# Newfoundland Commercial General Liability Insurance > Commercial General Liability Insurance Newfoundland: Protect your business with CGL Insurance. Get a free Newfoundland CGL Insurance quote now! Commercial General Liability Insurance Newfoundland Whether you operate in St. John’s or across Newfoundland, everyday business risks are real. Commercial general liability insurance helps protect you from third-party claims that could damage your finances or reputation. Get a Free Quote Affordable Newfoundland commercial general liability insurance Newfoundland and Labrador is seeing a boom in start-up businesses, especially in the tech sphere. This province is seeing a revitalization of business activity and all for the better. However, like any business, start-ups and enterprises in Newfoundland need to have the right insurance. Commercial general liability (CGL) is an insurance policy that covers third-party bodily injury and property damage resulting from the business’s products or operations. It is considered critical coverage for your business, protecting both yourself and the injured or suffering parties! In Newfoundland, commercial general liability insurance in Newfoundland can help keep your business afloat despite unexpected events or accidents where a third-party is injured or has their property damaged. Newfoundland commercial general liability insurance typically covers your business for legal defense costs and compensatory damages. For a small business or a start-up, this can go a long way – and can perhaps be the thing that prevents your business from needing to close its doors prematurely. 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 Get an EasyCover Quote Understanding commercial general liability insurance in Newfoundland Why get commercial general liability insurance in Newfoundland? Businesses are not required to have commercial general liability insurance in Newfoundland. It is not mandated, unlike some other forms of coverage, such as errors and omissions (E&O) insurance for certain industry professionals. Commercial general liability insurance, however, is intended to protect small-business owners from the cost of lawsuits or other claims. This insurance is not only for large companies. Commercial general liability insurance is a good option for small businesses to protect them from potential lawsuits and other claims. If a company is still working on establishing a solid financial base, it can be the thing that keeps them in business for years to come and can prevent a premature end. Every business is responsible to its clients as well as the public. Accidents and injuries can happen. You need CGL coverage to protect you in situations where the responsibility of care is owed following an injury. Slip-and-fall accidents are one of the prime examples of the benefits of CGL coverage. You can be covered in the event of a slip-and-fall accident that occurs on your property due to a poorly shovelled sidewalk or accumulation of ice during winter. You can also be sued if a product is spoiled, and someone becomes ill after purchasing it. While these incidents may seem small, the average slip-and-fall settlement can cost a business hundreds of thousands of dollars. What is not covered by commercial general liability insurance in Newfoundland? Intentional criminal activity Motor vehicles Contractual liability Negligence claims unrelated to bodily injury or property damage Patent infringement The company’s property damage Every policy is different, of course, and what one policy may cover, another may not. It is also important to be aware of what one type of liability insurance policy covers and where you may need to purchase other options to ensure your business is adequately covered. For example, if you were a professional contractor, it helps to know the difference between commercial general liability insurance and professional liability insurance. In some instances, you need both forms of coverage to be covered. We provide CGL insurance Newfoundland 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. Newfoundland commercial liability insurance covers Bodily injury Coverage If a customer suffers bodily injury due to your business activities or inaction, your business could be sued. This is because it implies that the injury was caused due to your business’s negligence. Your business might be required to compensate the injured party for medical bills, lost earnings, pain, or suffering. CGL coverage allows you to file a claim directly with the insurer if you have a third-party claim alleging bodily injury or property damage. If the claim is due to an insurable reason, all legal expenses may be covered. Property Damage Coverage You could be held legally responsible for damage to property owned by third parties leading to costly legal fees. This could negatively impact on the reputation of your business. CGL insurance protects you and your business against third-party damage to your business or property. 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 Commercial general liability insurance typically covers personal and advertising injuries. This protects the company from claims of libel, slander, privacy violations, intellectual property infringement and damages related to advertisements. Tenant’s Legal Liability With tenant’s legal liability, you may be protected against any risks associated with operating in leased premises by the tenant’s legal liability insurance or commercial tenant insurance. General liability insurance covers damage to rental properties that is caused by you and your employees. Many landlords require this coverage before you rent space to your business. Understanding the ins-and-outs of buying commercial general liability insurance in Newfoundland 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 commercial general liability insurance do I need in Newfoundland? You do not want to make the mistake of overpaying for the coverage your business does not need, nor do you want to risk being underinsured and financially exposed. Here are some factors you should consider before buying commercial general liability insurance in Newfoundland: Frequency of lawsuits in your industry Average cost of lawsuits in your industry Your annual revenue Your clientele base Do you operate on worksites? How often do clients, vendors, and the public visit your office or business The number of employees does your company have With EasyCover, you can get professional opinion on how much coverage your business needs. Thanks to our quick online quoting tool, you can get a quote for your commercial general liability insurance in Newfoundland faster than ever. How much does commercial general liability insurance cost in Newfoundland? The majority of commercial general liability insurance policies cost between $450 and $500 per annum for small or medium businesses in Canada requiring $2 million worth of coverage. For some larger businesses, policies can cost over $1,000 a year. The cost can vary depending on a variety of factors, including: What industry you are in The number of employees in your business Your revenue Years of experience Three ways to save on your CGL insurance in Newfoundland Find A CGL Broker. It can be difficult to research Newfoundland insurance companies and find the best rates on your own, especially with a whole business to take care of. Working with a broker is an immense help. They will not only have the information, but they also have years of experience that will allow you to get the best coverage at the most affordable price. For the best advice and free quotes, call one of our experienced commercial general liability insurance brokers or simply use our quick quoting tool to get options from numerous top-rated insurance carriers. Review Your Coverage. Every year, your business goals and needs change. Your coverage should also change to reflect your constantly evolving needs. When it comes time to renew your annual policy, you should review your policy and ensure you are not paying too much for coverage that you do not require. Look for Discounts. Many business owners do not know that insurance companies may offer a discount if you raise your deductible or if you bundle a commercial auto insurance policy with your CGL policy among countless other discount opportunities. Ready to get your free commercial general liability insurance quote? Simple answer a few questions to immediately receive a quote, bind your policy and pay online in only a few short minutes. Get Started