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If your business involves being on the move in Calgary’s busy streets and roads, it’s crucial to familiarize yourself with commercial auto insurance. Whether you’re a specialized tradesperson relying on your truck for daily work, or a construction company using vehicles, commercial auto insurance provides the necessary coverage, allowing you to concentrate on the future of your business.
As a local insurance provider, we understand the uniqueness of each business in Calgary Canada. We have you covered, from general contractors in Red Deer to oil and gas businesses in Edmonton and Northern Alberta.
Having auto insurance Calgary is essential to safeguard your vehicle and protect yourself from unforeseen expenses. Auto insurance provides financial security in case of an accident, theft, or damage to your vehicle.
We understand how important it is to protect what is most important to you and your business. Our expert insurance advisors are here to protect you and give you peace of mind so you can focus on growing your business. Get your Calgary auto insurance today; you have a right to protection!
Auto insurance Calgary offers several benefits to both individuals and businesses. Understanding these advantages can help you recognize the importance of having proper coverage. Here’s how it gives peace of mind:
Provides Financial Protection – Auto insurance provides financial protection in the event of an accident or damage to your vehicle. It covers repairs or replacement costs, protecting you from significant out-of-pocket expenses.
Provides Liability Coverage – Auto insurance includes liability coverage, which protects you from legal and financial obligations if you cause an accident that results in injuries or property damage to others. It helps cover medical expenses, property repairs, and legal fees.
Give Peace of Mind – Auto insurance provides a sense of security while driving, allowing you to focus on the road and enjoy your journey without concerns about potential financial burdens in case of an accident.
Uninsured Motorist Coverage – An essential part of auto insurance is uninsured motorist coverage. This coverage safeguards you in an accident involving a driver without insurance or inadequate coverage. If such an incident occurs, your insurance will assist in covering your medical expenses and vehicle repairs.
Medical Expenses Coverage – Medical coverage is frequently included with auto insurance, and it covers medical expenses for your passengers in the event of an accident. This insurance will pay hospital bills, doctor visits, and rehabilitation expenses.
Rental Car Coverage – If your vehicle is undergoing repairs due to an accident, auto insurance may provide rental car coverage. This ensures that you have a temporary replacement vehicle while yours is being fixed, minimizing any inconvenience.
Enhanced Resale Value – Auto insurance can also contribute to the improved resale value of your vehicle. A well-maintained vehicle with a history of continuous insurance coverage is often more appealing to potential buyers, as it indicates responsible ownership.
Support in Challenging Situations – Auto insurance can provide critical support in a serious accident or Injury. It can help cover long-term medical expenses, loss of income, and other costs associated with recovery and rehabilitation.
In Calgary, having auto insurance is mandatory for all drivers. However, if you use your vehicle for your occupation, profession, or business, aside from commuting, you may require a commercial auto policy instead of a personal one.
Before determining the type of commercial auto policy you need, have a quick look into considerable factors;
Vehicle Usage
Using your vehicle is the primary factor determining whether you need commercial auto insurance. Commercial vehicles typically serve a specific business-related purpose, unlike personal vehicles. For example:
Your vehicle is used for various work-related purposes and faces different risks than personal vehicles. Conversely, commercial auto insurance may be unnecessary if your commercial use is infrequent and doesn’t involve transporting people or goods, such as occasional deliveries.
Consult our qualified broker at Affordable Quotes Insurance to determine the best coverage for your needs.
Vehicle Type
Your vehicle type also influences whether commercial auto insurance is required or not. Vehicles specifically used for your trade, profession, heavy trucks, and toll vehicles are typically more expensive to replace than other types of cars.
To protect your vehicle adequately, it’s recommended to have commercial auto insurance. Examples of vehicles that would likely need commercial auto insurance when used for occupational purposes include:
Vehicle Ownership
If you are the sole owner of your vehicle, personal auto insurance may be sufficient. However, commercial auto insurance is likely required if a business, corporation, or employer owns your vehicle.
Fleet Protection
If your Calgary or Alberta business owns a fleet of vehicles, it is essential to have commercial vehicle insurance for each car, truck, bus, etc. Commercial auto policies ensure proper protection for these valuable assets while maximizing insurance coverage. All vehicles listed as part of the fleet will be covered for damages and legal actions.
