Commercial General Liability Insurance British Columbia
From Vancouver to the Okanagan, BC businesses face liability risks every day. Commercial general liability insurance helps protect you from third-party injury, property damage, and legal claims that could put your business at risk.
Comprehensive commercial general liability BC businesses can depend on
Commercial general liability insurance (also known as CGL) is an important part of any risk management strategy for businesses in British Columbia. The reliable and affordable insurance policies offered by Acera Insurance can protect your business from any unforeseen legal liabilities.
We provide comprehensive coverage for a variety of risks, including property damage, personal injury, or death. With our commercial general liability insurance, you can rest assured knowing that your business’s financial security is protected.
Interested in bundling your CGL and E&O insurance in minutes?
Acera Insurance offers EasyCover where you can get a quote online, bind your policy and pay online in only a few short minutes. Get comprehensive coverage and affordable rates quickly and easily.
Here are some of the benefits of EasyCover:
- Get free online quotes 24/7
- No long, confusing applications to fill out
- Purchase and manage your policy online
- Support by phone, email or chat
- Option to bundle with other coverages
Understanding BC commercial general liability insurance
What is commercial general liability insurance?
Commercial general liability insurance protects a business from third-party claims of bodily injury, property damage, and advertising injury. It is designed to cover the legal costs and expenses associated with defending against such claims, as well as awards or settlements, if any. Commercial general liability insurance is essential for businesses of all sizes, as it protects their financial stability by covering the costs that may arise from claims of liability related to their business activities.
Why do you need commercial general liability insurance in BC?
Commercial general liability insurance gives you peace of mind, knowing that your business is protected if a lawsuit is filed against it. It also helps you avoid financial strain and unexpected expenses, such as legal defense and settlement costs. Furthermore, some clients may require proof of insurance before they work with your business.
How does commercial general liability insurance work in BC?
CGL provides coverage for liability claims related to bodily injury and property damage resulting from your business operations. When claimants seek damages, your liability coverage may cover third-party allegations and defense costs.
Your employees, your products, and your finished operations could all be held responsible for claims of bodily injury or property damage.
An BC commercial general liability insurance policy is based on occurrence. What does that mean? This means that all incidents occurring during the policy term (usually one year) are covered regardless of when they are presented.
No matter what your industry is, our British Columbia business insurance brokers can quickly assess the risks and potential financial losses your business could face.
We provide CGL insurance BC businesses and industries can trust
We’ve used our extensive experience and knowledge to create support the following industries with their commercial general liability insurance and more specialized coverage:
- Acupuncturists
- Auditors
- Business Consultants
- Chemical Engineers
- Computer Programmers
- Construction Contractors
- Construction Safety Contractors
- Consultants
- Database Managers
- Design Engineers
- Dietitians
- Electrical Engineers
- Engineering Contractors
- Finance Professionals
- Financial Analysts
- Financial Controllers
- Forensic Experts
- Health Professionals
- HR Consultants
- IT / Computer Contractors
- IT Analysts
- IT Managers
- Legal Services
- Management Accountants
- Managers
- Marketing Consultants
- Mechanical Engineers
- New Media
- Payroll Administrator
- Photographers
- Project Managers
- Psychologists
- Public Administrators
- Software Consultants
- Speech Pathologists
- Yoga/Pilates/Zumba Instructors
- Social Services
If you don’t see your profession above, not to worry. Give us a call and we’ll see what we can do for you.
How much does commercial general liability insurance in BC cost?
While commercial general liability insurance is essential for every business, its cost can vary widely, depending on several factors that insurers consider when issuing a policy.
As a business owner, it’s important to be aware of the factors that can affect the cost of your CGL insurance policy in BC to ensure you get adequate coverage at an affordable price. Here are some of these factors:
- Industry and Business Type
The cost of commercial general liability insurance in BC often depends on the type of business you operate. For example, if you run a high-risk business, such as a construction or manufacturing business, you may end up paying a higher premium than that paid by low-risk businesses, such as a retail store. Insurance providers in BC evaluate the level of risk associated with your business and establish premium rates accordingly. - Business Size
The size of your business also affects the cost of your CGL insurance. Larger businesses with a larger number of employees, higher revenues, and larger assets may have to pay higher premiums than smaller businesses. - Past Claims History
Your past claims history plays a crucial role in determining the cost of your commercial general liability insurance. If the insurance provider perceives your business as having a higher risk due to its past claims, you may end up paying a higher premium. On the other hand, businesses with a clean claim history may pay cheaper CGL insurance premiums. - Location of the Business in BC
The cost of commercial general liability insurance also depends on the location of your business. The insurer considers the level of risk associated with the geographic area your business operates in when determining the premium rates. In areas with a high risk of natural disasters or high crime rates, businesses may pay a higher premium.
Affordable commercial general liability insurance policies in BC
With Acera Insurance and EasyCover, we offer affordable and competitive rates on our commercial general liability insurance policies. We’ll make sure that you get the best value for your money and that you are getting the right coverage for your business. With our competitive rates and exceptional customer service, you can be confident that you are getting the best insurance coverage for your business.
How to get the best commercial general liability insurance in BC?
At Acera Insurance, we offer two convenient ways for you to find the best CGL insurance policy for your needs.
1. Bundle your online CGL quote with E&O in minutes
Get a quote and buy your coverage online with EasyCover. Through the quick EasyCover quoter, you can build your policy and see the premium amount update instantly based on your own selections. If you are happy with the quote, you can simply bind online right away. It’s as easy as that.
2. Talk to an Acera Insurance advisor
Have questions about your coverage? Your local Acera commercial insurance advisors are your partners in business. At Acera, we devote personal attention and exceptional customer service to our business clients. We’re more than your insurance broker: we’re your business partner, today and in the future.