Commercial Fleet Insurance Vaughan

Commercial Fleet Insurance in Vaughan With Oracle RMS

Here at Oracle RMS, our standard fleet insurance policies include the mandatory liability insurance coverage required in Ontario for a commercial auto insurance policy:

Third-Party Liability Coverage

This coverage is essential because it protects you and your employees financially if you’re responsible for injuring someone or damaging their property while driving. In Ontario, it’s also the law, covering claims made against you up to your policy’s limit, including legal expenses. The minimum required coverage is $200,000, but many policyholders choose higher limits, like $2 million, for extra protection.

Accident Benefits Coverage

This coverage ensures that you or your employees get benefits if you’re injured in a car accident, no matter who’s at fault. It can cover medical expenses, rehab and attendant care, and even income replacement if you’re 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 car insurance policy covers damage to your commercial vehicles and their contents, as well as any loss of use if you or one of your employees are in an accident that wasn’t your/their fault. Since someone else caused the damage, you’ll get direct compensation from your own insurance company.

Additional Coverage Options in Oakville for Commercial Fleet Insurance With Oracle RMS

In addition to mandatory commercial vehicle insurance coverage, there are several coverage options you can add to your policy for more comprehensive coverage. Here are some of the more popular options:

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 fleet vehicles is damaged and out of commission due to a covered incident, such as an accident or theft.

Partner With Oracle RMS Today for Commerical Fleet Insurance

At Oracle RMS, we’re proud to have served the Vaughan community for many years as a trusted insurance provider. Our goal is to help businesses like yours succeed with customized commercial vehicle insurance. Our fleet insurance is tailored to address the unique challenges of managing multiple vehicles, keeping your business and assets protected. As a business owner, you need a team that understands the Vaughan market—let us be your partner for peace of mind.

Our insurance brokers can even help you with other business insurance needs, like commercial general liability and property insurance. We’re here to support you at every step, even after your insurance plan is in place. Ready to simplify your commercial coverage for company vehicles? Contact Oracle RMS today for a free fleet insurance quote in Vaughan, Ontario.

FAQs

How much is fleet insurance in Vaughan?

The cost of fleet insurance in Vaughan, Ontario, varies based on factors like the number of vehicles you have, their make, model and value, and your drivers’ experience and records. Factors like how often the vehicles are on the road and what they’re transporting can also affect the price. To get an accurate estimate, it’s a good idea to speak with your insurance provider or insurance broker.

How many trucks do you need for fleet insurance?

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. Fleet insurance is a great way to streamline coverage and save money if your business has multiple vehicles on the road.

How does insurance work for fleet vehicles?

Fleet insurance works like commercial auto insurance but it allows you to cover all your business vehicles (five or more) under a single policy, making it easier to manage. With this type of policy, you can choose to let any driver use any vehicle or assign specific drivers to certain vehicles.

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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