General Business Liability Ontario

Protecting Your Ontario Business Investment with General Liability Insurance

You have invested significant time, energy, and financial resources into getting – and keeping – your Ontario business up and running. Protecting this valuable investment is crucial. Just like physical assets such as property or vehicles, your business itself is vulnerable to risk, especially liability risks. You need the right level of insurance protection to safeguard your business in the event of a third-party claim or lawsuit. Adequate business insurance is not a luxury; it’s a necessity for sustainable business operations. Without the right insurance policy, a single liability claim could jeopardize your entire business’s future. Our insurance broker team has years of experience helping businesses like yours find the right insurance.

What is Commercial General Liability (CGL) Insurance?

Commercial General Liability Insurance (CGL), often referred to as General Business Insurance or Business Liability insurance, is a fundamental insurance policy designed to cover your business against claims alleging bodily injury or property damage to third parties. If your business is sued for such an incident, your CGL insurance policy is typically used to offset the significant cost of legal defense and potential settlements or judgments. This type of liability insurance protects your business assets from potentially devastating financial impacts arising from accidents or negligence connected to your business operations. It is a cornerstone insurance coverage for nearly every type of business in Ontario. We highly recommend this insurance.

Why General Liability Insurance is Essential for Ontario Businesses

Choosing comprehensive General Liability Insurance removes significant risk and vulnerability to lawsuits or claims that could be devastating to your business. Any Ontario business that interacts with the public, has customers visit its premises (whether owned or rented, like an office building or condo unit), or whose employees work off-site needs this foundational insurance coverage. It protects your hard-earned business income and assets. Think of your CGL insurance policy as a critical safety net. It helps cover unforeseen events and allows you to focus on running your business. This insurance coverage is essential for business continuity.

Examples of General Business Liability Claims

To better understand how Commercial General Liability insurance works, consider these common examples where a CGL policy would typically respond:

• Slip-and-Fall: You operate a retail storefront in Ontario, and one of your customers slips on a wet floor, sustains an injury, and sues your business for medical costs and other damages. Your General Liability insurance policy would respond to this claim.
• Property Damage by Employee: You run a carpet cleaning business, and while onsite at a client’s home, an employee accidentally breaks an expensive window. The property damage liability portion of your CGL insurance should cover the repair costs.
• Product Liability: Your business manufactures or sells a product that malfunctions and injures a user. The products liability coverage within your Commercial General Liability insurance policy can help cover the resulting claims.
• Completed Operations Example: A contractor finishes renovating a deck, but faulty workmanship leads to its collapse months later, causing injury. The completed operations coverage in the contractor’s CGL insurance policy is designed to cover this type of liability claim.

Your Roughley Insurance Broker will discuss with you the specific liability risks associated with your industry and business operations in Ontario. Our expert team will advise you on the appropriate levels of insurance coverage needed to adequately protect you, your business, and ultimately your livelihood in the event of a claim. We recommend reviewing your liability insurance needs regularly.

Get Your Ontario General Business Liability Insurance Quote

Ready to make sure your Ontario business has the essential General Business Liability insurance coverage it needs? Don’t leave your business’s future to chance. Contact the expert insurance broker team at Roughley Insurance Brokers today. We are ready to discuss your specific business liability insurance needs, explain the policy details, and provide a personalized insurance quote.

• Request Your Quote: Call our office or use our online form to get started on your CGL insurance quote.
• Expert Advice: Our knowledgeable brokers will help you understand your liability risks and recommend the right insurance coverage levels.
• Tailored Policies: We work with leading insurance providers to find a Commercial General Liability insurance policy that fits your business.
• Potential Discounts: Roughley commercial insurance clients may qualify for special discounts on their personal home & auto insurance. Ask your broker for details!

Protect your business investment. Get your no-obligation General Liability insurance quote today! We also offer group insurance solutions for eligible associations.