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Commercial Auto Insurance

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Commercial Auto Insurance

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Commercial Auto Insurance in Alberta & Ontario

If your business depends on its vehicles for its daily operations, you need commercial vehicle insurance that fits your unique business needs. Sharp Insurance offers a wide range of products to ensure you can easily find the insurance solutions for your business. Vehicles used for business reasons, whether for the transport of goods or customers, need special insurance.

Our skilled and friendly insurance brokers help you find affordable commercial vehicle insurance rates. At the same time, we get to know about your business requirements so you can carry on with your daily operations with peace of mind on the road or in the office.

If you need a comprehensive commercial vehicle insurance for your business, get a free quote today.

What Does Commercial Auto Insurance Cover?

A commercial vehicle insurance policy typically provides coverage for the following:

  • Collision or upset (the cost of repairing damage to a vehicle caused by hitting another vehicle or object)
  • Damage from fire
  • Damage from theft
  • Damage from vandalism
  • Damage from natural disasters
  • Property or bodily injury to you or your employees
  • Injury or death due to a collision on the job

Collision or upset

If you’re driving a company vehicle and you get into an accident with another vehicle or a stationary object (e.g., fence, tree) this coverage typically covers costs for damages.

Comprehensive Insurance

This type of insurance helps cover damage costs to your company’s vehicles caused by non-collision perils, including hail damage, falling objects and more.

Property damage and bodily injury liability

This liability insurance protects you against legal fees due to bodily injury and accidentally damaging someone else’s property while conducting business.

Accident benefits

This coverage pays for medical expenses, rehab costs and more related to accidents on the job.

Contact a Sharp Insurance commercial vehicle insurance broker for more information on secure vehicle insurance for your business.

Commercial Auto Insurance in Alberta and Ontario: FAQs

You likely have some questions about your commercial auto insurance policy and how it works. We have you covered with our frequently asked questions about commercial auto insurance below.

Commercial use and personal use of your vehicles require different insurance policy details. Because commercial vehicles are driven more frequently and often further than personal vehicles, your business vehicles are seen as higher risk. This higher risk translates to higher premiums. 

Personal car insurance is less expensive than insuring company vehicles and has lower coverage options. Some companies permit employees to use their personal vehicles for work. However, these vehicles cannot be covered under a commercial auto policy as they are not owned by the business, so you may need to purchase hired and non-owned auto insurance to cover additional risks.  

Commercial auto insurance is designed to cover the cost of accidents that involve business-owned vehicles, including paying for property damage, legal expenses, medical bills and more.  

You may enhance your commercial auto insurance policy by including protection that covers against theft, vandalism and other types of damages. You may also incorporate collision and comprehensive coverage, depending on the frequency and the value of your vehicles. Work with a Calgary commercial auto insurance broker today to determine the full extent of your coverage needs.

Commercial auto insurance is mandatory for any business that owns vehicles used for business purposes. Vehicles that are owned by employees but also used for business purposes may also need some level of business insurance, as personal auto insurance won’t cover damages and other costs while conducting business operations.

A standard commercial vehicle insurance policy will exclude coverage for personal or leased vehicles. You may, however, be held liable for damages that an employee causes while driving their personal or leased vehicle during the course of business operations. To protect yourself against potential risks, it’s ideal to purchase hired and non-owned auto insurance as an extension. 

Commercial auto insurance is designed solely to cover vehicles owned by a business, but personal vehicles that are used for business purposes may be covered if your business owns a non-owned and hired auto insurance policy. 

Similar to personal auto insurance, the cost of commercial auto insurance depends on a multitude of factors, some of which include: 

  • The number of commercial vehicles owned by your business 
  • Make, model and year of vehicles 
  • Condition of vehicles 
  • Your business’ insurance history 
  • Driving records of your employees 
  • Business location 
  • Coverage options 

For affordable rates, we advise you to work with a Sharp Insurance broker to get the coverage you need at an affordable rate. We work with some of the top-rated insurance markets in the country to get you the coverage you need. 

Why Choose Sharp Insurance for Commercial Auto Insurance ?

Sharp Insurance is one of Canada’s fastest growing insurance brokerages. They always ensure you get a broad range of product offerings thanks to access to multiple insurance markets. Sharp focuses on getting their customers affordable rates, unbeatable service and comprehensive coverage options that help protect your business.

Since their inception in 2009, Sharp has provided innovative tools used to consistently improve their customers’ insurance journeys.

Below are three additional reasons to choose Sharp Insurance for your commercial auto insurance needs.

  1. Customization: With our large network of insurance providers, we give you with the best options for your unique business needs.
  2. Expert advice and customer service:  We offer you risk management recommendations and updates.
  3. Save money: As your broker, we shop around for the best current deals in the market. No questions asked.

Sharp’s philosophy focuses on providing customers with incredible service. We act on and listen to our customers’ needs to give them the best service. For a personal touch, contact one of our skilled commercial auto insurance brokers today to discuss your needs.

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