Find the Right Commercial Auto Insurance Plan
If an accident occurred involving one of your commercial vehicles, would your current insurance policy cover the damages? Are you prepared to handle a company vehicle breaking down unexpectedly? Without proper coverage, events like these can lead to costly repairs, legal action, or a significant interruption to your normal business operations.
At Jeffery & Spence, our commercial insurance offers protection from a wide range of risks, with policies tailored to fit your specific requirements. Whether you are an independent operator or you own a large fleet of vehicles, our team can provide the commercial auto coverage that you need to stay protected.
Our brokers will start by meeting with you to discuss the specific details of your business, so we can select the appropriate type of coverage for your commercial vehicles. Your coverage will depend on the use, range, and type of vehicles owned by your business. We’ll work to find you cost-effective insurance plans, so you can receive the most value at the lowest cost.
Partners with More Than 15 of the Most Reputable Insurance Companies in Canada
“So over the moon happy with these guys. I was a first-timer today, extremely nervous about taking another step toward “adulting” by getting my own auto insurance. And when I say nervous, I mean NERVOUS. Dave was MORE than helpful. His personality put me at ease, and the way he explained things made me go from feeling anxious to comfortable. Dave did more than help me get my own insurance. Dave made me feel like it was just a normal conversation between people. Whereas other conversations have gone with other companies, I felt like a stupid kid in their 20s that didn’t know what they were doing. It’s comforting to know that now, in the future, when I need home insurance, etc. I know who to call. Thanks a million, Dave.”
— J. Indoe
“The Jeffery & Spence team is wonderful. They have insured my assets for over 4 years. When I switched over from my old provider they made it easy. They were honest and reliable. I started simply with a call out for car insurance. They were able to take a look at 5+ companies and make sure I had the proper coverage at a great price. (They beat my old provider by $300). Slowly and surely as other asset insurance policies were coming to an end (home, business, additional vehicles) it only made sense to call over and get a quote. Additionally, there is customer service like no other. I call in frequently for updates and questions and whether it’s the front desk or managers I have never felt like I was asking a stupid question. Jeffery & Spence is awesome and you owe it to yourself to just give them a call.”
— C. Pavao
Coverage Options for Commercial Auto Insurance
You need to be prepared for the unexpected and, with the variety of coverage options available, it’s essential to understand the different types of commercial auto insurance policies — so you can find coverage that best suits your business needs. Some of the most common coverage options include:
Accident Benefits Coverage:
Provides coverage for medical expenses and more, regardless of who is at fault in the event of an accident.
Bodily Injury Liability Coverage:
Covers the costs associated with injuries to other parties involved in an accident for which you or your employees are found responsible.
Covers the cost of repairs or replacement of your commercial vehicle if it’s involved in an accident, regardless of fault.
Provides protection for your commercial vehicle from damages caused by events other than a collision, such as theft, vandalism, fire, or natural disasters.
Medical Payments Coverage:
Covers medical expenses for you and your passengers resulting from an accident, regardless of fault.
Property Damage Liability Coverage:
Covers the costs of damages to another person’s property that were caused by you or an employee.
Uninsured and Underinsured Motorist Coverage:
Protects your business in the event you or your employees are involved in an accident with a driver who doesn’t have sufficient insurance or is uninsured.
Any business with five or more vehicles will also need to consider fleet insurance. Fleet insurance offers more custom coverage options, than your typical commercial auto policy, in order to accommodate the needs of a fleet of commercial vehicles.
Additional Commercial Vehicle Insurance Coverage
Many insurance companies offer additional coverage, including roadside assistance and rental reimbursement. Our team will be happy to review additional coverage options with you.
At Jeffrey & Spence, we understand that each business has unique needs, and we’re here to help you find the most comprehensive and cost-effective insurance solutions for your commercial vehicles. We are your trusted partner in safeguarding your business and providing the support you need to thrive.
Protect Yourself From Problems Before They Happen
Problem: An employee gets into a car accident while driving a company car, resulting in costly damages and injury claims, putting your business and financial stability at risk.
Solution: Jeffrey & Spence Insurance provides comprehensive liability coverage to protect your business against expenses related to bodily injury or property damage caused by your commercial vehicles. With tailored coverage options, you can rest assured that your business is protected from potential liabilities.
Problem: An accident involving your commercial vehicle leads to expensive repair or replacement costs. You worry about these unexpected expenses straining your budget, disrupting your operations, and negatively impacting your bottom line.
Solution: With collision and comprehensive coverage options from Jeffrey & Spence Insurance, you can protect your business from the financial burden of repairing or replacing damaged vehicles. This coverage ensures that your business remains operational and financially stable in the event of an accident or unforeseen event.
Problem: An accident involving an uninsured or underinsured motorist leaves your business facing significant financial losses. Without proper coverage, you worry about having to cover medical expenses, property damage, and other costs out of pocket.
Solution: Jeffrey & Spence Insurance offers uninsured/underinsured motorist coverage to safeguard your business from financial losses due to accidents with inadequately insured drivers. With this coverage in place, you can confidently navigate the roads knowing your business is protected from unexpected costs.
Additional Commercial Auto Insurance Coverage Options
Get a customized commercial auto insurance quote below.
Commercial Auto Insurance FAQs
Commercial auto insurance refers to a type of insurance policy specifically designed for businesses that own, lease, or rent vehicles for their operations. This insurance covers damages, injuries, or liabilities resulting from accidents involving those vehicles. Commercial auto insurance provides protection for vehicles used for business purposes, such as delivery trucks, company cars, and fleet vehicles.
Car insurance rates for commercial vehicles can vary depending on several factors, such as the type of vehicle, how it’s used, the size of your business, and the amount of coverage you require. In some cases, commercial auto insurance might be more expensive than personal auto insurance due to increased liability risks and higher coverage limits needed for business operations. Working with an experienced insurance brokerage, like Jeffrey & Spence, you will find the most competitive rates and coverage options tailored to your specific business needs.
Yes, fleet vehicles are typically considered commercial vehicles. A fleet vehicle is any vehicle owned or leased by a business, government agency, or other organization and used for business purposes. Fleet vehicles can include cars, trucks, vans, or specialized vehicles, and are often covered under commercial auto insurance policies to protect the business against potential liabilities and damages resulting from accidents or other incidents.
The minimum number of vehicles required for fleet insurance can vary depending on the insurance provider and the specific policy. Generally, you should consider fleet insurance if you have 5 or more company vehicles.
Still Have Questions?