A commercial automobile or fleet policy is an auto insurance policy designed for the use of your vehicle or vehicles in a business rather than for personal use. Vehicles owned or used by the business or its employees on company business are included.
Our experienced insurance brokers know how to identify and manage many of the risk factors in your business and will translate that knowledge into an insurance package to meet your needs.
Commercial auto insurance ensures your business vehicles are properly protected for physical damage and liability coverages for amounts, situations, and business usage. The policy protects your business vehicle from collisions and other damages that can occur.
Commercial auto insurance covers vehicles like cars, trucks, vans and trailers that are used for business or working purposes. So whether you own a large trucking company, are a Farmer and use your vehicle for farming purposes, are a large or small contractor that uses your vehicle to drive to various job sites, are a local retail store owner that uses your vehicle to pick up stock, you will need commercial auto insurance for all the vehicles you use for business, even if it is only occasionally.
You may need a garage auto policy in addition to a Commercial General Liability insurance policy if you own an auto body shop, automotive repair garage or a similar business where you have customer vehicles in your possession. A Garage Auto policy covers your customers’ vehicles while they are in the care, custody, and control of the garage business.
This endorsement excludes damages to any vehicles a garage owner owns, leases or has registered in the garage owner’s name. Vehicles owned by the garage owner are covered under an Ontario Automobile Policy.
As a result of an automobile accident where you are found at fault, Loss of Use insurance coverage will provide you with a rental vehicle while your vehicle is being repaired. Our commercial insurance experts will explain the different limits that can be purchased for this valuable insurance coverage.
If you have purchased Accident Forgiveness insurance on your commercial automobile and you are the at-fault driver in a vehicle accident, you will be ‘forgiven’ for the first at-fault accident. This means your first at-fault accident won’t affect your insurance premiums and also protect your driving record.
Our commercial insurance brokers at Morison Insurance are here to help. Call us today to get a quote or fill out the contact form on this page to get started.
This content is written by our Morison Insurance team. It is provided for general information only. Insurance needs differ from person to person, and this article is therefore not a substitute for professional advice about your individual insurance needs which can be obtained by speaking to one of our brokers.