General Liability Insurance for Small Businesses in Canada
General liability insurance is recommended for all small businesses in Canada. Why? This coverage protects your company from a wide range of liability claims caused by negligent acts from third parties, including:
- Property damage
- Bodily injury
- Harm to reputation
What are negligent acts? They’re typically defined as a failure to exercise appropriate care in specific circumstances. Third parties are anyone not employed by your business – customers, vendors, or random people on the street.
Here are a few examples where this protection would come in handy:
- An employee accidentally damages a wall while in a client’s home.
- A client trips over a rough edge in your store and injures themselves.
- You write an article mentioning a competitor by name and they are upset.