Protecting your business is of the utmost importance. As a business owner you are predisposed to a variety of risks. Run a coffee shop? Have a business from home? Are you a freelance consultant? Do you operate any other type of business? You need to protect your company.
Liability claims and lawsuits could cripple your business and negatively impact your brand reputation. Commercial general liability insurance can help you mitigate risks and protect your business.
Our business insurance experts will get proper coverage so your business, customers and employees are protected against unforeseen risks. At ThinkInsure we'll help you with :
Commercial general liability insurance or CGL provides business liability coverage against three main risks :
Commercial general liability coverage provides businesses with financial protection against a loss. Get protection if you are legally liable for bodily injury or property damage to a third party. There are different coverage options and policy limits. Speak with an insurance professional to ensure you have the right type and amount of coverage.
Some business owners question the need for commercial general liability insurance. They think they don’t need it because they are a small company. They have cost concerns, or they don’t think they’ll ever need it. No matter what size, type, or industry, you need protection from risk and loss.
Without CGL insurance coverage you would have to pay for a loss out of pocket if liable for damages. A lawsuit could force you the shut down operations. Commercial general liability insurance helps cover these losses and protect your financial stability.
Commercial general liability insurance prices change from business to business. Every company has unique liability insurance policy needs. Commercial general liability coverage varies based on your type of business, coverage limits and many other factors. Increasing coverage limits or adding additional liability policies can increase general liability insurances costs.
Some of the factors that impact commercial general liability insurance quotes include :
General liability insurance protects your business if liable for injury or damage to a third party. Your business premises, operations, and products are covered for :
GCL insurance does not cover you for all risks and threats to your business. Here are some of the things not part of a GCL policy :
You will need to take out additional coverage for the above items.
It depends. Your liability insurance coverage needs will vary based on your business type. It depends on risk exposure, your budget and other factors. Smaller businesses tend to have a minimum of a $2 million policy. Speak with our business insurance experts to assess your coverage requirements.
We know you want options when looking to purchase commercial general liability insurance coverage. We’ve partnered with over 50 top insurers in Canada. So we have lots of options to help you find the best combination of coverage for your business.Our business insurance experts can help you assess your liability insurance needs. We'll then shop for the best options with our insurers to get you the lowest rate. So you'll get the best price for the CGL coverage your business needs.
Have more questions about commercial liability insurance? Check out these common questions about general liability insurance :
No. You are not legally required to purchase general liability insurance, but it is highly recommended. Some types of businesses and practitioners may be required to carry insurance. You’ll need it to secure business loans, create partnerships and win business contracts.
Yes. All types of commercial general liability insurance have policy limits. Always consider your coverage limits when comparing quotes and costs before you purchase your policy.
All businesses need commercial general liability insurance coverage. Any type of business has exposure to risk and is subject to claims. Even if the odds of legal action against you are low, CGL insurance will give you peace of mind.
The calculation for CGL insurance premiums varies by insurer. Insurers use a variety of factors such as company revenue, payroll, and location. They also use industry type, and risk types to calculate commercial general liability insurance rates.
Yes. CGL coverage provides protection if you, your business or employees cause property damage to a third party. It does not provide coverage for damage to your business property. This is covered under commercial property insurance.
We make it easy for your business to compare CGL insurance quotes and policies. It only takes a few minutes of you time. It’s as simple as 1-2-3 :
Tell us a bit about your business so we can find you coverage.
We’ll compare the best quotes and coverage options to save you time and money.
Choose the best price and policy. Then get you business insured. It’s quick and easy!