Auto Insurance Quote – Get ALIGNED With More Auto Insurance Options
If vehicles are used to drive even a small part of your business, it’s important to have the right auto coverage in place. Our advocates understand how mandatory requirements differ across provinces and territories and are able to deliver not only an auto insurance quote but more coverage options and value.
Whether you’re renewing insurance for a fleet of vehicles, a single commercial vehicle, expanding operations into a new city or just starting up, when you need an auto insurance quote ALIGNED is here to help!
We’ve also prepared the following coverage Q&A’s can help your business keep rolling in the right direction.
Q. What’s the minimum number of vehicles considered a fleet?
A. If you have 5 or more vehicles – such as private passenger, light commercial or heavy commercial – registered in your company’s name, this group will be typically defined as a fleet. Pricing for fleet insurance varies and is negotiated by the broker and underwriter based on a number of factors including the loss ratio, vehicle usage, geography, driver history and more.
Q. Should my business vehicle(s) be individually rated?
A. Another form of commercial auto insurance, which is similar to personal lines auto policies which assess each vehicle using a consistent rating matrix is commonly known as individually rated. Often, individually rated commercial auto departments operate separately from fleet insurance departments and not all insurance companies provide both types of auto coverage. We can help you get an auto insurance quote that specifically addresses how vehicles are used by your business.
Q. What is BI or Third-Party Bodily Injury Liability?
A. Injuries that you, the designated driver or policyholder (i.e. your organization) are alleged to cause to someone else are covered by third-party bodily injury liability (BI). Claims for bodily injury include medical bills, loss of income, or pain and suffering. Note that BI does NOT cover the cost of damage to your organization’s vehicle.
Q. What is PD or Third-Party Property Damage Liability?
A. Meanwhile, third-party property damage liability (PD) covers you or someone driving the auto with your permission if the vehicle damages someone else’s property. Typically, the property is another vehicle, but it could be a fence, telephone pole, house, etc. PD coverage also provides you with legal defence if another party files a lawsuit against you.
Q. How do Accident Benefits work?
A. Accident benefits coverage can provide medical expenses, income replacement and other possible benefits to you and your passengers injured in an accident. Depending on where you live, accidents benefits coverage may be mandatory.
There are many additional types of auto coverage to consider include medical payments insurance, funeral expense benefits, disability income benefits and death benefits. Across Canada, our advocates can deliver an auto insurance quote that specifically addresses your operations, location(s) and coverage requirements.
Sources: IRMI Financial Services Commission of Ontario Alberta Superintendent of Insurance (ASI)
| ALIGNED Across Canada 100% Canadian owned, ALIGNED is a premiere insurance brokerage that serves more than 1,400 clients across the country. ALIGNED’s offices in Toronto, Calgary and Vancouver are supported by a national operations centre in Cambridge, Ontario. Uniquely within the industry, ALIGNED creates, negotiates and delivers the best business insurance and risk management strategies/solutions to organizations like yours. |
