An Ontario Auto Policy (OAP 1- OWNER'S POLICY) is standard right across the province for personal and commercial autos (defined as auto, trailers and motorized snow vehicles)

To apply, government regulations (Ontario Insurance Act) require the latest version (Nov/05) of OAF 1 (Ontario Application for Auto Insurance) to be completed along with a Commercial Supplement for commercial autos (trucks).

Insurance coverage differs for a "for-hire carrier" or a "private carrier." A private carrier hauls his own goods, so those goods need to be insured elsewhere on a commercial property policy. The truck(s) just needs to be covered by a commercial auto policy.

For a "for-hire carrier" or one who hauls goods for others, there must be a commercial auto policy and a cargo policy.

Mandatory

1. THIRD PARTY LIABILITY - Bodily Injury or Property Damage to Third Parties (others)

2. ACCIDENT BENEFITS - Basic Benefits (optional increased benefits can be purchased)

3. UNINSURED AUTO - protects Insured against an uninsured and at-fault motorist for bodily injury (and for property damage but only if that uninsured motorist is identified) subject usually to minimum liability limits in home jurisdiction or where accident happened (lessor of) The OPCF 44 - Family Protection Endorsement can sometimes be added to increase the limit of liability of that Uninsured Motorist to whatever limit you have on your own policy

Mandatory

4. D.C.P.D. - Direct Compensation Property Damage - eg other party is 100% to blame for a collision involving your vehicle, but your Insurance Company is still going to pay for loss or damage to your vehicle and not "subrogate" against anyone (or will pay a percentage of your loss or damage if you are partly at fault)
As of Nov/96, there is now an optional deductible for this coverage, which would then decrease the premium.

Optional

5. LOSS OR DAMAGE - subject to a deductible that you choose (in trucking can vary from $2500 - $10,000 with lower deductibles available on trailers and depending on the Insurance Company). Choice of Specified Perils, Collision/Upset, Comprehensive or All Perils

• Note: All Perils = Collision/Upset plus Comprehensive
• Note: Collision = Upset and colliding with another object (not animal)
• Note: Comprehensive = just about everything else but Collision/Upset

All Perils is the coverage usually sold in trucking and so "all perils" or any loss or damage is usually subject to one deductible (this is why OPCF 40 Endorsement ("Fire and Theft Deductible") is usually added to a truck insurance policy, so that the Insured is aware that even a Fire or Theft loss is subject to the same chosen deductibleTruck Insurance Explained (Cargo):

Cargo Insurance only covers non-owned goods for which a "Standard Bill of Lading" has been completed in the Insured's name (can be some exceptions as long as the Insurer is in agreement).

Cargo wordings (fine print) are not standard - each Insurance Company usually have their own.

On a Non-Fleet Policy, Cargo Policies are usually issued in conjunction with the Auto Policy and are usually "power unit specific" i.e. cargo policy only applies when any trailer is being pulled only by one of the power units listed on the auto policy.

For Fleet policies, as long as the Bill of Lading is in the carrier's name, cargo is usually covered because specific power units are not listed, but policies cover "all vehicles owned/operated by the Insured."