierville, TN is one of your biggest investments, if not your biggest. You are probably depending on having your home until retirement, or at least using the principle when you decide to move. That is why protecting your home is so important, for you and your family. 

At Brock and Poole Insurance Agency, you can find a homeowners policy that will suit your needs. You will need to make sure that the value of your home and all the possessions inside are covered, including your furniture, clothing, and appliances. 

But what happens if you get a roommate? Since your policy covers all your possessions inside your home, will it also cover your roommate’s? 

Your insurance policy is a contract, and the terms of the contract are spelled out clearly. If your roommate is not named as someone who is covered under the contract, his possessions will not be covered. In fact, your roommate will probably be considered a renter.

He will also not be able to take advantage of other benefits of the insurance policy. For instance, if someone tries to sue your roommate because of an injury caused by the roommate on your property, the insurance company will not provide counsel or pay out on the claim. Also, if a catastrophe were to happen which caused you to not be able to live in the home, like a fire, temporary accommodation will not be offered to someone who is not on the policy.

If you have a home in Collierville, TN and have any questions about homeowners or renters policies, please feel free to contact Brock and Poole Insurance Agency today for a free evaluation and quote. 

As a business operator in Collierville, TN, you have a number of worries and concerns that escape the notice of most people. One such worry concerns protecting yourself and your business in cases of liability. If your company owns or operates vehicles, then you need to add commercial insurance to this consideration. To make this easier, Brock and Poole Insurance Agency is here to demystify the requirements and necessities of this less-common type of coverage.

Minimum Requirements

Insurance requirements vary by state, and they change over time. As of the time of this writing, Tennessee is a modified comparative negligence fault state. That’s a lot of technical jargon to say that if your Tennessee business is involved in any incident that causes property damage or personal injury, you will be liable for payments. The amount of your liability is determined by how much of the accident is ruled to be your fault. But, even if you are only 1 percent at fault, you could be charged with paying.

Despite the risk that comes from operating in a modified comparative negligence state, your business is not legally obligated to purchase commercial insurance. You are free to take risks in this regard as you see fit.

Protecting Your Business

While you won’t break the law by skipping commercial insurance, it is a particularly dangerous decision in Tennessee. The state is pretty standard when it comes to property damage, but personal injury is a different story. Tennessee puts no hard cap on payment awards for personal injury. Since you could be on the hook even if your business or employee is only 1 percent at fault, this recommends a huge financial risk. Medical expenses, lost wages and anything else a crafty lawyer can tack onto a claim could be yours to pay.

So, if you want to get the right insurance for your business, you need sufficient liability coverage. The exact amount that you want will depend on your business’s assets and operations, but any business with commercial vehicles is considered to be in a higher risk category. Driving on the road puts you in frequent contact with situations that could spell trouble. We recommend you contact your Brock and Poole Insurance Agency representative to see what packages create the most affordable coverage options for businesses in Collierville, TN.

 

When it comes to making good money, one of the most commonly overlooked careers is that of a hairdresser. In fact, did you know that some hairdressers make upward of $45,000 a year? That’s quite a bit of money, especially when you own your own salon and you don’t have to pay to rent a hair station from someone else. As a hair salon owner, though, it is of the utmost importance that you take into account the various types of insurance you need to invest in, with one of them being commercial insurance. For now, let’s take a quick look at the benefits of commercial insurance for hair salons. 

With a commercial insurance policy, you will receive general liability insurance, which is extremely valuable to those who own a hair salon. With this type of policy, you will have coverage for claims related to libel or slander, negligence on the part of you or your employees, harm due to faulty products, and more. Another excellent reason to have this type of insurance is because it will provide coverage in the event that someone is injured on your business property. 

As the owner of a salon, you have unique circumstances that point toward the need of having commercial insurance. For example, if a customer was to endure severe burns because of a certain dye you used, then you may be responsible for covering the accompanying medical expenses. With a commercial insurance policy, you can have peace of mind in knowing you won’t have to dip into your own pocket to pay for these expenses. 

To learn more about commercial insurance for your salon, please contact Brock and Poole Insurance Agency serving the Collierville, TN area. 

Each business is different and therefore will have different insurance needs. However, there are a few general reasons why you need to invest in commercial insurance from Brock and Poole Insurance Agency serving Collierville, TN. When you learn what these reasons are, you will understand why this investment is so important. 

To Protect Your Business

If you are like most people, your business is your livelihood. As a result, you need to make sure that you have a means to protect it. For example, if someone were to fall at your business and suffer a traumatic brain injury, and it was determined that the fall was the result of your negligence (in some way) you would then be liable to pay for their medical bills and other legalities. If you don’t have commercial insurance, this could ruin you. However, with insurance, you have a way to pay a lawsuit and stay afloat. 

To Protect Your Employees

Any good business relies on its employees to keep it running. There are several types of insurance that business owners should have, with one of them being workers compensation insurance. This policy provides compensation for workers who are injured while on the job. If you don’t carry this type of coverage, your employees may begin to think you don’t care about their well-being, and this is another situation where you may be facing a lawsuit after an injury occurs. 

To Protect Your Customers 

If you don’t have customers, you don’t have a business. Make sure your customers are protected by having adequate general liability insurance. This provides protection for any situation where a customer may be injured or suffer damage to their property. 

As you can see, there are three good reasons that you need to invest in commercial insurance. Learn more about the policies available by contacting the staff at the Brock and Poole Insurance Agency serving Collierville, TN.