Commercial Auto Insurance for Electricians

As an Electrician, Do I Need Commercial Auto Insurance or is Personal Auto Enough?

 Auto insurance is becoming very strict in Ontario. Companies are paying more and more attention to the information their clients are providing and if false information is given or important info isn’t mentioned, they can cancel an insurance policy for misrepresentation making it very difficult and expensive to find a new insurance policy.

If you are an electrician driving from one job site to another carrying tools and other equipment, you will require commercial auto insurance because a personal insurance policy may not cover you in the event of a claim. 

To be safe, if you are unsure weather your personal auto insurance policy is sufficient, get a commercial auto insurance because it will permit some personal use. 

Good News: Over the last few years, many Individually Rated Commercial Autos (IRCA) have become cheaper to insure compared personal auto. This is largely due to the high amount of claims with standard personal policies as well as high repair costs to those vehicles. Normal commercial vans and trucks are often cheaper to fix than the newest models of personal vehicles which is why some insurers can offer better rates!

Tip: Bundle your Policies

As an electrician, you are exposed to liability that other contractors aren’t. When on your job site, your commercial auto insurance policy will not cover your liability from your work on the job. For that you will require a Commercial General Liability policy also called a CGL policy. 

These policies can be very inexpensive sometimes starting at as little as $50 per month.

Many commercial job sites require proof of insurance with a minimum of $5,000,000 liability. If this is required, please let us know and we will help.