The terms commercial auto insurance and fleet insurance are often used interchangeably. However, there is one key
difference. While both are designed with company vehicles in mind, commercial auto insurance policies can protect
one vehicle, whereas fleet insurance insures multiple commercial vehicles (usually a minimum of five). In addition,
since fleet insurance is designed for multiple vehicles and drivers, it gives businesses more options when it comes
to insuring their employees (e.g. the choice between an any driver or a named driver policy).
No matter what kind of auto insurance policy you choose for your business, you can rest easy knowing your vehicles
will be protected. Both types of policies include similar coverages in Ontario, including third party liability
coverage, accident benefits coverage, direct compensation - property damage coverage, and uninsured automobile
coverage. As well, both commercial auto insurance policies and fleet vehicle insurance policies can cover a wide
range of vehicle types, from SUVs and vans to trucks and passenger cars.