If you own a business, you need commercial Ontario car insurance. It’s just that simple. The Ministr of Transportation says that you are putting your firm in danger without having the proper commercial car insurance, if you are a owner. Consider this: You see tour & school buses, trucks used for landscaping, large carrier trucks, florist vans and delivery cars all of the time. As a result of an unfortunate accident, if a business was not insured accordingly, they would be responsible for paying not only for the vehicle repairs but also lawsuits and medical expenses.
In order to determine if you should get commercial car insurance, you have to verify your choices. Every small business owner wants to save as much money as possible, but commercial car insurance isn’t the area to cut costs on. Covering your assets keeps your business viable so that you can save money elsewhere; after all, where would you be without your delivery trucks or your sales fleet? Keeping your cars covered and your business protected from any lawsuits should be a top priority, not saving a few extra dollars a year. As a business owner, it’s important to have your cars insured as a commercial vehicle, even if it’s just one single car that you use all by yourself.
According to Financial Web, having unemployment insurance helps your rates when your employees drive your car. It says you can save money on premiums by carefully screening your employees who have at least a three year safe driving record, doing drug testing and by having a zero-tolerance policy. The Ministry of Transportation also tells business owners that if they want to save a significant sum of money, they should purchase vehicles with high safety ratings for their business. Also, it’s well known that higher deductibles will lower your premiums.
If you happen to be a small business owner, then discounts are probably pretty useful for you. Some of these discounts are for multiple vehicles, for non-owner protection in the event that one of your employees chooses to use his own car for business purposes or even coverage for a specific season like snow plowing trucks. Although commercial car insurance may seem similar to personal insurance, there’s differences in the degree of coverage they offer. When shopping, don’t just pick the lowest protection plan If you don’t think it has enough coverage for your requirements.
The good thing about being a small business owner is that you can make your own policy and pay only for the services you need. Of course, liability and physical damage is a must-have, but many policies carry coverage for any eventuality, which could benefit the small business owner in the event of nature going crazy and damaging your fleet, fire, theft and other disasters.Combining your insurance needs could potential get you a much better rate. If, for instance, he owns the building in which his business exists, he could bundle commercial car coverage with structure and equipment coverage. Shop around for the best coverage and premiums and don’t buy the cheapest insurance.
Even though Ontario insurance companies have great insurance plans, they are generally costly. Using Kanetix can help you find cheaper car insurance in Ontario.
