Commercial General Liability Insurance (CGL)
Anyone can make mistakes or errors at any time & any place. Sometimes these errors are the result of our carelessness & at times because of others. Imagine you own a business & you’re working for one of your best clients, & because of negligence, something occurred that resulted in the damage of your client. Now, who will take the responsibility? Your client can sue you in court because of that incident. You’re worried that what will happen next & how are you going to compensate your client for their loss. Just to avoid such anxiety & stress you should go for commercial general liability insurance (CGL).
Commercial General Liability (CGL) protects you & your business from the common risks that you can face in your day-to-day business operations. This includes third-party property damage or bodily injuries that are the result of your negligence.
A-Kan Insurance in Edmonton, Alberta specializes in providing the right insurance coverage as per your requirement. Our insurance brokers are experienced & expert in their fields. They study your business well so that we can offer you the best solutions at a pocket-friendly price. We’re associated with over 50 insurance providers & this makes us confident to help you choose the best insurance policy for you. Whether you’re a start-up, small business, mid-sized business, or an established business we provide commercial general liability insurance (CGL) for all in Edmonton, Alberta.
What is covered under Commercial General Liability Insurance (CGL)?
Purchasing commercial general liability insurance coverage for your business in Edmonton, Alberta is a must. Let’s discuss what all things will be covered:
Tenant’s Legal Liability
This includes the costs to repair or replace other’s property that you rent or occupy.
Bodily Injury Liability
This includes any injuries or damages to a third party person or property resulting from your business operations.
Product Liability
This includes the property damage or bodily injury caused by a product you sell or supply.
Personal and Advertising Injury Liability
Any allegations of defamation, libel, slander or false advertising are included.
What is not covered under Commercial General Liability Insurance (CGL)?
- Contractual liability insurance (Contractual Liability Insurance Page) is not covered under CGL.
- CGL does not include intentional criminal acts.
- Patent infringement is not a part of CGL.
- Professional services or advice you provide are not covered.
- Motor vehicles or automobiles are not covered under CGL. You require to procure another insurance coverage for insuring automobiles.
Who needs Commercial General Liability Insurance (CGL)?
Every business requires CGL, as it covers a few common features under it on which a business is operated. As a business person, you meet several people daily like your client, vendors, or any other businesses. This insurance covers the most common accidents that any of them can claim against you if something goes wrong. If you have office space & have staff who conduct business off-site then also you need to have CGL.
Procure the right commercial general liability insurance & focus only on what you’re good at.
A-Kan Insurance believes in educating people in risk management & thus helps you to choose the right insurance coverage. Our friendly & supportive team is always there to support your business, we’re just a call away.