NB Commercial Vehicle Insurance Customized for Your Business
Is your commercial auto insurance up for review? Are you starting a new
venture that calls for commercial vehicle coverage?
Worry not. The answers to all your New Brunswick commercial auto insurance
needs and questions are here at Pearson Insurance.
As independent brokers, we work with leading, reputable, insurance
companies to provide customized coverage for auto insurance clients right
across the province. We are able assess or review your type of business,
discuss what coverage you need, and check with our insurance companies to
find you the best price and present our available payment options.
Understanding Commercial Auto Insurance
The basics of commercial vehicle insurance are similar to those for private
car ownership, but can have different limits and typically higher levels of
The law requires you to have, as a minimum, third party liability insurance
to cover you against injuries or damage you or your drivers cause to
others. It follows the same guidelines as your personal insurance would.
Then you have a number of additional, optional coverages such as:
- Collision, to cover the cost of damage to your own vehicles.
- Comprehensive insurance for non-collision damage or loss to your vehicles
- Coverage for rental vehicles while yours is being repaired.
- Coverage for when a third party at-fault driver turns out to be uninsured
Special coverage is available if your business involves transporting
people, for example through a taxi, limo or bus service.
Your Questions Answered
What types of commercial vehicle can be covered?
Basically, any type of vehicles used for commercial purposes, from a
regular sedan to a full-blown semi-truck.
That range includes delivery vans, box trucks and pick-ups, as well as
Covered vehicles can be owned or leased by your business or by employees if
they use their own autos for the business, such as making deliveries or
We can also provide cargo insurance.
Does personal car insurance cover me to use my vehicle for work?
Almost certainly not. In fact, if you use your own car for work, you will
need to let your broker know, and usually the rating of your policy can be
adjusted to account for the business use or you will be advised we need to
rate this commercially. If you are involved in an accident and it is
discovered that you use the vehicle for work, there is a chance that the
claim could be denied. Keep your peace of mind and if you use your vehicle
for any part of your job or business call and speak with your broker.
How much does commercial auto insurance coverage cost?
That naturally depends on the number, the types of vehicles and the type of
business the vehicles are used for and the way the vehicles are used. The
driving records, driving convictions and any accidents of yourself and of
your employees will also be taken into account.
Taking all this into consideration, it is what we do every day. Our links
to multiple insurance companies enables us to secure highly competitive
rates and discounts for your commercial vehicles.
Do I need fleet insurance?
Generally, if you have eight, ten, or more vehicles, insuring them under a
fleet policy could make sense. It could be cheaper. You will definitely
need to have that conversation with your broker. A fleet can be cheaper and
it can also be easier to administer. You would have multiple vehicles
insured with just one renewal date.
Let the professionals at Pearson Insurance advise you on this.
Does commercial auto insurance cover personal use?
Yes, you are normally protected when driving a commercial vehicle for
personal use. However, other members of your household, with a license will
probably need to be noted as drivers. Again, a discussion with your broker
will clear all of that up for you!
Here at Pearson Insurance, our experts are ready to answer all your New
Brunswick commercial auto insurance questions.
Just give us a call at (506) 432-1550 whenever you think we can help. Or
drop us an email at email@example.com
Get a Fast, Free Quote
We'll also deliver a fast, free and no-obligation, initial quote for your
commercial vehicle insurance, and we can help you determine the level of
coverage you require.
Simply call, email or use this website to contact us and we'll give you the
information you need.