Commercial Fleet Insurance King

Commercial Fleet Insurance in King, Ontario, With Oracle RMS

Curious about what our fleet insurance covers in King? At Oracle RMS, our customized fleet insurance policy typically includes a combination of required and optional coverages, such as:

Third-Party Liability Coverage

Liability insurance is essential because it protects you and your employees financially if you’re responsible for injuring someone or damaging their property while driving. Plus, in Ontario, it’s required by law and will pay for claims up to your policy’s limit, including legal and medical expenses. While the minimum coverage is $200,000, many people opt for higher limits, like $2 million, for added protection.

Accident Benefits Coverage

This coverage makes sure that you and your employees receive benefits if you’re injured in a car accident, regardless of who’s at fault. It helps with medical bills, rehabilitation, and attendant care, and even provides income replacement if you or your employee is unable to work.

Uninsured Automobile Coverage

If you or one of your employees is injured or killed by an uninsured driver or in a hit-and-run, uninsured automobile coverage steps in to cover the costs of damages or losses.

Direct Compensation-Property Damage Coverage

This part of your insurance covers damage to your commercial vehicles and their contents, as well as any loss of use if you or one of your employees is in an accident that wasn’t your fault. Since someone else caused the damage, you’ll be compensated directly by your own insurance company.

Collision Coverage

Collision coverage helps cover the cost of repairing or replacing your fleet vehicles if they’re damaged in an accident, regardless of who is at fault. Whether it’s a crash with another vehicle or an object like a fence or pole, this coverage ensures that the repair or replacement costs are taken care of, minimizing the financial impact on your business.

Comprehensive Coverage

Comprehensive coverage protects your vehicle from damage caused by things other than accidents, like theft, vandalism, fire, natural disasters, or even damage from falling objects. This type of coverage is essential for fleet owners because it ensures that their vehicles are protected from a wide range of risks that could lead to costly repairs or replacements.

Accident Forgiveness Coverage

Accident forgiveness coverage prevents your insurance premiums from increasing after one of your fleet vehicles is involved in its first at-fault accident. Normally, an at-fault accident would lead to higher premiums, but with this coverage, your insurer “forgives” the first incident, helping you avoid a significant rate hike.

Loss of Use Coverage

Loss of use coverage helps cover the costs of renting a temporary replacement vehicle or other transportation expenses if one of your business vehicles is damaged and out of commission due to a covered incident, such as an accident or theft.

Why Do Businesses Need Fleet Insurance?

Commercial auto insurance is typically for businesses or individuals with fewer than five vehicles, but if you have five or more, fleet insurance is a better option. It covers risks like third-party injuries, property damage, theft, and vandalism. For small business owners, fleet insurance is often more affordable than having separate policies for company vehicles, saving you money while keeping everything covered under one policy. Keep in mind that personal auto insurance doesn’t cover vehicles used for business purposes, so having the right coverage as part of your business insurance is crucial.

Partner With Oracle RMS Today for Commerical Fleet Insurance

At Oracle RMS, we’re proud to be experienced insurance professionals serving the King community for many years. Our goal is to help businesses like yours thrive with customized commercial vehicle insurance. Our commercial auto insurance policy for your commercial fleet is designed to meet the specific needs of businesses with multiple vehicles, ensuring you’re covered against the unique risks your fleet may face.

We’re here to support you every step of the way, even after your policy is in place. We can also assist with other business insurance needs, such as commercial general liability or professional liability coverage. Ready to simplify your commercial auto insurance? Contact Oracle RMS today for a free fleet insurance quote in King, Ontario.

FAQs

How does insurance work for fleet vehicles?

Fleet insurance allows you to cover multiple vehicles under a single policy, making it easier to manage your insurance. It protects against accidents, theft, and damage, with options for liability, collision, and comprehensive coverage. Plus, it’s often more cost-effective and easier to manage than separate policies.

How much is fleet insurance in King?

The cost of fleet insurance in King, Ontario, depends on factors like the number of vehicles you have, their type and value, your drivers’ experience and driving records, and more. For an accurate cost estimate, it’s best to request quotes from multiple insurance providers or partner with an insurance broker.

How many trucks do you need for fleet insurance?

You typically need at least five vehicles to qualify for fleet insurance in Ontario. The vehicles can be a mix of trucks, vans, or cars, and they must be used for business purposes.

The Right Coverage For You

At The Best Price

“I purchased my first car a year and a half ago and called Oracle for car insurance quotes. They have excellent customer service – in particular, Chris was very helpful in getting me a great rate. He is extremely prompt at answering any questions I have about my policy and about anything insurance related! I highly recommend this brokerage.”

Andrea Lee,
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