Liability Insurance

Liability insurance for businesses in Canada protects against claims involving bodily injury, property damage, and legal costs arising from operations. It helps businesses manage financial risk and defend against lawsuits from third parties.

Commercial General Liability (CGL) insurance is a core business policy that covers third-party bodily injury, property damage, and legal expenses caused by business operations, products, or premises.

Liability insurance costs in Canada vary based on industry, revenue, payroll, risk exposure, claims history, and coverage limits. Higher-risk industries such as construction or manufacturing typically pay higher premiums.

Liability insurance covers third-party bodily injury, property damage, legal defence costs, settlements, and judgments. Coverage applies to claims arising from business operations, products, or services, depending on the policy type.

General liability insurance covers bodily injury and property damage to third parties, while Errors and Omissions (E&O) insurance covers financial losses caused by professional mistakes, negligence, or failure to deliver services properly.

Excess liability insurance provides additional coverage above the limits of a primary liability policy. It is used when businesses require higher limits due to contractual obligations or increased exposure to large claims.

Industries such as construction, retail, hospitality, manufacturing, and professional services commonly require liability insurance to protect against third-party claims and legal risks.

Brokers can obtain liability insurance quotes by submitting business details such as operations, revenue, payroll, coverage limits, and claims history. Accurate submissions help insurers assess risk and provide competitive terms.