Commercial General Liability Insurance in Edmonton
Edmonton’s dynamic business landscape brings opportunity—and exposure to liability. Commercial general liability insurance provides coverage against third-party injuries, property damage, and legal costs.
Reliable Edmonton commercial general liability insurance
Business insurance, also known as commercial general liability (CGL) insurance, is the insurance your business needs. Whether it’s a small business or a big corporation, all Edmonton business owners need protection against any unexpected events. You cannot predict the obstacles your business operations might face, but you can safeguard your livelihood against them with the right business insurance policy.
At Acera Insurance, we specialize in different types of commercial insurance. Our job is to help you worry less and focus more on growing your business.
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 Edmonton commercial general liability insurance
What is commercial general liability insurance?
Commercial General Liability (CGL) insurance protects businesses against third-party claims involving bodily injury, property damage, or advertising-related harm. It covers legal defence costs, as well as any settlements or court-awarded damages. This type of insurance is essential for businesses of all sizes, as it helps safeguard financial stability by covering the potentially significant expenses that can result from liability claims related to everyday operations.
Why do you need commercial general liability insurance in Edmonton?
CGL insurance provides peace of mind by ensuring your business is protected in the event of a lawsuit. It helps you manage unexpected costs – such as legal defence fees and settlement expenses – reducing the risk of financial strain. In addition, many clients may require proof of this coverage before agreeing to work with your business, making it an important asset for maintaining credibility and securing opportunities.
What isn’t covered by commercial liability insurance in Edmonton?
These types of lawsuits are not covered by any type of insurance:
- Intentional criminal acts
- Patent infringement
- Contractual liability
Who needs business liability insurance in Edmonton?
In the majority of Canada, all businesses are owed a duty of care under common law. That means that they are obligated not to cause any harm to anyone. If your business harms anyone in any way, you are susceptible to an expensive and reputation-damaging lawsuit. Not all companies and businesses can afford to pay for the legal expenses of a lawsuit. Fortunately, if you have business insurance, these expenses are covered by your insurance company.
We provide CGL insurance Edmonton 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.
What does Edmonton commercial liability insurance cover?
Bodily injury Coverage
This doesn’t have to be direct physical harm. If someone gets injured from slipping on a wet floor inside or outside your business property, or if a faulty sign you put falls on someone walking down the streets, the injured person can file a lawsuit. Anyone, including customers, vendors, employees, delivery and maintenance personnel, or guests, can file such a claim. If you have bodily personal injury coverage, you may get covered for legal fees, medical expenses, lost wages, and more.
Property Damage Coverage
Third-party property damage covers repair costs for any damage your business causes to any other property, like a client property or a neighbouring property. For example, if an employee spills paint on a client’s floor, they might file a claim to get you to pay for the damage.
Product Liability Insurance Coverage
A coverage made for claims related to your product or service. For example, if your product proves faulty or harmful in any way, your customers might file a lawsuit. Similarly, if you provide a service, like landscaping or cleaning, damage that happens during the service can lead to a lawsuit. This coverage pays for the legal expenses and repair costs.
Personal and Advertising Injury Liability Coverage
This liability insurance coverage protects you if a client or customer accuses you of inflicting non-physical damage upon them. Reasons for filing a lawsuit might include accusations of slander, libel, false arrest, malicious prosecution, wrongful eviction, violation of privacy rights, copyright infringement, or any non-physical harm or damage.
Tenant’s Legal Liability
Simply known as tenant insurance, this type of insurance is for you if you lease your business property. Most landlords will require you to get this CGL insurance coverage to financially cover any accidental damage you or your employees cause to the rental property.
Understanding the cost of commercial general liability insurance in Edmonton
With Acera Insurance and EasyCover, we offer affordable and competitive rates on our commercial general liability insurance policies. We’re committed to helping you get the most value for your investment by ensuring your coverage is tailored to your business’s specific needs. With our competitive rates and outstanding customer service, you can trust that your business is protected by the right insurance – at the right price.
How much does commercial general liability insurance cost in Edmonton, Alberta?
A basic commercial general liability insurance policy with a 2M limit costs $450 per year. Below are some factors that affect the cost of Edmonton CGL insurance.
- Industry and Risk Exposure: Some industries pose more risks than others. For example, a contractor’s business is more likely to cause damage or injuries than a marketing firm.
- Location: The location you choose for your business might lower or increase the cost of insurance, depending on crime rates, claims statistics, weather conditions, and more.
- Number of Employees: A big business with a large number of employees is more prone to accidents, and the insurance rates might be higher than a small local business.
- Claims History: Businesses with previous claims are at more risk of making more claims in the future. That’s why the more claims you make, the higher your insurance premium is.
- Revenue: Revenue is also a factor. With more at stake, companies that generate high revenue pay more in insurance premiums.
How do I get cheaper Edmonton CGL insurance?
- Explore different options before settling on a quote – You might find that some companies offer good coverage at more affordable prices than others.
- Implement risk management strategies – Devise strategies that lower the risk of accidents. For example, training your employees on safety measures will make them less likely to make costly mistakes.
- Get expert help – Consult with our brokers, and ask about the best deals and ways to save money. They would be happy to help.
- Make fewer claims – If possible, avoid making a claim if you can cover the costs associated with a lawsuit or damaged equipment.
How to find the best commercial general liability insurance coverage in Edmonton
At Acera Insurance, we offer two convenient ways for you to find the best CGL insurance policy for your needs.
1. Get a quote and buy online 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.
How do I avoid making Edmonton commercial insurance claims?
While accidents can’t always be avoided, there are ways you can prevent a handful of them with good care and risk management strategies. Here are some tips:
- Train employees on safety standards
- Adhere to safety regulations
- Ensure you’re using the right equipment
- Train employees on brand image to avoid libel or slander accusations from other brands
- Give the employees proper training on how to handle client equipment, belongings, and property with care
- Ensure you have proper quality control practices to avoid customers filing lawsuits related to your product
Ensure your projects have adequate coverage. Call now to get a free quote for commercial general liability insurance or get a quick quote online through our EasyCover quoter.
FAQs: CGL Insurance in Edmonton
CGL insurance coverage includes these:
- Individual: Named individual or partner.
- Partnership: Known as partnerships, joint formed partnerships between partners and spouses.
- LLC members and directors.
- Organisms: Listed entities.
No, it’s not mandatory to have CGL insurance in Edmonton. However, it’s recommended to have it as it serves as financial protection against expenses that might be an obstacle to your business operations.
General liability insurance costs $450 on average for basic coverage with a limit of $2 million.
Umbrella liability insurance is an extension of CGL insurance. It provides extra coverage for payments that exceed the limits of your CGL insurance. You need to have CGL to be able to add umbrella insurance as an extension.