Why Get Commercial General Liability Insurance?
Commercial General Liability Insurance is an essential coverage that protects against third party liability regardless of the businesses size or industry.
Commercial General Liability Claims Examples
Bodily Injury
Incident: Customer slips on ice while entering your premises, resulting in a physical injury and a trip to the ER. After multiple visits to physiotherapy and specialists, total medical bills pile up to $100,000.
Result: Customer sues your business claiming your business was responsible for clearing the snow and ice. CGL coverage protects your business against legal expense and medical fees associated with this physical injury.
Property Damage
Incident: Your janitorial company is hired to clean an office. One of your employees accidently knocks over a cleaning solution that short circuits your customer’s computer server worth $50,000.
Result: The customer sues you for property damage. The CGL coverage on your business insurance policy covers the cost to repair or replace the damaged equipment as well as any associated legal fees.
Product Liability
Incident: An old man is dining at your restaurant and suffers severe food poisoning. His symptoms further complicate his pre-existing health conditions resulting in permanent and severe injuries. Medical expenses and legal fees total $85,000.
Result: Customer sues you for bodily injury and psychological trauma. Your CGL provides you complete protection against product liability.
Commercial General Liability Claims Insurance, Explained
What is commercial general liability claims insurance?
Commercial general liability claims insurance provides coverage for third party bodily injury and property damaged resulting from negligence or accidents. It covers compensatory damages, and legal defence costs.
What does commercial general liability claims insurance cover?
Commercial General Liability coverage types include:
- Bodily Injury – covers medical expense and legal fees associated with injuries to a third party
- Property Damage – coverage legal fees and damage to property belonging to a third party
- Products and Completed Operations – bodily injury or property damage as a result of a product you sell or a completed operation you provide to a third party
- Personal Injury & Advertising – covers allegations of defamation, libel, slander or false advertising
- Tenant’s Legal Liability – covers damage to a property that your rent or occupy
Who needs commercial general liability claims insurance?
Any and all businesses require commercial general liability claims insurance, including contractors, offices, retail stores, and restaurants.
What is not covered by commercial general liability claims insurance?
- Financial damages as a result of your professional services
- Intentional criminal acts
- Copyright or infringement
- Contractual liability
- Auto liability
Full List of Industry Insurance Types
Why Choose Pacific Insurance?
Our staff are trained Registered Insurance Brokers of Ontario (RIBO) which is the self-regulatory body for insurance brokers in Ontario.
We have been regularly featured in the media as insurance experts and asked to speak at events like the ‘CRV Radio International’.
1 on 1 Service
Speak directly with an expert instead of dealing with a faceless call centre.
40+ Years in Business
We provide the results of a large agency while giving you the agility and service level of a boutique agency
Fluent in Many Languages
Speak to our brokers in English, Cantonese, Mandarin, French, Korean, or Hebrew.