Commercial auto insurance is necessary if you or your employees use a vehicle to transport goods, animals, or people or provide services using the vehicle. Additionally, heavy-duty vehicles utilized for business operations should be insured with commercial insurance.
Commercial auto policies generally offer the following types of coverage:
This coverage is mandatory in any car insurance policy and protects you from damages to another person or their property while driving your vehicle. For instance, if you rear-end another driver while delivering flowers to a client, the third party involved may file a claim against you.
Third-party auto liability insurance ensures you don’t have to pay out-of-pocket for the damages caused by the collision or the medical expenses for anyone injured. It also protects legal costs and potential legal action resulting from the incident.
Also a mandatory insurance requirement, accident benefits coverage protects the driver and passengers involved in a collision, regardless of who is at fault. This coverage typically includes medical payments for treatment due to an injury, essential medical services, essential medical supplies, and wage loss coverage.
Public liability and property damage insurance protect you if you are at fault in an accident. Whether you collide with another vehicle, a person, or an inanimate object like a road sign, being at fault makes you liable for any damage.
This coverage, also known as bodily Injury and property damage, is a fundamental component of all vehicle insurance policies. It can be divided into two parts:
Unlike third-party liability and accident benefits coverage, collision insurance is not mandatory in Calgary. However, if you rely on your vehicle for business purposes, it is crucial to protect it with collision and comprehensive insurance (explained below).
Collision coverage safeguards your vehicle in the event of an accident. While mandatory insurance typically does not cover vehicle damage, collision coverage will pay for damage caused by a rollover or collision with another vehicle, regardless of fault.
Comprehensive insurance is another optional coverage that offers protection against various risks, including theft, hail, vandalism, fires, animal collisions, and other non-driving-related damages.
Especially if you use your truck or van for business purposes, such as selling coffee or transporting equipment, it can be devastating if your vehicle is stolen or damaged and you’re not covered. Comprehensive insurance covers the required cost of repairs and replacements.
As the name suggests, specified perils coverage protects you against specific events (perils) outlined in your policy. It is important to carefully review your policy to understand what is covered under specified perils insurance and what is not. This coverage typically includes damages caused by fire, hail, lightning, theft, earthquakes, and floods.
Commercial auto insurance offers coverage options that are similar to the insurance you have for your vehicle, but it’s important to understand the key differences. Our knowledgeable insurance broker will be pleased to explain the available coverage options, which include:
Bodily Injury Liability:
This coverage protects you against the costs of injuries or fatalities caused by an accident involving one of your commercially operated vehicles. It also covers you in the event of legal action.
Property Damage Liability:
This coverage safeguards you against the costs linked to property damage caused by one of your commercially operated vehicles. It also protects in case of legal action.
Combined Single Limit:
This coverage option provides the same amount for each occurrence, regardless of the number of individuals injured or damaged properties.
Personal Injury or No-Fault Medical:
Including this coverage in your commercial auto insurance policy ensures that medical expenses for the driver and passengers involved in an accident are covered, regardless of fault.
This coverage occurs when the responsible party’s insurance is insufficient to cover injuries sustained by you, your passengers, your employees, or even your property damage. It also protects you in the case of a sudden accident.
This coverage will compensate if your business vehicle is stolen or damaged due to fire, flood, hail, or other perils covered by your commercial car insurance policy.
This coverage applies when your business vehicle is damaged by colliding with an object or being hit by another vehicle. The cost of such damages will be covered under this policy.
Understanding these coverage options is crucial for selecting the appropriate level of protection for your commercial vehicles. Our insurance broker will guide you through the process, ensuring you have the right coverage to safeguard your business and its assets.
As a new driver in Calgary, obtaining affordable car insurance can be a challenge. Insurance companies typically consider factors such as age, driving experience, and the type of vehicle you drive when determining premiums. However, there are several strategies you can employ to get cheap car insurance in Calgary:
Drivers in Calgary’s cosmopolitan city can see the Calgary Tower among its skyscrapers as they cruise through its urban streets. The Peace Bridge is also visible extending into the landscape, crossing the Bow River. Feel confident that your coverage meets your needs when driving your car.
We have a quick and efficient online quoter for Calgary residents, making it simple to get a personalized car insurance quote right now. First, you will need your driver’s license and basic vehicle information. You must also provide information about your driving history and include all relevant drivers.
