Commercial General Liability (CGL) Insurance

Commercial general liability insurance in Ontario is a type of business insurance policy that protects companies from losses due to lawsuits or claims filed by customers, clients, vendors, or other third parties.

Commonly referred to as CGL insurance, it protects a business against allegations of negligence caused by the construction business's operations, products, or services. It's a critical policy that businesses should hold in case of a lawsuit to cover legal fees, court costs, settlements, and judgments.

If you have questions about commercial general liability insurance, would like an audit of your current policy, or would like to obtain a quote for CGL insurance, the Buildsure team is here to help.

What is Commercial General Liability Insurance

What is Commercial General Liability (CGL) Insurance?

Simply, commercial general liability (CGL) insurance protects a business if a lawsuit or claim is filed against it due to an accident, injury, or damages that occur on a construction site or as a result of its business activities.

It is a standard coverage that companies across industries, including construction, carry to protect them against financial losses and potential legal liabilities that could jeopardize their business.

What Damages are Covered Under a CGL Insurance Policy?

By design, commercial general liability (CGL) insurance covers various liabilities a business could face stemming from its operations, products, or services. While specific policies can vary regarding coverage, here is a list of what is typically included in a CGL policy.

1. Bodily Injury and Property Damage - coverage for injuries or damages to third parties caused by a business operation, products, or services, which could include medical expenses, legal fees, and compensation for injuries.

2. Personal or Advertising Injuries - protection from non-physical injury claims such as libel, slander, defamation, copyright infringement, or false advertising.

3. Products and Completed Operations - coverage for liabilities resulting from injuries or damages caused by defective products or negligent quality.

What Damages are Covered Under a CGL Insurance Policy

Who Needs to Have a Commercial General Liability Insurance Policy?

Any business or professional that engages in commercial activities engages with clients, customers, or the public, or has a physical location where accidents could occur should have a commercial general liability insurance policy to protect against potential liabilities.

Regardless of its size or industry, a business will benefit significantly from having a commercial general liability (CGL) insurance policy. Partnering with an experienced commercial insurance broker ensures a business has the protection it needs against potential liabilities from its operations.

FAQs of Commercial General Liability (CGL) Insurance

We're here to answer your specific questions on commercial general liability insurance in Ontario. In the meantime, here are answers to the common questions our clients have.

How Much is Commercial General Liability Insurance?

In Ontario, the cost of commercial general liability insurance will vary from business to business. The factors that determine the rate of a CGL insurance policy include the type of business, size, location, industry, policy coverage limits, deductibles, and the business's risk profile. To get an accurate quote, it's best to work with an experienced broker who can tailor a CGL policy to your needs to get a cost-effective policy that protects your business.

Is Commercial General Liability the same as Umbrella Insurance?

While commercial general liability insurance (CGL) may seem similar to umbrella insurance, it serves different business purposes and provides different coverages. CGL insurance covers third-party damages from a business's operations, products, or services, whereas an umbrella insurance policy provides additional liability coverage beyond the limits of primary insurance policies such as CGL insurance.

Where Can You Get CGL Insurance?

CGL insurance can be obtained through an insurance broker who acts as an intermediary between your business and insurance companies. By completing a Buildsure online quote form, you can connect with an experienced broker who will shop around for the best commercial general liability insurance policy for your business.

Why Do Builders Love Buildsure?

Our Buildsure broker, Ryan, has been an essential part of our team, ensuring that we're covered for all eventualities as we tackle new projects and challenges in the homebuilding sector.

John Vranic

Vranic Homes

The in-depth knowledge of the construction sector has been instrumental in identifying potential exposures and crafting policies that address them comprehensively. Their responsiveness and attention to detail make them a pleasure to work with, and we highly recommend their services to anyone in the homebuilding industry.

Raj Rai

Raison Homes

Our broker has been an invaluable partner in helping us navigate the complexities of the homebuilding industry. They've taken the time to understand our business inside and out, providing us with personalized insurance solutions that offer the right level of protection at competitive rates.

Kevin Sharpe

Sharpe Industries Inc.

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