Commercial Auto Insurance
Commercial Auto Insurance In Toronto
Whether you operate a single utility van or manage a fleet of trucks, we can provide you with the best commercial auto insurance policy that aligns with your specific requirements.
- Trusted by over 1,000 Canadian small business owners!
- Save up to 35% on your insurance
- Competitive pricing and comprehensive coverage
What Is Commercial Auto Insurance?
Commercial auto insurance is a specialized form of insurance that provides coverage for vehicles used for business purposes. Whether you own a small business with a single delivery van or manage a large fleet of vehicles, commercial auto insurance is essential to protect your company’s assets and manage the risks associated with operating on the road.
Unlike personal auto insurance, which covers vehicles used for personal use, commercial auto insurance Toronto is specifically designed to address the unique needs and challenges faced by businesses. It offers coverage for a wide range of situations, including accidents, theft, vandalism, and damage caused by natural disasters or other unforeseen events.
Safeguard your assets, protect your employees, and mitigate potential liabilities on the road. Reach out to us for commercial auto insurance quotes to explore the best options for your business and drive with confidence.
Personal Auto Insurance vs Commercial Auto Insurance
Personal Auto Insurance
Commercial Auto Insurance
Designed for the personal use of vehicles
Designed for business use of vehicles
Limited coverage for business-related activities
Comprehensive coverage for business operations
Lower coverage limits
Higher coverage limits
Typically excludes commercial activities
Specifically tailored to commercial operations
No coverage for employees while using vehicles
Coverage for employees while using vehicles
Limited or no coverage for specialized equipment
Optional coverage for specialized equipment
Premiums based on personal driving history
Premiums based on business and driver factors
Compared to personal auto insurance, commercial auto insurance is specifically tailored to address the unique risks and usage patterns associated with business vehicles. They provide higher coverage limits and specialized endorsements that cater to the needs of commercial operations.
Types of Commercial Auto Insurance Coverage
In Canada, commercial auto insurance coverage can vary based on provincial regulations and the specific needs of businesses. You can consult with Insurance Tiger brokers to decide which coverage is right for you. Here are some common types of commercial auto insurance coverage we provide:
Protect Your Fleet with Tailored Commercial Auto Insurance
Insurance Tiger makes it easy to find the best commercial auto insurance coverage in Toronto.
Whether you have a fleet of vehicles or are just a one-man start-up operation, our specialist has over 10 years of experience in commercial auto underwriting to help assess your needs. Insurance Tiger brokers will do the comparison shopping for you to find the best coverage and the right amount of protection.
Our insurance brokers will do the comparison shopping for you to find the best coverage and the right amount of protection.
We only partner with quality insurance providers to ensure that your good driving record is protected and are able to take advantage of additional options, including claim service guarantees.
Our team will provide you with competitive commercial auto insurance quotes to ensure that you are getting quality insurance coverage at the right price.
Commercial Auto Insurance Policy
We tailor your commercial auto insurance policy to meet your specific business needs in Canada which is a seamless process that ensures you have the right coverage in place. When customizing your policy, several factors are considered to provide comprehensive protection.
To customize your policy according to these factors and ensure your business is adequately protected, contact us today.
How to Determine Commercial Auto Insurance Costs
The cost of your commercial auto insurance is determined on a case-by-case basis, taking into account various factors. These factors include the number and type of vehicles, the nature of your business, coverage limits, and more. The pricing can vary significantly, with monthly premiums ranging from around $100 to $300 or more, depending on your specific circumstances. Various factors play a role in determining the commercial auto insurance quotes, including:
- The type of company
- Type of vehicle
- Number of vehicles requiring protection
- Value and equipment
- Number of drivers
- How often it is driven
- Plan type and limits
- Company insurance and claims history
- Location and organization type
It’s important to note that different insurance companies have varying policies and offerings for commercial auto insurance Toronto. Insurance brokers at Insurance Tiger work independently and represent multiple insurance companies. They have the expertise and industry knowledge to assess your requirements, compare policies from different insurers, and find the best coverage at the most competitive rates.
Competitive Rates, Comprehensive Coverage
At Insurance Tiger, our goal is to provide you with comprehensive coverage at competitive rates. Through our risk assessment, data analysis, insurance partnerships, and personalized recommendations, we strive to find the best insurance solutions for your business while keeping your budget in mind.
Generally, commercial auto insurance must include liability coverage, which provides protection against third-party bodily injury or property damage claims.
Yes, you can cover multiple vehicles under a single commercial auto insurance policy. This is especially beneficial for businesses with a fleet of vehicles as it simplifies the insurance process and may offer cost savings.
Claims in commercial auto insurance Toronto are handled similarly to personal auto insurance. When an accident or damage occurs, you need to report the claim to your insurance provider. An adjuster will be assigned to assess the damages, investigate the incident, and determine coverage. Once approved, the necessary repairs or compensation will be provided.
The cost varies depending on several factors, including the type of vehicles, usage, business operations, driver records, and coverage limits. It’s recommended to obtain commercial auto insurance quotes from multiple insurers.
There is no tax on commercial auto insurance in Ontario. However, the applicable tax rate varies by province. It’s important to consider the tax component when calculating the total cost of your commercial auto insurance policy.
Tools may not be covered under a standard commercial auto insurance policy. However, you can often add coverage for tools and equipment as an endorsement or separate policy. It’s advisable to consult with our insurance brokers to ensure your tools are adequately protected.