Automobile coverage

Reliable Automobile Coverage

From single vehicles to fleets, our coverage is built to match your business needs.

Automobile Coverage for your Business

From general contractors to artisan trades, coverage designed for a range of commercial vehicle uses.

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  • TPL
  • Comprehensive
  • Collision
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Business Vehicles Need Business Coverage

Commercial auto insurance provides coverage for vehicles used during business operations. Usage could include company vehicles driven by employees, construction contractors, or general artisan business usage.

Common coverages include individual rated commercial vehicles, businesses requiring fleet coverages of at least 5 vehicles.

It’s important to understand that personal auto insurance differs from commercial auto insurance. Personal auto insurance excludes a vehicle used for business purposes.

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How does Commercial Auto coverage work?

Commercial Auto Insurance covers expenses resulting from injuries or damages in the event of an accident involving a business vehicle’s operations. This may include costs for repairs or replacement depending on the policy.

Does Your Business Need Commercial Auto?

In most cases, if a vehicle is registered under a business name or if there’s an entire fleet of vehicles, it should be covered by a commercial auto policy. Additionally, all employees who use the vehicle for business purposes need to be listed as drivers under the policy.

High-Limit & Heavy Vehicle Coverage

Vehicles that require higher-than-standard automobile liability limits, including coverage up to $5,000,000, or those classified as heavy vehicles, will also be required to obtain a commercial auto policy to ensure proper coverage, legal compliance, and financial protection.

Commercial Auto Coverages

Explore mandatory and optional coverages that protect your vehicles, drivers, and operations.

Third Party Liability (TPL): coverage will provide protection in instances where you are responsible or at-fault for an accident

Direct Compensation Property Damage (DCPD): offers you protection both when you are partly responsible for an accident and when you are not at fault in an accident. Streamlines the claims process to allow you to contact your insurer rather dealing with the third parties provider.

Accident Benefits: Offers coverage for medical expenses irrespective of fault.

Collision or Upset: coverage protects against damage to your vehicle resulting from collisions with other vehicles or objects subject to a deductible

Comprehensive: provides coverage for damage to your vehicle from losses other than collisions or upsets, such as Fire, Theft, Vandalism, subject to a deductible.

Additional coverages specific to automobile policies in Alberta include, Optional Glass Coverage (OGC), Loss of Use Coverage, Waiver of Depreciation, and more.

**Note: Mandatory & Optional coverages apply to policies underwritten by MIC directly.

Individual Rated Vehicles: those vehicles used for business purposes which do not qualify under personal auto insurance.

Fleet Rated Vehicles: those businesses with owned and operated vehicles with at least 5 or more vehicles are eligible to receive policies classified as a fleet, subject to underwriting application approvals. Fleet policies allow for competitive pricing advantages opposed to individually rated vehicles.

Garage Policies: businesses are eligible for a garage policy, subject to underwriting approval, during the time that they are responsible for a customer’s vehicle in their care, custody, and control.

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