Business Insurance

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Commercial Liability

Commercial Liability Insurance Quotes in Ontario

Think Champlain Insurance

Commercial General Liability Insurance is one of the most important types of insurance coverages you need to protect your business. Whether you are a contractor, own your own consulting business or work as a skilled tradesperson, Commercial General Liability Insurance is an important step to safeguard your business operations.

What Is Commercial Liability Insurance and Why Do I Need It?

Owning and operating your own business exposes you to a variety of liability risks. Having the right commercial liability insurance can help mitigate risk and avoid significant losses that result from unforeseen circumstances. Commercial General Liability insurance offers protection for your business against claims for third party injury and property damage that occur on your premises or due to operations and products. It can also offer protection from defence costs resulting from advertising liability and personal injury.

In the event that your business is found liable for injuries caused to another person or damage to their property, the cost can be extortionate. With business liability insurance, you can rest assured that you’re protected.

There are a number of additional coverages available that you can add to your business liability insurance policy including:

  • Non-Owned Automobile Liability
  • Tenants Legal Liability
  • Privacy Breach Coverage
  • Umbrella Liability
  • Directors and Officers coverage
  • Errors & Omissions

How Much Does Commercial Liability Insurance Cost?

The cost for your Commercial Liability Insurance will vary depending on what industry your business is in. For example a business serving alcohol compared to a business offering marketing consulting provide two very different types of risks.

The following are examples of what you can expect the annual cost of Commercial Liability Insurance for $1,000,000 in liability coverage.

  • Restaurants – From $500/Year
  • Construction Companies – From $600/Year
  • Health Professionals – From $500/Year
  • Office Professionals – From $300/Year

Having the cheapest policy for your business is not the wise decision. Our brokers will take the time to understand your business to be able to guarantee that you are covered in the event of a claim. However, we will take the time to shop your business liability insurance with our providers to be sure you’re getting the best rate for your coverage.

How Do I Get Commercial Liability Insurance with Champlain Insurance Brokers?

Our Champlain Insurance brokers will always start the conversation with getting to know more about your business. This allows us to get an understanding of your operations, risk exposures, revenues, contractors, and clients. Once we have your completed application in our possession, our brokers will shop your quote with several business liability insurance companies that specialize with your class of business. Contact us today.