How much is commercial liability insurance in Ontario?

Ontario commercial truck liability insurance typically costs $5,000 to $12,000 per year for established fleets. New owner-operators or long-haul drivers often pay $12,000 to $25,000+ annually. Rates are determined by your CVOR record, driving experience, cargo type, and operating radius.

Key Cost Factors

• Operating Radius: Cross-border routes into the US cost 20-30% more than local Ontario operations due to higher liability exposure.
• Coverage Limits: While the legal minimum is lower, most brokers and shippers require $2 million to $5 million in Commercial General Liability (CGL).
• Experience: Drivers with fewer than 3 years of commercial driving experience or poor CVOR abstracts face the highest surcharges.

To secure the best rate, maintain a clean CVOR abstract and bundle liability with cargo and physical damage coverage through a specialized trucking broker.