Commercial auto insurance, often known as commercial vehicle insurance or business auto insurance, provides coverage for commercial vehicles. Commercial coverage is required in Canada for any vehicle that transports customers, materials, goods, tools, or equipment.
A Commercial Vehicle Insurance Canada policy is identical to a personal vehicle insurance policy. Accident benefits coverage, third-party liability coverage, direct compensation property damage, and uninsured motor coverage are all required components of both.
Additional coverages for specialised equipment (e.g., an aerial ladder on a fire vehicle) or industry-specific usage are available with commercial insurance. Coverage for trailers hitched to your vehicle and loading/unloading liability for delivery trucks are two typical business add-ons.
