Why do I need commercial general liability insurance in British Columbia?
Most businesses in BC carry commercial general liability insurance. This is because nearly every business has the risk of getting sued for negligence if a third party is hurt or has their property damaged. This coverage protects your business financially if you’re sued for this reason.
While commercial general liability insurance is not required in British Columbia, it may be required in a contract (such as with a landlord or client).
Lawsuits can financially cripple a business. Commercial general liability insurance can help cover expenses associated with a lawsuit and reduce the financial burden on your business. It’s affordable coverage for a lot of protection – which is why so many businesses carry this type of insurance.