Commercial Auto Insurance in Canada

When your business travels to project sites carrying tools and materials of your trade, deliver goods, picks up supplies, or requires a sturdy truck to transport large equipment and materials, you count on company vehicles to reach customers across Atlantic Canada and beyond. Company vehicles are essential assets that help keep your business running and your customers happy. You need them revved up and ready to go 24/7. But what happens if you are in an accident?

A commercial auto insurance plan helps you secure these key assets and restore the flow of pickup and delivery operations. This comprehensive protection plan covers the cost of damage to company vehicles at rates that your business requires, so your products and services can hit the road again, safely.

Who Needs Commercial Auto Insurance?

Commercial auto insurance may cover both company-owned vehicles and those owned by employees but used for business.

Commercial auto insurance is a necessary investment for businesses running delivery services, supplying products, transporting equipment across locations in Nova Scotia and New Brunswick, and making frequent sales calls to various customers in the area.

Commercial Auto Insurance Coverage

Whether you have a single pick-up truck used by your home construction business, a schedule of heavy equipment for large commercial operations, or long-haul trucking or logging, Archway will work with you to design a commercial auto package that ensures your vehicles and drivers are protected, as well as your business should they be involved in an accident or cause damage.

• Third Party Liability coverage: This covers bodily injury or property damage claims brought forth by an innocent Third Party who holds you responsible for injuries or damages caused by your negligence.
• DCPD coverage: Direct compensation property damage, or DCPD, is a mandatory form of auto insurance in NS & NB. It is included in all basic car insurance coverage along with third party liability and accident benefits coverage. Under DCPD, you deal with your own insurance company to get your vehicle repaired even if someone else was responsible for the accident. The purpose is to ensure your vehicle is repaired or replaced faster, without worrying about having to deal with the third party’s insurance company.
• Collision coverage: this covers the cost of repairing your damaged commercial vehicle as a result of a collision involving another vehicle or object on the road or even just sliding into a ditch.
• Comprehensive coverage: this covers damaged vehicles other than by collision, such as stolen vehicles, vandalism incidents, fire and animal impact.
• Accident benefits: this includes medical or rehabilitative treatments or funeral expenses for injured or deceased persons in your company vehicle.

Liability Coverage

In cases wherein your commercial vehicle is found liable for causing an accident, you may be required to compensate other parties for injuries and property damage they suffered. Your commercial auto insurance policy covers these costs along with legal fees and settlement awards. This is to avoid expensive and sudden out-of-pocket expenses that can quickly bankrupt any business without the right coverage.

Uninsured Motorist Coverage

Auto insurance policies are required for all drivers; unfortunately, not everyone you encounter on the road follows the law. If you’re involved in an accident caused by an uninsured motorist, your insurance policy will respond.

If the driver who caused the collision is uninsured, this doesn’t mean that you’re left to shoulder the cost of repairs on your own or agree to an off-book arrangement wherein they compensate you directly. When you’re dealing with a negligent driver who’s on the road without proper insurance, that’s not a risk you want to take.

You can purchase a commercial auto insurance policy that will cover property damage caused by uninsured or under-insured motorists. Even if they only carry the minimum coverage limit, which wouldn’t be enough to cover the cost of repairing your company vehicle, you can count on your commercial auto insurance policy to cover property damage and injuries by purchasing the right coverage.

Ask Our Brokers

At Archway Insurance, our brokers are committed to helping businesses in Nova Scotia and New Brunswick succeed. This means protecting the tools you use to reach customers, pick up supplies, and do your best work.

Our brokers work with major insurance providers in Canada to help you find the best commercial auto insurance policy for your company vehicles and equip you with cost-saving liability, property damage, and personal injury coverage. Trust our brokers to help secure the future of your business, starting with custom-tailoring a comprehensive protection plan for your cars and trucks on the road.