NEW! YOUR ALBERTA AUTO INSURANCE IS CHANGING JAN 1ST. CLICK TO LEARN MORE.

Commercial General Liability Insurance Edmonton

Commercial General Liability Insurance offers coverage for damage or injury caused by a business’s operations or products, or on its premises.

Liability refers to being responsible for damages to a third party such as a client or vendor. Every business, no matter the size, needs coverage to protect against the costs that could result from liability risks.

Do I need Commercial General Liability Insurance?

If you own a business chances are you need Commercial General Liability Insurance. Any contact with clients or vendors exposes you to potential liabilities that require coverage.

What does Commercial General Liability Insurance cover?

A commercial general liability insurance (CGL) policy protects your business from financial loss should you be liable for property damage, bodily injury, or personal and advertising injury caused by your services, business operations or your employees. Simply put, a CGL policy casts a wide net of protection for you and claims against your business by covering various liabilities such as:

Third Party Liability Insurance

A commercial general liability (CGL) policy protects business owners from financial loss should you be liable for property damage, bodily injury, or personal and advertising injury caused by your services, business operations or your employees. Simply put, a CGL policy casts a wide net of protection for you and your business by covering various liabilities such as:

Third-party bodily injury protection

Something as simple as a guest or a client visiting your business and slipping on a wet floor can result in serious financial damages. CGLl policies provide coverage for bodily injuries suffered by third parties on your premises or in relation to business operations.

Third-party property damage coverage

A commercial general liability policy will also protect your company in the event that you are found liable for damage to someone else’s property. CGL policies typically cover damage to tangible property as well as damage for the loss of use of the tangible property.

Protection against personal and advertising injury liability

Not all damage is physical. A CGL policy will also give you ample coverage for offenses made by employees of your company such as copyright infringement, slander, libel or malicious prosecution.

Coverage for medical expenses

CGL policies will provide protection for your company if a non-employee is injured on your premises or in an incident related to your operations. Coverage for medical payments can be triggered without legal action and allows for smaller medical claims to be settled quickly and without litigation.

Defense costs

Going to court or having a claim filed against you can have company-changing costs. CGL coverage includes protection for legal expenses in the event that your business has a liability claim brought against it.

How much does Commercial General Liability Insurance cost?

The amount of commercial general liability insurance that your business needs depends on three factors: perceived risk, where you operate your business and the type of products you manufacture.

  • Perceived Risk – Consider the amount of risk associated with your business operations and functions. For instance, if you manufacture heavy machinery, you would generally need more coverage than another organization that manufactures stuffed animals.

  • Premises and Operations Liability – If you operate in a province or area that has a reputation for rewarding high damages, then you may wish to purchase higher limits of liability.

  • Type of Product Manufactured – If you manufacture a dangerous product, you may want to carry higher limits of liability.   

The cost of commercial general liability insurance will depend on many factors (including those above) such as size of your company and any previous insurance claims you’ve made.

Contact CMB Insurance Brokers today to learn about the Commercial Auto Insurance solution that’s right for you.

What types of Business Insurance do I need?

There are many types of insurance policies that our experts can advise you on and package to meet your specific needs, such as:

  • Commercial General Liability Insurance
  • Commercial Property Insurance
  • Business Interruption Insurance
  • Pollution Liability Insurance
  • Professional Liability Insurance
  • Product Liability Insurance
  • Equipment Breakdown Insurance
  • Commercial Auto Insurance
  • Cyber Insurance