Commercial Insurance

Every business is unique and no one solution will fit all. A SurNet broker will work with you to customize the best business insurance solution to give you the Peace of Mind you need to know your greatest accomplishment is protected. Commercial Liability Commercial general liability insurance, or CGL, is coverage that will protect your business in the event that you are sued. It is often used to cover claims against your business for injury or property damage. Without a CGL policy, lawsuits could leave a devastating impact on you and your business. The likelihood of being sued is more common than you might think. It is for this reason that commercial general liability insurance is one of the most popular business insurance products sought after by business owners.

 

There are four main types of coverage included in the standard Commercial General Liability (CGL) policy: Bodily Injury and Property Damage Liability – Coverage for physical injury to someone or damage to their property/belongings caused by your company, your product, your work, your employees, or anything else associated with your company.

 

Personal Injury Liability – While most people associate ‘personal injury’ with physical injury this is not the case with a CGL policy where it actually means damage of a person’s character, reputation and position in the community as a result of libel or slander. Medical Payments – This provides coverage that pays someone’s minor medical expenses from an accident that happens at your company’s premises or as a result of your company’s operations-even though you may never be held legally liable for the accident. Tenants’ Legal Liability (for those that rent or lease their workspace) – If you rent your workplace, you may be held legally responsible for causing a fire, explosion, smoke damage, or other damage caused by fire protection (like sprinklers going off) then this coverage will pay the compensatory damages. This applies only to damages of the rented premises – not the property that you may personally own. Retail Insurance for Retail stores in Canada come in convenient packages from a number of reputable insurers. In Ontario, premiums are quite affordable and can start at $1000.00 and in some cases may even be lower.