Businesses that can benefit include transport operations, trades and smaller companies and buy using Fleetplan you get higher maximum premium discounts, access to enhanced financing, and simpler administration.
- Minimum requirements: you have 5 or more motor vehicles that are registered or leased to you or your company and the vehicles are primarily used for commercial or business purposes.
Non-fleet commercial vehicles
You can purchase insurance separately for each of your vehicles if you are insuring fewer than 20 motor vehicles and if your vehicles are primarily used for business purposes.
Drivers of fleet or business vehicles
As of September 1, 2019 the more driver-based insurance model means crashes will now follow the driver.
- If you have an at-fault crash while driving a company non-fleet vehicle – and the first payment on that claim occurred on or after March 1, 2017 – that crash may now follow you and impact your personal and non-fleet commercial insurance.
- If you have an at-fault crash while driving a fleet vehicle on or after January 1, 2020, that crash may follow you and impact your personal and non-fleet commercial insurance.
Impacts depend on the rate class of the vehicle involved in the crash, and whether the claim is repaid.
Garage service operations
The most common business using this coverage are repair garages, service stations, body shops and auto dealers.
Insurance and licensing for ride-hailing services
Also known as transportation network services (TNS), ride-hailing companies connect drivers with paying passengers through the use of an online platform or app.
As of September 3, 2019, ride-hailing companies can apply to the Passenger Transportation Board (PTB) for a licence to operate in B.C. (a TNS licence). ICBC insurance products for ride-hailing are available as of September 16, 2019.
Insurance for peer to peer vehicle rental
If you’d like to make your vehicle available for others to rent via a peer-to-peer vehicle rental online platform (such as Turo or Outdoorsy), how you are insured will depend on whether the peer-to-peer company has ICBC blanket insurance or not. Peer-to-peer rental companies are not required to have ICBC blanket insurance, so you should enquire with the P2P company directly to find out if they have it.
As of September 16, 2019, a new Basic blanket insurance products are available to peer-to-peer companies. If the company you will be registering with has this blanket insurance, you are covered while the vehicle is being rented. This Basic blanket insurance provides coverage for Accident Benefits and $200,000 third party liability.