Commercial & Business Insurance Solutions
As a business owner, commercial general liability insurance protects you financially from unexpected events and negligence claims while operating your business. Rhodes & Williams has been providing corporations and small business owners with solutions for almost 90 years. We care about your business.
Secure Commercial General Liability (CGL) Insurance
Whether you are a startup or an established corporation, our experienced insurance brokers help you to develop your commercial insurance program. We will design a package specific to your needs — one that protects your valuable assets and lets you focus on the success of your business.
What Does a Comprehensive Commercial Insurance Program Include?
A comprehensive commercial insurance program includes:
- Property Insurance
- General Liability Insurance
- Professional Liability (Errors & Omissions)
- Directors and Officers Liability
- Commercial Automobile
- Crime
- Cyber Liability
- Environmental Insurance
What is Included in a CGL Insurance Policy for Business owners?
A business liability policy covers legal fees and other costs associated with negligence and liability claims made against your business from a third party. For example, if you are a contractor and visit a client’s home and break a vase, your business liability insurance will help cover the costs. If a customer visits your store and slips and falls, you will be responsible for paying out-of-pocket for the customer’s medical expenses if you do not carry the proper commercial general liability insurance policy protection.
What 3 Main Areas Does Commercial General Liability Insurance Cover?
- Property Damage/Bodily Injury
- Liability (tenant, injury)
- Product Liability
Coverage for Commercial & Business Insurance Policy
Business liability insurance, or CGL, commonly covers legal costs and damages related to the items below.
Property Damage/Bodily Injury:
When a person (third party) is injured, or their property is damaged from your business’ actions.
Product Liability:
A product you sell causes bodily injury or damage to someone else’s property.
Tenant’s Legal Liability:
Covers the costs, repairs or replacement when you rent or use another person’s property and cause damage due to your business operations.
Personal and Advertising Injury Liability:
Protection against accusations of false advertising, slander, libel, and defamation.
Additional Coverage for Commercial General Liability Insurance
Any size of business or corporation needs protection against accidents, accusations and damage. While you may be prepared with a comprehensive business liability insurance policy, business owners and contractors often need to top-up their coverage options. See below for additional insurance suggestions.
Professional Liability Insurance:
Also called errors & omissions insurance, professional liability insurance protects professionals, including lawyers, accountants, and psychologists who provide a service, or advice, to their clients. Link to Professional Liability Insurance page.
Directors & Officers Insurance:
Board of directors and officers who serve a non-profit organization or corporate board can be sued for actions of the company they work for. Insurance covers legal fees and monetary judgements. Link to Directors & Officers Insurance page
Cyber Liability Insurance:
Protect your company from hacks and breaches with this type of insurance coverage, which covers credit monitoring, repairs, and legal costs. Link to Data Breach Insurance page
Other commercial general liability insurance coverage includes product liability insurance, commercial property insurance, commercial vehicle insurance, and product liability insurance.
Why Choose Rhodes & Williams Insurance?
In Business for almost 90 years.
In Business for almost 90 years.As an independently owned brokerage, we take care of our clients at every stage of the insurance journey, from the initial connection to the completion of each customer’s request, on time.
Hands-on Insurance Services.
Hands-on Insurance Services.We have a team of committed brokers, which allows us to be the go-to insurance brokerage in major cities in Canada. We provide impeccable service so you can go on with your life with your insurance needs taken care of.
Trusted by Many.
Trusted by Many.Whether you need home, car, business, or recreational insurance in Canada – we have your back. See our Testimonials for proof of exceptional service.
FAQs
No. You do not need a business liability insurance policy to operate a business, but you are running a huge risk by not having insurance to protect your assets and yourself. Business Liability insurance protects you financially from bodily injury and property damage claims.
A CGL insurance policy will cost you, on average, $500 per year, for a small or medium-sized business. The cost of your business insurance policy will depend on various factors, including the size of your business, its location, staff numbers, prior business claims, and more. For a range of insurance rates available to you, contact one of our commercial business insurance brokers for an estimate.
If you are a business owner that has visitors and clients who come to your home, or you go to their home, you require business liability insurance. A slip and fall claim are the most common business liability insurance claims in Canada.
Business liability insurance, also called CGL insurance, does not cover you for patent infringement, commercial vehicles, professional advice and other services. Ask a Rhodes & Williams broker about alternative insurance coverages. Whether you are a solopreneur or a large corporation, we have a rate and insurance package that fits you perfectly.