When completed, the quote will be emailed so you can refer to it anytime. However, the online quote will show you some ways you can save. Select up to three eligible groups to utilize preferred rates for alumni and professionals!
As your leading car insurance brokerage service in Calgary, Affordable Quotes Insurance understands the unique insurance needs of individuals and businesses in this thriving city. Our experienced brokers know how to shop and find you the best coverage options at affordable rates.
Here’s how we can assist you:
Our knowledgeable brokers will assess your needs, explain policy options, and guide you through the insurance selection, ensuring you make informed decisions.
We have established relationships with multiple insurance providers, allowing us to compare rates and coverage options to find you the most competitive offers.
We understand that every driver and business is unique. Our brokers work closely with you to tailor insurance packages that align with your requirements and budget.
In the unfortunate event of an accident or claim, our dedicated team will assist you throughout the claims process, providing support and guidance to ensure a smooth resolution.
Because we facilitate with:
As an insurance brokerage, we are dedicated to serving your needs. We have partnered with leading insurance companies in Canada to offer coverage options that align with your budget.
Our highly skilled brokers are here to provide expert advice and ensure your peace of mind. We do extensive research to find you the best insurance that suits your lifestyle.
Our brokers possess the expertise and knowledge to be your trusted advisors. We support and represent you throughout the entire claims process. Additionally, we continuously monitor rates to identify cost-effective options for you. We always prioritize your best interests, setting us apart with the Sharp difference.
We believe in providing services that cater to your preferences. Whether you prefer phone conversations, face-to-face meetings, our convenient online portal or app, social media interactions, or communication via email, we offer a wide array of exceptional service options to serve you.
We genuinely care about the community where we live and work. Our volunteer program encourages every team member to engage with the community and make a positive impact actively.
Before contacting your insurer for an auto insurance quote in Calgary, having your personal information readily available is convenient. Here are the details you should have at your fingertips:
If your car is financed, you must also provide information about the loan and lender. Having the above information for each vehicle and insured driver is important.
Affordable Quotes Insurance does not provide coverage for personal vehicles. Personal vehicles require a separate personal auto insurance policy. However, if you provide company vehicles to your employees, that falls under a different scenario. Furthermore, if you or your employees use personal vehicles for business, you should consider including hired and non-owned auto insurance in your policy.
No, a commercial automobile insurance policy specifically covers vehicles used for business and commercial purposes. However, if you also use the same vehicle for personal reasons—for example, if you work as a handyman and only have one truck—your policy may also provide coverage for personal use. It’s recommended to consult with your broker to assure you have appropriate coverage based on the various benefits of your vehicles.
Suppose you are a business owner using a vehicle for business-related purposes. In that case, you will likely need commercial auto insurance, particularly if your employees also use the car. For instance, if you own a bakery and have an employee who delivers cupcakes throughout Calgary, you must have proper insurance coverage for your vehicle and ensure that your employee is listed as one of the drivers.
Commercial auto insurance generally covers any vehicle used for commercial or business purposes. This includes buses/transport vehicles, trucks (including semi-trucks, food trucks, box trucks, and pickup trucks), vans (including delivery vans), taxi and rideshare vehicles, service utility vehicles, company cars used for client visits or business locations, and other business vehicles such as farming equipment.
No, commercial auto insurance does not cover the theft of personal or business items inside a vehicle. The policy only covers items permanently attached to the vehicle and used solely for its operation. A separate commercial property policy must be obtained to cover items such as tools and attached equipment like cranes or hydraulic lifts. An individual insurance policy, home or tenant insurance, should cover personal items.
Contact Affordable Quotes Insurance today for comprehensive auto, life, health, and commercial insurance. Safeguard your assets and enjoy peace of mind with our affordable rates. Request a quote now!
Get your free, no-obligation car insurance quote now with Affordable Quotes Insurance. Start your journey on Alberta’s roads with complete peace of mind.
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Getting insurance can be complicated, and involve a wide range of factors. Getting the right insurance policy can help protect your investments, and save you thousands of dollars. At InsureLine, we understand the complexities of finding the right insurance coverage. We are passionate about ‘Simplifying Insurance’, and saving customers money.