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Fact vs. Fiction: Commercial Auto Insurance

By December 7, 2016 April 1st, 2019 No Comments

As business owners, you are likely aware of the long list of obligations and responsibilities that are required of you. For example, hiring the right employees, providing a safe workplace, and obtaining the right Delaware Business Auto Insurance are all necessary priorities. However, there are various myths and misunderstandings circulating about this coverage which need to be expelled to keep business owners aware and informed about their policies.

Fiction: Bundling is always better.

While many companies offer discounts for bundling multiple policies, it’s important to do your research on the rates they offer before settling on one provider. Ask your trusted insurance expert about what discounts might apply to your business and individual circumstances, as well.

Fiction: All companies offer 24/7 support.

This is a common misunderstanding when it comes to insurance providers. While some offer 24/7 support and roadside service, this is not a universal feature. If your employees are on the road at all hours of the day and night, consider utilizing a service with 24/7 support.

Fact: You shouldn’t cancel your policy during the off season.

Many business owners believe that their seasonal business doesn’t need to be protected year-round. However, canceling your policy can lead to having to pay for the damage out of pocket during the off-season. For example, if any of your vehicles are damaged or are victims of theft and vandalism during the off season, your insurance policy wouldn’t cover it, says Quote Pie.  In addition, reinstating your policy during the peak season might lead to increased premium rates.

About Insurance & Financial Services

At IFS Insurance, we specialize in protecting business likes yours throughout Delaware, New Jersey, Pennsylvania, and Maryland. Our quality solutions and commitment to excellence have allowed us to serve these states for over 50 years. For more information about our products, we invite you to contact us today at (855) 259-2428.