Business/commmercial auto insurance coverage in Canada

Augusta

Valued Contributor
Credits
$1.86850
Business auto insurance or Commercial auto insurance is a type of business insurance that offers coverage for vehicles that can be cars, trucks, vans, and trailers that are used for running of the business.

In Canada vehicles that are used to run a business should also be insured. This includes vehicles used for transporting materials, tools and equipment, it also includes vehicle used to transport packaged goods or people in the business.


The truth is that a commercial auto policy in Canada is more like the coverages for a personal car insurance policy. So what the coverage for Business auto policy in Canada

Third-party liability:

The policy will Protect an insured if at fault in an accident that caused injuring or killing to people or damage to property.

Direct compensation-property damage

The business auto insurance covers for insured vehicle and the contents like the dashboard infotainment system even if the insured Is not at fault or partly at fault

The Uninsured auto converage

With this insurance there covering for the insured involved in an accident even with an uninsured driver or even a driver not known that just did a hit-and-run. The insure here will have to pay for damages to the car as stipulated.
 

Bisolami

Active member
Credits
$2.33175
Business auto insurance or Commercial auto insurance is a type of business insurance that offers coverage for vehicles that can be cars, trucks, vans, and trailers that are used for running of the business.

In Canada vehicles that are used to run a business should also be insured. This includes vehicles used for transporting materials, tools and equipment, it also includes vehicle used to transport packaged goods or people in the business.


The truth is that a commercial auto policy in Canada is more like the coverages for a personal car insurance policy. So what the coverage for Business auto policy in Canada

Third-party liability:

The policy will Protect an insured if at fault in an accident that caused injuring or killing to people or damage to property.

Direct compensation-property damage

The business auto insurance covers for insured vehicle and the contents like the dashboard infotainment system even if the insured Is not at fault or partly at fault

The Uninsured auto converage

With this insurance there covering for the insured involved in an accident even with an uninsured driver or even a driver not known that just did a hit-and-run. The insure here will have to pay for damages to the car as stipulated.
I like that. It is very important for a company to insure my bus, car or even trailers that they use to transport goods from one place to another.
ure my bus, car or even trailers that they use to transport goods from one place to another.

Any bus that travels everyday is at high risk of getting spoilt or even having an accident because it is used everyday. If it is not insured, the owner will just be in debt because there is no way the car won'break down and it is surely going to need financial attention. This kind of insurance policy is a good one
 
Top