Commercial Fleet Insurance Mississauga

Commercial Fleet Insurance in Mississauga, Ontario, With Oracle RMS

Curious about what our fleet insurance covers in Mississauga? At Oracle RMS, our customized fleet insurance policy typically includes a combination of required and optional coverages, similar to a commercial auto policy, 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.

What Is Fleet Insurance?

Fleet insurance works similarly to commercial auto coverage, but it lets you cover all your business vehicles under one policy instead of managing each one individually. You can either allow all drivers to access any vehicle or assign specific drivers to certain ones. Since the policy covers the vehicles rather than the drivers, it gives you more flexibility in who can drive which vehicle. Fleet insurance not only simplifies things, but it can also save you money—you’ll likely get a discount for bundling multiple vehicles under one plan, making it both convenient and cost-effective.

Why Do Businesses Need Fleet Insurance?

A commercial auto insurance policy is usually for businesses or individuals with fewer than five vehicles, but if you have five or more, fleet insurance is a smarter choice. It protects against risks like third-party injuries, property damage, theft, and vandalism. Fleet insurance is often more cost-effective for small businesses than having separate policies for each vehicle, helping you save while keeping everything covered under one plan. Remember, personal auto insurance won’t cover vehicles used for business, so it’s important to have the right coverage as part of your business insurance.

Partner With Oracle RMS Today for Commerical Fleet Insurance

Oracle RMS has proudly served the Mississauga community for many years, helping local businesses improve their insurance coverage. Our insurance brokers are here to support you every step of the way, even after you’ve purchased your policy. Ready to simplify your commercial auto insurance? Contact Oracle RMS today for a free fleet insurance quote in Mississauga, Ontario.

FAQs

What is a fleet in Mississauga?

A fleet vehicle is any car, truck, or other vehicle that’s part of a group owned by a business. In Mississauga, a business needs to own at least five vehicles for them to be considered a fleet.

What is a fleet insurance policy?

A fleet insurance policy 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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