Insurance for business vehicles and fleets
If a vehicle is used for business, tell your broker how it is used and who drives it. Commercial auto coverage may be needed. Like personal auto insurance, a commercial policy can include liability for injury or property damage, applicable injury benefits and, where selected, comprehensive and collision coverage for the vehicle.
A business that owns or leases several vehicles may find fleet insurance more convenient. A-Z Insurance can help explore commercial auto and fleet solutions suited to your business and industry, and provide a quote.
Coverage needs to discuss
Depending on the insurer and policy, the following may require specific endorsements or separate coverage. Confirm what is included rather than assuming a standard commercial auto policy covers them.
- Damaged or stolen merchandise, samples and business property, including laptops.
- Lost revenue caused by covered transportation disruptions.
- Vehicles rented for business trips.
- Liability exposures when employees use their own vehicles for business.
- Valuable cargo while in transit.
- Any temporary automatic coverage for newly leased or purchased vehicles, including reporting requirements and time limits.
Make the most of commercial auto and fleet coverage
- If executives receive vehicle-related incentives or use vehicles for business, check that their insurance reflects the actual use even if your company has no fleet policy.
- Claims experience, years of driving, deductibles and coverage choices can significantly affect premiums.
- Review the situations your drivers may encounter, including merchandise losses, theft and driving outside Canada.
Important coverage information
This information is a general reference only. Coverage availability, eligibility, limits, deductibles, exclusions and claims are governed by the insurer's policy wording and any applicable endorsements. Ask your broker to confirm the terms for your situation.
Let’s find the right coverage.
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