Auto theft is a growing problem in Canada, with more than a 300% increase over the past five years. As a result, insurance companies estimate $1 billion in losses to car thieves, according to the Insurance Bureau of Canada (IBC). To combat rising theft rates, insurance companies are looking for innovative solutions to reduce the number of stolen vehicles and improve the chances of recovering them. One solution is to install anti-theft tracking devices in cars.

Business owners who rely on commercial vehicles face various risks and challenges in their day-to-day operations. From accidents and breakdowns to unexpected repairs, any downtime can result in significant financial losses for your business. That's where downtime policies come into play. If you are in the business of fleet operations or your company relies on commercial vehicles in order to work, adding downtime insurance on your policy can assist in lost earnings resulting from an inoperable commercial vehicle.

As a business owner, you set your focus on growth: larger contracts, more customers, and upgrades to your equipment and services. As your business expands, it is important that your insurance policy does the same.