Commercial General Liability, Crime Coverage, And Cyber Insurance In Wetaskiwin
What Is Commercial General Liability Insurance?
Commercial General Liability (CGL) insurance helps shield your business from financial setbacks if someone files a claim for injury or property damage linked to your services, products, or day-to-day operations. Whether you run a small trade business or a large industrial company, CGL is essential coverage that helps safeguard your livelihood.
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Different Types of CGL
CGL can be tailored to include various coverage extensions such as the following:
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Crime coverage insurance
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Cyber insurance
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Business interruption insurance
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Legal expense protection
What’s Covered and What Isn’t
Commercial general liability insurance typically covers third-party bodily injury, property damage, legal defence costs, and advertising injury such as libel or slander. However, it does not cover employee injuries (these are handled through workers’ compensation), professional services, intentional acts, or damage to your own property.
Benefits of Cyber Insurance
Cyber insurance helps minimize operational downtime and financial losses following a cyber incident. It covers the costs of investigations, legal proceedings, and regulatory compliance. Most importantly, it helps maintain client trust and protects your brand’s reputation during and after a data breach.
