hierinsurance

1
Commercial Auto Insurance Myths busted by Hier
Insurance
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• Whenever you are out to buy a commercial auto
  insurance in Los Angeles make sure to have a fact
  check before actually buying the plan. It is not
  important to have an in-depth knowledge however
  your expectation setting from the commercial auto
  insurance plan needs to be realistic and clear.
  This will surely help you in the time of claim
  settlement since you know exactly if you are
  eligible for a claim or not. Apart from that if
  you understand the basics of your commercial auto
  insurance and find a gap in the coverage you can
  balance and cover it with other insurance
  instruments available with your insurance carrier.

3
Seasonal Businesses should cancel commercial auto
insurance in off season

• This is one myth carried by businesses who have a
  seasonal business like tourism professionals who
  might need their vehicles for one part of the
  year. Insurance companies are able to give
  discounts if you have continuous coverage all
  through the year.

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• However in case you are stopping and starting
  commercial auto insurance several times in a year
  according to your season you might end up
  spending more money on your insurance plans.
  Apart from that in case your car meets an
  accident or is damaged during the period of time
  that you dont have insurance you wont be able
  to claim anything from the insurance company.
  Thus it is pertinent to have insurance all
  through the year.

5
Employees driving own cars for business purposes
dont need commercial auto insurance

• Your employees need to have their vehicles
  covered with a commercial auto insurance policy
  if they are using their vehicles for business
  purposes although the primary use of the vehicle
  is personal. Personal auto insurance policies do
  not have a wide scope as compared to a commercial
  auto insurance policy. To get firsthand
  information, call up Hier Insurance and know what
  is covered in a personal auto insurance policy
  and what is not. Apart from that the agent will
  also suggest you about the kind of coverage you
  need to have on the vehicles being used for your
  business.

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• The advantage of getting a commercial auto
  insurance on your vehicle is the coverage you get
  for rental vehicles, tele-matics and GPS
  equipment. Along with that many insurance
  companies cover auto loan and lease gap coverage.
  Thus your business will be protected in case one
  of your employees car meets an accident while on
  a business errand.

7
All Insurance companies work 247

• Many of the insurance companies do have a
  dedicated 247 open line to report losses bit not
  all of them. Generally insurance companies have
  fixed hours of working and you need to plan
  accordingly to get a quote, file claim, talk to
  someone from the insurance company and any other
  business you need to transact. Check with your
  insurance company for their working hours. An
  insurance company that is available 247 has a
  better chance of serving you better since they
  will be able to process your requests, claims and
  expectations whenever you need it. In this fast
  moving world where time is money an insurance
  company that works 247 is truly going to serve
  you in a better manner.

8
Color of the vehicle determines the premium

• Color of the vehicle does not have any impact on
  the premium you are going to pay for your
  commercial auto insurance policy. The best known
  myth is that a red colored car will have a higher
  premium as compared to other colors. The
  insurance company doesnt care what color your
  car is. The factors that really impact your
  insurance premium are the make, model, price and
  engine size, year of manufacture, popularity
  among car thieves and the safety rating of the
  vehicle.

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• As a business owner you need to take care and
  secure the assets being used by your business.
  Many business owners just gasp at the very
  mention of commercial auto insurance however this
  is one aspect of business that needs to be
  addressed quite carefully and promptly.