No matter what stage of the journey your business is in, having Commercial General Liability cover is critical.
Whether you're just starting out, growing rapidly, or a large established business, Commercial General Liability is an essential coverage for your business. Keep yourself and other stakeholders secure as you continue to grow and succeed.
As a business owner, you know the importance of protecting your company's financial well-being. One way to do this is through commercial general liability (CGL) insurance. CGL insurance is essential for companies operating in Canada, as it protects them from financial loss due to liability claims. These claims can arise from a variety of incidents, such as property damage, personal injury, and advertising injury.
But CGL insurance isn't just important for individual companies - it's also vital for the Canadian economy as a whole. By providing a financial safeguard for businesses, CGL insurance helps to ensure that companies can continue to operate and contribute to the economy, even in the face of unexpected challenges.
Your business faces a multitude of risks, such as the possibility that an accident or negligence on your part could lead to costly lawsuits. But have no fear CGL insurance offers you protection by providing financial cover in these scenarios and covering any compensatory damages awarded against you along with associated legal costs.
We help Canadian Business Owners craft the perfect insurance policy for their business.
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We compare rates and coverages across leading insurance companies to ensure you get the best value on your premium.
We craft the perfect insurance policy for your business so you can rest easy knowing you're covered.
Dedicated ServiceYour dedicated account manager is there for you as your business grows ensuring your insurance policy grows with you
Here are a few of the industries we serve.
Don't see yours? We serve all kinds of Canadian businesses. Chat with us.
Developers and contractors, to landlords, accommodations and more..
Lawyers, accounts, consultants, architects, engineers and more..
IT , SaaS companies, fintech, proptech and more..
Machinery and equipment, plastics, food & beverage, wood products and more..
Ecommerce, to coffee shops, large product wholesalers and more..
Gyms, spas, and medical clinics to nurses, dentists and more..
Business Insurance can be complicated. We're here to help.
What is Commercial General Liability?Commercial general liability (CGL) insurance is a type of insurance policy that provides coverage for businesses against claims for bodily injury, property damage, and personal and advertising injury that may arise from the business's operations. CGL policies typically cover claims made by third parties, such as customers, clients, vendors, and other business partners.
The coverage provided by a CGL policy can help protect a business's financial stability by covering the costs associated with defending against and settling claims. CGL policies typically do not cover professional liability or errors and omissions, which are covered by separate policies.
Who needs Commercial General Liability?The need for Commercial General Liability insurance depends on a variety of factors, such as the type and size of your business. CGL is one of the most common types of insurance, and is important if you:
- Own or rent a physical space
- Manufacture or sell products, including food
- Have a business that can potentially damage third-party property
- Businesses that can potentially cause personal or reputational harm to others.
Some common exclusions of commercial general liability insurance include:
Intentional acts: Commercial general liability insurance does not cover claims that arise from intentional acts or criminal behaviour by the insured.
Professional services: Professional services, such as legal or medical services, are often excluded from commercial general liability coverage and those risks should be mitigated with a Professional Liability Insurance policy.
Pollution: Claims related to pollution or environmental contamination are often excluded from commercial general liability coverage and should be covered on a standalone pollution liability policy.
War: War, terrorism, and other acts of violence are typically excluded from commercial general liability coverage.
Employment practices: Commercial general liability insurance does not generally cover claims related to employment practices, such as discrimination or harassment.
Patents and trademarks: Claims related to intellectual property, such as patents and trademarks, are often excluded from commercial general liability coverage.
To get a quote for commercial general liability (CGL) insurance, you typically need to provide the following information:
Details about the business: This includes the name and type of business, the industry it operates in, the number of employees, revenue information and the location of the business.
Description of the operations: This includes a description of the products or services that the business provides, as well as any specific hazards or risks associated with the business's operations. Specific insurance companies may have additional follow up questions to further assess risk. Coverage details: This includes information about the type of coverage you need (e.g. general liability, product liability, professional liability), the amount of coverage you need, and any additional endorsements or riders you may want to include (e.g. employment practices liability coverage).
Loss history: Insurance companies will want to know about any past losses or claims made against the business.
If you want to work with a commercial insurance brokerage that puts people first and values transparency, sustainability, ownership, and impact, then Summit is the right choice for your business insurance needs.
At Summit, we craft innovative insurance solutions that are custom tailored to your business, giving you the confidence you need to succeed. Our team is dedicated to building trust and creating value through open and honest communication. We are in it for the long haul and strive to make a positive impact in everything we do.
So if you want a business insurance partner that shares your values and is committed to helping you succeed, consider working with Summit.
Commercial general liability (CGL) insurance is a type of insurance that provides coverage for businesses against third-party claims for bodily injury, property damage, and personal and advertising injury. CGL insurance typically covers the following types of risks:
Bodily injury: This covers claims for physical injury or death that may occur on the business's premises or as a result of the business's operations.
Property damage: This covers claims for damage to someone else's property that is caused by the business's operations.
Personal and advertising injury: This covers claims for defamation, invasion of privacy, and other types of personal or advertising injuries.
CGL insurance is an important type of insurance for businesses, as it helps protect them against a variety of risks and liabilities that can arise from their operations. It is often a requirement for businesses to have CGL insurance in order to secure contracts or do business with certain clients.
How much does Commercial General Liability cost?Business insurance should never be bought solely on price. You are protecting your most important asset. Our mission is to find you the perfect coverage but also find the best priced policy with that coverage.
The exact cost for your insurance policy depends on a variety of factors, including:
- Type of business
- Industry
- Revenue generated
- Number of Employees
- Claims History
- Experience in your field
Knowing if your commercial general liability insurance policy is adequate to meet your specific needs can be challenging. To ensure that your coverage is sufficient, it is important to work with a broker that will help you understand the type of business you operate and any potential risks that come with it. You should also take into account any industry regulations or standards you must follow, as well as any specific exposures that might be unique to your situation. After you have an understanding of your specific risks, work with your broker to find a policy that meets all of your requirements and provides the level of protection necessary for your business activity.
There are a variety of claims that can be covered under a commercial general liability (CGL) insurance policy in Canada. Some common types of claims include:
Slip and fall accidents: These types of accidents can occur on the business's premises and can result in injuries to customers or employees.
Property damage: This can include damage to someone else's property that is caused by the business's operations.
Defamation: This can include claims for defamation of character, libel, or slander that may occur as a result of the business's advertising or marketing activities.
Invasion of privacy: This can include claims for invasion of privacy that may occur as a result of the business's operations or activities.
Product liability: This can include claims for injuries or damages that are caused by a product that the business manufactures, sells, or distributes.
