Commercial General Liability (CGL) insurance, also known as Business Liability Insurance, safeguards business against financial losses stemming from legal claims and lawsuits, encompassing personal injury, property damage, bodily injury, and legal expenses. Insurance
Brokers play a vital role in assisting clients in shielding their interests and business operations, and what better way to do so than by offering customized solutions from an award winning Insurance provider designed exclusively for their needs?
CHES Special Risk provides comprehensive coverage for Business liability insurance tailored to cater to the requirements of your clients. Our experienced underwriting team possesses a deep understanding of the market, which enables us to design policies that offer unparalleled solutions not just in Ontario but throughout Canada.
What makes us a suitable option for business insurance in Ontario?
- Bespoke Insurance Solutions
At CHES Special Risk, we acknowledge that every business is unique and requires tailored made insurance coverage. We partner with brokers to understand their client’s needs and create customized coverage. We attempt to learn about their business and identify potential hazards before offering insurance solutions.
- Expertise and Market Knowledge
Our seasoned insurance professionals have in-depth global knowledge of the market. We work closely with brokers to ensure that their clients get the most accurate coverage. We have a thorough awareness of the regulatory requirements for businesses requiring commercial insurance and can advise brokers on best insurance solutions available at CHES.
- Competitive Price
We understand that cost is an important factor for your clients and we strive to provide competitive pricing without compromising on the quality of coverage or service.
Who needs business liability insurance in Ontario?
Any business in Ontario as well as across Canada that deals with consumers, clients, or suppliers is subject to potential lawsuits. Liability insurance can assist firms in mitigating the financial impact of such unprecedented events. Brokers are encouraged to educate clients on the significance of liability insurance.
Doctors, Attorneys, Accountants, and Engineers are some examples of occupations that require Liability insurance as a regulatory requirement to operate.
What are the coverage and cost of liability insurance in Ontario as well as in Canada, and what does it encompass?
In Ontario and across Canada, liability insurance coverage covers numerous forms of coverage that protect businesses from various hazards. The three general or popular category are as follows:
General Liability Insurance:
This coverage protects businesses from claims of bodily injury, property damage, or personal injury resulting from their operations. It also covers legal fees and settlements associated with such claims. The cost of General Liability Insurance varies depending on the size of the business, the industry, and the level of risk.
Product Liability Insurance:
This coverage protects businesses that manufacture or sell products from financial losses that result from injuries or damages caused by their products. The cost of Product Liability Insurance varies depending on the type of product, the size of the business, and the level of risk.
Professional Liability Insurance:
This coverage protects businesses that provide professional services from claims of negligence or errors that result in financial losses to their clients. It is also known as Errors and Omissions (E&O) insurance. The cost of Professional Liability Insurance varies depending on the size of the business, the industry, and the level of risk.
In which regions of Ontario do we provide this insurance coverage?
CHES Special Risk provides Business Liability insurance coverage in Ontario as well across Canada. We are a licensed insurance provider that offers insurance solutions in all Canadian time zones.
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