General liability insurance

A Commercial General Liability (CGL) policy will respond when a business or its owner is sued because someone was injured or somebody’s property was damaged. It doesn’t matter if the claim is true, the policy will cover legal expenses and any award granted.

An example of this policy activating is if someone slips and falls on your businesses’ premises, and decides to sue. A CGL policy would cover legal expenses as well as any award or settlement that resulted.

Professional Liability insurance — also known as Errors & Omissions insurance (E&O) — is usually triggered when a business is accused of failing to properly render professional services, or that they were acting negligently.

Contents insurance covers the physical things your business owns, like computers, tools, improvements you make to your space as a tenant, or costs associated with relocating in the event of fire, water damage, flood, theft, or other perils included in the policy.

These physical items are typically covered on a replacement cost basis, meaning if they are totally destroyed the insurance policy pays for a similar item new. It is important to have a high enough contents limit to replace everything in your business.

With APOLLO Insurance, Canada’s leading online insurance company, you can find custom coverage for your business within minutes. Start your online application right now, and you can be insured within the next 15 minutes.