Your FCA broker should be contacted as soon as the operator of a commercial vehicle is involved in an accident to share the incident. Experiencing an auto accident is always an unsettling time for any driver, but it is important to remember their broker is always there to guide them through the situation.
Once the claim has been reported to an insurance company, an adjuster is assigned to discuss the situation with the insured, investigate the accident and ultimately proceed towards a settlement.
When filing a commercial auto claim, the vehicle owner is required to pay GST for vehicle repairs upfront which differs from personal auto claim procedures. The payment of GST can then be claimed as GST credits at a later date as a commercial automobile is technically deemed as one of the business’s expenses.