Do you drive your car or vehicle for business purposes? Vehicles are a vital part of business operations. You need to protect them just like any other part of your business. Having a proper commercial auto insurance policy in place is a must.
Commercial auto insurance is for Ontario businesses that rely on vehicles. Do you have a business car? Own a couple of commercial trucks? Operate a fleet of vehicles? Its important to find the right policy to meet your business driving needs.
ThinkInsure has been providing affordable Ontario commercial auto insurance coverage for over 45 years. We offer you a wide range of commercial auto insurance solutions to meet your needs and fit your budget.
You have commercial auto insurance options with ThinkInsure. Get the coverage you need for your vehicle type, use, and size of fleet. Customize your policy. Our commercial car insurance experts will help you find the best coverage for your business. Choose from standard, optional, and enhanced coverage solutions.
Get third party liability, direct compensation property damage and accident benefits coverage.
Add to your policy with collision, comprehensive, all perils, or specified perils options.
Maximize your coverage with enhancements. Get replacement vehicle, rental vehicle coverage, write off protection, driving record protection, and industry specific solutions.
Determining the average cost of commercial auto insurance is done on a case by case basis. There are many factors that contribute to the cost of a commercial auto insurance policy. The number and type of vehicle, business type, coverage limits and more are all considered.
Commercial auto insurance costs could range from $100 per month to $300 per month or more depending on the type of risk.
Speak with a commercial auto insurance expert to assess your coverage needs and compare quotes.
Do you have a construction business? Are you a travelling salesman in Ontario? Are you a consultant who frequently visits client on site in Toronto? You will need commercial auto insurance for all the vehicles you use for business.
Many people incorrectly assume they can use their personal vehicle to conduct business. This is not true. Commercial auto insurance requirements depend on vehicle use and how it is registered.
You need a commercial policy if your vehicle is owned by the business and used in the following ways :
Even if you only use it occasionally, you need commercial insurance to ensure you are covered when doing business.
Where they differ is in the type of risks, coverage limits, and types of policies available. Personal car insurance coverage is catered to individual and things that are personal. Commercial car insurance policies are customized to offer coverage for all types of businesses and business vehicle functions.
One thing they have in common is personal auto insurance will not cover business activity and commercial auto insurance will not cover personal activity.
For example, if you were using your personal vehicle for business purposes and were involved in a car accident, your claim could be denied if you did not have a commercial auto policy.
Tell us about your commercial auto insurance needs. Answer a few questions. Our commercial insurance experts will find you the coverage you need to protect your business vehicles at the lowest rate.
Not sure which coverage you need to include in your commercial car insurance policy? We are happy to talk you through the commercial vehicle insurance quote process.
Tell us a bit about you business, your business vehicle and your coverage needs.
We’ll compare rates from the top commercial auto insurance companies.
We'll help you select the best rate and coverage. So you save on insurance for your commercial vehicle.
Many business owners, especially those with home-based businesses, use their vehicle for personal and business purposes. This is perfectly fine to do.
If you use your car for business, then you need a commercial auto policy. This ensures you have coverage when you use your vehicle for business. Without a commercial auto policy, you could have your insurance claim denied.
Adding "business use" coverage to your policy will result in higher premiums for business car insurance. Using your car for business without commercial coverage is not a risk worth taking.
Are you unclear about the difference between commercial car insurance and regular Ontario car insurance? Here are some things to think about when deciding which type of policy you need :
Using your car for business is associated with increased risk. This is a main reason why insurance premiums for commercial cars are higher. Business vehicles are used differently and more frequently. Here are some reasons why insurance for business vehicles costs more :
Have more questions about commercial auto insurance? Check out these commonly asked questions about commercial auto insurance cost, coverage, and quotes :
If you are in an accident with your business vehicle without proper coverage, your claim could be denied. Failure to secure the right type of coverage exposes you to greater risk and liability. You could also have your policy cancelled and have issues getting coverage in the future.
There isn’t a single insurer that offers the best commercial auto policy. It depends on your business needs. Insurers offer different business car insurance products and packages. Comparing your options is the best way to find what you need at the best rates.
No. Commercial auto insurance policies cost more than personal auto insurance. There are greater risks, larger policy limits, and a variety of expansive coverage options that increase the cost for commercial insurance coverage. Even if you have the option to add a business use policy rider, you will still need to pay an additional fee that is above and beyond your personal rates.
The business owner and employees of the business typically have coverage under a commercial auto policy. Refer to your policy to verify who has coverage. You can always add new drivers to your policy.
There are many insurers who offer commercial auto insurance in Ontario. They include Aviva, Intact, Economical, Wawanesa, Travelers, and many more. We can help you compare commercial auto insurance quotes from all insurers. Get more options and find the best rates.
Yes can be at risk if you do not have the proper coverage and you use your vehicle for business. Speak with your insurance advisor. They can help you choose an insurance policy endorsement, or add on coverage, or help you choose the appropriate business car insurance coverage to ensure you are covered when using your personal car for work.
A commercial fleet policy is for businesses with multiple vehicles. The coverage is similar to standard commercial auto policies. It just applies to a large number of vehicles. Policies can be applied to small and large fleets.
Yes. You need a business car insurance policy if you transport clients or perform other business activities using your personal vehicle, due to greater risk and liability.