Commercial Auto Insurance

Canada isn’t home to as many big name auto manufacturers as the US, Japan, or Germany, and the average non-Canadian would have a hard time naming a Canadian car manufacturer. But those facts don’t paint the whole picture, as Canada’s automotive industry is huge. The country is home to headquarters of big names like General Motors, Toyota, and Honda, it makes over 2 million vehicles a year and is one of the ten largest producers in the world.

That’s a lot of cars and a lot of manufacturing, which is why commercial auto insurance is considered essential for so many businesses across the nation. It provides some much needed peace of mind and assurances, helping companies reliant on the automotive industry to stay on the road regardless of how treacherous it gets.

At KASE Insurance we provide commercial auto insurance in Toronto and offer cover to many companies nationwide. But what is commercial auto insurance, who needs it, and how important is it?

commercial auto insurance man protecting car in toronto

What is Commercial Auto Insurance

Commercial auto insurance covers businesses that maintain a fleet of cars, regardless of how big or small that fleet is. It is the business equivalent of personal auto insurance and provides cover for the same things, in addition to a few extras that are specific to the needs of a business.

Why is Commercial Auto Insurance so Important

In some cases, personal auto insurance will be enough to cover an individual running a small business, even if they rely heavily on their vehicle. This may be the case for self-employed drivers.

However, this is rarely the case for larger companies that give control of their vehicles over to their employees. This is when commercial auto insurance becomes essential. If you have an accident as an uninsured driver you can get into a lot of trouble, including many financial ramifications, and as a business you may be running this risk on a daily basis if you do not have comprehensive commercial auto insurance.

What Does Commercial Auto Insurance Cover

Commercial auto insurance provides some of the same cover that you would find on a personal auto insurance plan, including cover in the event of collisions and personal injury payouts. The difference is that it provides this cover for much more than your personal vehicle and extends across all vehicles in your business, from cars to trucks and bikes.

The extent of cover will depend on the type of policy, but commercial auto insurance policies can include some or all of the following:

Bodily Injury: Covers the business in the event that one of their vehicles is responsible for an accident that results in injury or death. The policy can also include coverage for the driver and passengers, paying out in the event of injury even if they were at fault.
Property Damage: Pays out in the event that a vehicle damages another person’s property, covering the cost of the damage and potentially providing assistance with any resulting lawsuits.
Other Damage: Payouts can also be made in the event that a vehicle is stolen or vandalized. It may also cover damage from disasters such as floods and fires.
Uninsured Motorist Coverage: Can cover both injury and property damage that results from an uninsured motorist.

In all cases, a comprehensive insurance policy would provide support and assistance in addition to funding.

Who Needs Commercial Auto Insurance

If you run a business that operates a vehicle, then you should look into commercial auto insurance. The first step will be to see if your personal auto insurance covers you. In the event that it does not, then you will need commercial auto insurance.

This is true for all vehicles, not just cars. Everything from motorbikes to food trucks are included in this criteria.

Why go with KASE Insurance

KASE Insurance specialize in this sector and are one of the leading commercial auto insurance companies in Toronto. We work with businesses across the country, providing commercial auto insurance and other essential business insurance policies.

We offer a customer-centric approach and are always looking to adapt and innovate, staying ahead of the competition by offering clauses and policies that few of our competitors provide. Our services have been recognized by industry experts and we work with some of the biggest up-and-coming brands in the country, as well as a host of small businesses, entrepreneurs, and professionals.

If you want the most comprehensive commercial auto insurance in Toronto, look no further than KASE Insurance.