What coverage should be added to the Ontario Automobile Policy (OAP1) for business-owned vehicles?

The appropriate coverage to add for business-owned vehicles under the Ontario Automobile Policy (OAP1) is the loss of use endorsement. This endorsement is particularly important for businesses because it provides compensation for the business's inability to use the vehicle when it's involved in a claim that results in damage.

In the context of a business, having access to transportation is often critical for operations such as client meetings, deliveries, or other essential tasks. If a business-owned vehicle is damaged and requires repairs, the loss of use endorsement ensures that the business can continue functioning without significant financial burden due to the lack of transportation.

This coverage specifically addresses the necessity for businesses to manage their operational needs effectively, as downtime can lead to lost revenue. Thus, including the loss of use endorsement in an OAP1 is a pragmatic decision for any business relying on vehicles to carry out its functions.