What type of insurance is mandatory for commercial vehicles in Ontario?

Liability insurance is a critical requirement for commercial vehicles in Ontario, as it provides necessary protection against damages or injuries that may occur as a result of operating the vehicle. Since commercial vehicles often have a higher risk of causing harm to other people or property due to their size and potential for heavier loads, the law mandates this insurance to ensure that all operators carry the financial responsibility to cover such damages.

Having liability insurance protects both the driver and the public. In the event of an accident, the liability coverage can help cover legal costs, medical expenses, and damages for which the insured is found responsible. This requirement helps maintain a standard of accountability among commercial vehicle operators, promoting safety and responsible operation within the trucking industry.

Comprehensive insurance and collision insurance play important roles in protecting against different types of risks—like theft or vehicle damage— but they are not legally required for the operation of commercial vehicles in Ontario. Health insurance is unrelated to vehicle operation and is not a requirement for either personal or commercial vehicle operators.