Edmonton Commercial General Liability Insurance
Running a business is tough enough, why should you have to worry about insurance? Bullfrog gives you instant coverage, rockstar treatment and no bull. We make it easy to get Edmonton commercial general liability insurance quotes and to take care of your coverage.
How to Get Commercial General Liability Insurance in Edmonton
Here’s how to get commercial general liability insurance in Edmonton with Bullfrog:
- Enter your profession.
- Provide your contact information.
- Answer a few questions about your business operations.
- Choose the insurance coverage you’d like.
- Review your Edmonton commercial general liability insurance quotes.
- Choose the insurer you’d like to proceed with.
- Pay online.
- You’re insured!
We email you your policy documents and certificates of insurance right away. It’s really that simple.
Do I need commercial general liability insurance in Edmonton?
Your business may need commercial general liability insurance in Edmonton for two main reasons:
- It is required by contract (such as with a landlord or client).
- If you cannot pay for a lawsuit out of pocket.
Although this protection is not required by law in Edmonton, it is important coverage for all businesses to have.
How much commercial general liability insurance do I need for my Edmonton business?
The amount of commercial general liability insurance your Edmonton business needs will depend on the likelihood of a lawsuit and the expected cost of a lawsuit.
At Bullfrog, we offer a few levels of protection:
- $2 million
- $3 million
- $4 million
- $5 million
This is the maximum amount that your policy will payout. There are a few factors to consider when choosing how much commercial general liability insurance you need for your Edmonton business:
- Your industry
- Your business operations
- How common lawsuits are in your industry and how much they cost
- Where you operate
- How many employees you have
- Your annual revenue
- Contract requirements
If you’re not sure how much protection you need, you can always contact our Bullfrog insurance experts for advice.
Edmonton Commercial General Liability Insurance Coverage
Our commercial general liability insurance for Edmonton businesses covers you if you’re sued for causing property damage or bodily injury to a third party due to negligent acts. What does all this mean?
- Property Damage – causing damage or loss to property.
- Bodily Injury – causing physical harm to someone.
- Third Party – anyone not employed by your business.
- Negligent Acts – when you or an employee do not act with due care in a specific circumstance.
What exactly does coverage mean? This type of policy covers your legal expenses including defense costs (lawyers, expert witnesses and more) as well as judgements and settlement awards.
Here are some examples where your coverage would likely apply:
- Someone walking up to your retail store in Edmonton slips and falls on the sidewalk. They get hurt and sue your business for neglecting to shovel the walkway properly, causing them a bodily injury.
- You’re working on a home renovation project and an employee accidentally damages your client’s expensive flooring. Your client sues you for negligence causing property damage to cover the costs of replacing it.
- A competitor sues you for harming their reputation after you give an interview to local media discussing a common problem in your industry.
There are many more scenarios where a commercial general liability insurance policy would help protect your Edmonton business.
Occurrence Commercial General Liability Insurance
Our Edmonton commercial general liability insurance is based on occurrence. This means that you’re covered for claims related to an incident during the insured policy period, even if the claim is made much later.
For example, let’s say someone slipped and fell on your premises. You hear nothing for months and have since retired and so no longer have insurance. That same person then sues you for negligence causing bodily injury. In this case, you’d be covered due to the occurrence basis of our commercial general liability insurance policy.
What isn’t covered by commercial general liability insurance in Edmonton?
Commercial general liability insurance is designed to protect Edmonton businesses from a specific risk: lawsuits relating to negligence causing property damage or injury to third parties. That means that anything outside of this specific risk is not covered. This includes:
- Injuries to employees
- Damage to property belonging to your business
- Intentionally caused damage or injuries
- Damage or injuries caused by criminal activities
- Damage or injuries caused while operating a vehicle
There may be other insurance products that can protect your business from the above risks, such as property and commercial vehicle insurance – it just won’t be covered by your Edmonton commercial general liability coverage.
What’s the difference between commercial general liability insurance and other types of insurance?
Commercial general liability insurance is designed to cover you if you’re sued for causing injury or property damage to a third party due to negligent acts. Other types of insurance will cover you for other risks, such as property damage to your company’s belongings, lawsuits holding you liable for financial loss due to your professional service or advice, accidents involving your commercial vehicles, and other risks.
How much commercial general liability insurance do I need in Edmonton?
How much commercial general liability insurance you need will depend on a few factors:
- Your annual revenue
- Your industry
- Your business operations
- The number of employees you have
- Where you operate
- The frequency and cost of lawsuits in your industry
At Bullfrog, we offer a few options for coverage:
- $2 million
- $3 million
- $4 million
- $5 million
The level of protection you choose will depend on your company’s risk and budget.
The Cost of Commercial General Liability Insurance in Edmonton
The cost of commercial general liability insurance in Edmonton starts at $500 or $1000, depending on the insurance company. Your costs may be higher as your business could have riskier operations or you opted for more coverage.
At Bullfrog, we get you commercial general liability insurance quotes for your Edmonton business from multiple insurers. This means you can compare rates from different insurance companies and choose the price and coverage that works for you and your business.
What affects commercial general liability insurance rates in Edmonton?
The following factors affect commercial general liability insurance rates in Edmonton:
- Where your company operates (I.e. within Alberta or across multiple provinces or internationally)
- The number of employees you have
- Your company’s annual revenue
- Your industry
- Your business operations
- Your insurance history
- Your insurance coverage options
Every insurance company calculates their rates differently. That’s why we work with many different insurers – this means you’ll get competitive rates while still getting get protection.
Get a commercial general liability insurance quote today or contact us for more info.
How to get it
Simply fill out our short online questionnaire and we instantly provide you with multiple online insurance quotes based on your needs. All coverage options are standardized between insurance companies so all you have to do is compare insurance quotes based on price!
Get a Quote NowWhy our customers love Bullfrog
Our customers love Bullfrog because we make insurance simple. Do it quickly online yourself or talk to one of our knowledgeable insurance brokers. We’re responsive and professional and our insurance coverage is quality and competitively priced.
Sev Michaels
White Lilac INC. / Alberta
Thank you so much for your assistance, you made the process so painless. I have contacted other brokers before and they made it so complicated. Also, you were far more efficient!
Stephen Hammond
Harassment Solutions INC / BC & AB
Due to a client’s request, and for the first time, I needed Commercial General Liability insurance, but I had no clue where to start. I Googled “CGL” and up came Bullfrog Insurance. Even though my needs were relatively small, due to the client needs, they had to be very specific. Every question I asked was answered by the Bullfrog insurance representative, Raman, who was very helpful. And then when I realized I needed more coverage, she didn’t flinch and let me know she’d get back to me right away. I got great coverage and all of it was done via email. Now I’ll know who to turn to for other small business insurance needs.