How to get commercial auto insurance quotes in Canada
As the second-largest country in the world, Canada covers just under 10,000,000 square kilometers. Canadians share an incredibly long 8,890 km border with the United States, the single greatest international border in the world. And as any business operator in Canada knows, the time it takes to move goods from the furthest east to furthest west corners of Canada is significant. In fact, there’s a staggering 5,514 km that separates Cape Spear, Newfoundland and Labrador from the boundary of Yukon and Alaska.1
If you operate a business in Canada – wherever it’s located – chances are good that the vast distances that separate populated areas present a challenge. More often than not, businesses find creative means by which they bridge geographical challenges. It may be the internet. Or it may be a means of transportation that involves planes, trains or automobiles.
Understanding commercial auto insurance in Canada starts by knowing the scale and scope of risks your commercial autos and or fleet face on a day-to-day basis. The risks your business faces on the road play a major role in commercial auto insurance quotes.
Auto coverage for your commercial business in Canada?
Having the right commercial auto insurance in place is important for the vast majority of businesses in Canada. Across the country, the specific mandatory coverage requirements for commercial auto insurance vary.
This is why working with an insurance broker who understands how mandatory requirements differ across Canadian territories and provinces is super important. Here at ALIGNED, we are proud to deliver commercial auto insurance quotes as well as additional options and value to Canadian business.
Common questions about commercial auto insurance quotes
If you are ready to get a quote for your commercial auto(s) or commercial fleet, take a look at the following timely information. These coverage insights are designed to help you keep rolling in the right direction when you are insuring your business vehicles.
What are accident benefits and how does this commercial coverage help my business? There are key reasons why businesses value auto accident benefits coverage. This type of commercial coverage is designed to provide medical expenses, income replacement and other possible benefits to you and your passengers injured in an accident. Note that depending on the location where your business is in Canada may mean that purchasing accidents benefits coverage is a mandatory requirement of your provincial government.
How many vehicles are considered a “fleet” by Canadian insurance companies? Generally, five is the number of commercial autos that are considered a fleet. This means that if five or more autos are registered under your business name, your group of company vehicles would be defined by the marketplace as a fleet. These vehicles may not be all the same type or model. In fact, your fleet may consist of private passenger, light commercial and or heavy commercial vehicles all of which are registered to your company.
You should be aware that to get a quote for fleet insurance exact pricing will generally vary. Your insurance broker will work with an insurance underwriter who will look at a variety of factors for your auto insurance quotes. Your loss ratio, vehicle usage, geography, driver history and more are among the factors that will be considered in your commercial auto fleet insurance quote.
Some key questions about commercial auto insurance liability
What kind of protection can you get for third-party bodily injury liability? When you are getting your commercial autos insured you need to think about liability coverage. Specifically, any injuries that you, the designated driver or policyholder (i.e. your business) may be potentially alleged to cause to someone else. These types of injuries are what are covered by third-party bodily injury liability.
When you are looking at liability, it is important to note what the coverage will actually cover. In Canada, generally bodily injury claims will include medical bills, loss of income, or pain and suffering. It is also important to note that bodily injury liability coverage is not designed to cover the cost of damage to an insured commercial vehicle.
What are the insurance options for third-party property damage liability as it relates to commercial auto? This is another important consideration when you are looking at commercial auto insurance quotes. Specifically, third-party property damage liability is designed to cover you or someone driving the insured auto with your permission if the insured vehicle damages property owned by another.
In many cases, the property that is damaged is another vehicle. However, that is not always the case. Other damaged property could also be a telephone pole, park bench, fence, municipal recycling and trash receptacles or even a house or commercial property. Third-party property damage liability coverage is also designed to provide you with legal defence should another party file a lawsuit.
Understanding commercial auto insurance
What is individual rating and should my commercial vehicle(s) be rated individually? Personal lines auto policies typically assess each vehicle using a consistent rating matrix is commonly known as individually rated. While commercial auto insurance has similarities to personal lines auto policies they also have differences.
Be aware that individually rated commercial auto insurance departments often operate separately from fleet insurance departments. Not every insurance company in Canada provides both individual and fleet auto coverage. Our commercial auto insurance experts can help you get auto insurance quotes that specifically address how your business uses all of its vehicles.
Commercial auto insurance includes a variety of coverages for you to consider. Some such options include:
- Medical payments insurance
- Funeral expense benefits
- Disability income benefits
- Death benefits
Across Canada, our knowledgeable insurance advocates can deliver commercial auto insurance quotes that specifically address your operations, location(s) and business coverage requirements. Whether you’re renewing insurance for a fleet of vehicles, a single commercial vehicle, expanding operations into a new city or just starting up, when you need an auto insurance quote ALIGNED is here to help!
More to ALIGNED…Get the best commercial insurance in Canada
Here are some additional coverages you may want to look at for your Canadian business. Each one of these can be customized to fit the specific needs of your commercial operations.
- Directors & Officers (D&O) Insurance
- Employment Practices Liability (EPL) Insurance
- Errors & Omissions (E&O) Insurance
- Commercial General Liability (CGL) Insurance
- Cyber Liability & Privacy Insurance
- Office Insurance
- Property Insurance
- Umbrella Liability Insurance
Commercial auto insurance – How to get ALIGNED in Calgary, Toronto, Vancouver and across Canada.
It doesn’t matter where your commercial business is located in Canada. We deliver a different and better insurance experience for all of the Canadian businesses we support.
Every day, we take pride in aligning the best commercial insurance products and services to meet the specific needs of a particular business. Our team knows that the most important thing we do is actively support Canadian business.
If you are ready to work with an insurance team that is dedicated to business insurance, it’s time to get aligned. Want to talk right now about your commercial auto insurance needs in Canada? Call an ALIGNED insurance broker toll-free at 1-866-287-0448 or contact us via email quotes@alignedinsurance.com
Source(s): 1 Statistics Canada – Geography; IRMI ;
Financial Services Commission of Ontario ;
Alberta Superintendent of Insurance (ASI
