Compulsory Coverages In Ontario

• Required in Ontario - Bodily Injury, Property Damage, Direct Compensation, Uninsured Motorist, and Accident Benefits

The required limit by law in Ontario is $200,000 however a large majority of private motorists carry $1,000,000.

For an owner operator, or fleet, at least $2,000,000 is recommended, and $5,000,000 is preferred. A carrier may find that certain customers will not deal with trucking operations with less than $5,000,000 in liability coverage.

How much coverage to you need? The guideline with liability coverage is, purchase as much as you can afford especially if you enter the United States! U.S. lawyers love to sue Canadian trucking companies and are especially apt at settling bodily injury claims for very large sums.

A good option to cost effectively boost your auto liability limit is to purchase an
Umbrella Policy.