If you’re a business owner and use a vehicle for work purposes, you’re open to liability- even if you’re not the one driving. Any employee or volunteer for your company can be a potential risk behind the wheel.

Vicarious liability refers to a situation where someone is held responsible for the actions or omissions of another person- such as an employer being held liable on behalf of its employee(s). This would be true of any vehicles or equipment being used on behalf of a business or organization. Proper training and maintenance are ways to help mitigate some of that risk, but even with the best training and experience, accidents do happen.

Collisions are in the spotlight as the biggest area of loss for many businesses. It’s important to review fleet loss-prevention methods that could reduce claims, as well as lower insurance premiums.

A quick reference to Canada’s compliance responsibilities, as they pertain to regulations and mandatory coverage for business vehicle use are:

• The Motor Vehicle Safety Act - outlines standards and inspection requirements for all vehicles and equipment in Canada
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• Transport Canada’s National Safety Code - applies to trucks, tractors and trailers with a registered gross vehicle weight of more than 4,500 kg (10,000 lbs)

If you are an Ontario based company and would like to discuss commercial fleet insurance for your business vehicles or heavy equipment, contact Best Buy Insurance today. Give us a call at 289-278-4278 or request a quote online.