Commercial insurance, also known as commercial general liability insurance (CGL), is an insurance policy that provide financial protection against common liability claims or lawsuits brought against you and your business, AND MUCH MORE.
Regardless of the industry you operate in, commercial insurance is essential to the long-term survival of your business.
Commercial insurance provides coverage for common scenarios you may run into as a business owner. A commercial insurance policy may cover legal fees, out-of-court settlements, medical expenses, and monetary judgements also covered in a package may be:
Your business is more than just bricks and mortar. Whether you own your commercial space, lease an office or work from home – commercial property insurance protects you against loss or damage such as a fire, theft, vandalism, and more.
This protection covers the physical assets of your business inside and out, including: buildings, inventory, electronics and equipment, as well as exterior fixtures (outdoor signs, fencing and landscaping, etc.).
From a small retail store to a large manufacturing plant, equipment breakdown exposure impacts almost every type of business and can lead to substantial revenue loss.
Equipment breakdown insurance covers losses resulting from the accidental breakdown of pressure vessels, boilers, production machinery, heating, refrigeration, air conditioning and/or electronic equipment that are specifically excluded from a commercial property insurance policy.
Available as a stand-alone policy or added to an Intact business package policy, this insurance covers the repair and replacement of the equipment insured.