Newfoundland CGL Insurance
As a business owner, you know building a business is hard work and requires a major investment of your time, money, and energy. You know every transaction that you complete represents both a profit and a risk.
Quite often people only think of insuring their properties or automobile (s), but fail to think about the liabilities associated with running a business. This is where Commercial General Liability (CGL) comes in to play. CGL typically covers business organizations (or individuals conducting business operations) against liability claims for bodily injury and property damage arising out of premises, operations, products, and completed operations; and advertising and personal injury liability.
It is clear that if you own a business or conduct business operations that you require precisely tailored liability insurance (CGL) policy to shield your business from any undue insurable risk.
CGL - What is It All About?
CGL, typically protects your business from financial loss that result from your organization being sued because of property damage, injuries, or death caused by your services, business operations, or your employees.
Quite often you will hear people refer to CGL insurance as Slip and Fall Insurance. But it is so much more. Standard CGL coverage is divided into four primary types:
- Bodily Injury / Property Damage
- Personal and Advertising Injury Liability
- Medical Payments
- Tenant Legal Liability
CGL insurance policy will usually cover the costs of your legal defence and will pay on your behalf all damages if you are found liable-up to the limits of your policy. CGL coverage is one of the most commonly sold insurance products, primarily because of the impact that a law suit can have on a business.
CGL coverage can be purchased as part of an insurance package policy or as a standalone policy. Costs for CGL policies are determined in carious ways, such as gross sales, building size, or total project cost to name just a few methods.
Crosbie Job has been providing Newfoundland businesses with the most current and comprehensive commercial general liability policies since 1984. We know our province and the unique challenges it presents in regards to your business. We offer insurance based on Strength and Experience, so we will tailor an insurance solution for you. You can sleep easy because we've got you covered.
Don't be left wondering if you have the right coverage. Simply fill out the protection Quote Form and one of our professional brokers will contact you to review your CGL insurance requirements.