Commercial auto insurance covers company-owned vehicles, including the trucks, company cars, and vans used in conducting your business. Whether you’re a small business or large corporation, we’re here to help find you commercial auto insurance to protect from the unexpected.
What is Commercial Auto Insurance?
Commercial auto insurance covers situations not covered by a personal auto insurance policy. In Canada, any vehicle used to transport clients, goods, tools or equipment typically requires commercial auto coverage. Similar to a personal auto policy, it covers liability, vehicle damages, personal injury, medical costs, and provides financial protection in case you or your drivers are involved in an accident while on the job. Additional coverage can be added to your plan including repairing stolen vehicles, renting replacement vehicles, and more.
There is no business too big or too small for commercial auto insurance.
How Much Does Commercial Auto Insurance Cost?
Several factors affect the rates that vary from business to business. Prices are dependent upon the number and type of vehicles, how often they are driven, where they are driven, where the vehicles are stored, number of drivers, driving record of the drivers, coverage needed, deductible amount, and more.
There are ways your company can save on your commercial auto insurance costs, some including:
- Being exclusive with who you let drive
- Provide and require specific training
- Ensure regular maintenance and inspections
- Secure your vehicles to avoid theft
- Use winter tires
- Raise your deductible
Who is Covered to Drive my Commercial Vehicle?
Your commercial auto insurance policy can cover employees, family members, and others as drivers. Anyone who drives the vehicle on more than just a rare occasion should be added as a driver to the policy.