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Why Your Business Needs Commercial Vehicle Insurance

While personal auto insurance is commonly used throughout Canada to cover expenses from accidents and damages done to your vehicle, most policies do not cover vehicles used for business purposes. If you are using your car for deliveries, shipments, or even driving to meetings, your typical auto insurance policy won't cover you. 

When you have a business that involves using cars or vehicles, it's crucial to ensure that you are covered under the right insurance policy and that you are well informed of what your plan covers. 

This article will discuss what a commercial vehicle insurance plan entails and how it can help protect your business from claims, lawsuits and accident expenses. Read on to discover why your business, big or small, needs commercial vehicle insurance. 

What Is Commercial Auto Insurance?

Essentially, you need commercial vehicle insurance if you own a business that uses a car or company vehicle. This insurance differs from your personal auto insurance. 

It protects you, your employees/drivers and clients who may ride as passengers in your vehicles. It also covers you if your company car receives damage while unloading/loading shipments, which is great for delivery services or businesses. 

Commercial auto insurance will be your best bet to protect your company vehicles regardless of your business type. Most of these policies cover liability (if death, injury or damages occur from your company car), accident benefits (if you or your employees sustain injuries in an accident), and loss or damage (covers fire, theft, vandalism and other damages). 

Please don't make the mistake of thinking your personal auto insurance will cover your company vehicles, too. Understand your policy and make an informed decision based on what it entails.

Benefits of Commercial Auto Insurance

Here are the benefits of commercial auto insurance for your company.

Protect Your Business and Assets

To protect your business and one of your most significant assets (your vehicles), you must choose commercial vehicle insurance. As a business owner, you know exactly how much money and effort goes into maintaining your company cars. Maintaining company cars is even more necessary if you own a fleet.

You want to make sure your assets are protected and insured in the event of an accident. Remember that accidents usually happen unexpectedly, so it's always better to be safe than sorry regarding vehicle insurance.

Frequently Used Vehicles

Commercial auto insurance will benefit your business if you own company vehicles that you or your employees frequently use. Typical uses include transporting goods, driver training or transporting clients, such as in the case of taxi services. 

An accident can happen at any time, so it's essential to have your insurance in place to protect your business, and your employees should something go wrong. The more often your cars are on the road, the more likely it would be for an accident to occur.

Coverage for Replacement Cars

One significant benefit to commercial auto insurance is that it will cover the cost of replacement cars for your business should your main cars require repair. Accidents that happen and the damages from them can keep your company's vehicles in the repair shop for weeks on end. 

Instead of losing money and being out of work while your cars are getting fixed in the shop, your career can resume as normal with replacement car coverage. Replacement car coverage is one way commercial auto insurance can save money and help your business thrive.

Peace of Mind For Your Business

When it comes to owning a business, there are many factors that business owners need to consider. Choosing the best commercial insurance for your business car takes some of the pressure off of worrying about potential accidents, risks and vehicle damages. 

You can rest assured that you receive coverage in the event of an accident or dire situation. After all, business owners have enough on their plate to worry about. Gain peace of mind by taking out commercial vehicle insurance today.

 Proper insurance is essential, especially when you run your own business. You are responsible for your vehicles and the safety of your employees while they are on the job. Make sure you are choosing the right insurance and not just relying on your personal auto insurance, which does not include company cars and heavier commercial vehicles. 

For more information on commercial vehicle insurance and to get a quote, don't hesitate to get in touch with Ron Johnston Insurance at 705-410-3924 or contact us here. Our insurance agents are knowledgeable, professional and courteous. 

We will work with you to attain the best price and insurance policy to fit your needs. Contact us today for more information on our services.

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