What’s covered by commercial general liability insurance in Vancouver?
Commercial general liability insurance in Vancouver covers your business if you’re sued for causing bodily injury or property damage to a third party due to negligence. You’re covered whether the claims are true or not.
Bodily injury is any physical damage to an individual. Property damage is damage or loss of a third party’s property. A third party is anyone who is not employed by your business, including clients, vendors, service providers, and random passersby. Negligent acts are when due care is not given in a specific circumstance (yes, it is vague – that’s why this protection is important).
Vancouver commercial general liability insurance covers your legal expenses. This includes defense costs (for your lawyer, expert witnesses and more), as well as judgment awards and settlements. The latter two expenses can include paying medical bills, lost wages, the cost of replacing damaged property, and more.