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General Liability Insurance in St. John’s, Corner Brook, and throughout Newfoundland.
No matter the size and nature of your business, there are always uncertainties. We’ll work with you to determine your business risks and we’ll put together an insurance package that makes sense for your business.
As a business owner, every transaction you complete represents both a profit and a risk. Have you fully protected your business from the impact that a customer lawsuit can have? Only a precisely crafted liability insurance policy can shield your business from this expense and stress.
Liability insurance covers the costs of legal fees, including court costs and the resulting award, if any is made. Imagine the peace of mind you gain by not having to worry about the attorney costs as the liability case grinds on.
Worried about the cost? Don’t be. Liability insurance is customized for your business so you only pay to protect against the risks you face day-to-day in your business.
In today’s litigious world, your business faces more legal risks than ever. Even if the claim is unwarranted, the stress and the cost of the legal process can be enough to ruin some businesses.
Liability insurance is appropriate for any business to protect it from lawsuits. There are distinct types that you may need:
- Commercial General Liability – related to your business operations
- Professional Liability/Errors and Omissions – related to advice/consulting work you may do.
- Umbrella Liability – covers over all your liability policies to protect against larger awards.
Many businesses will never recover from an un-insured lawsuit. Make sure that you have the appropriate coverage in place to ensure that your business has the Liability Insurance that you need.
Here are two reasons to get started now!
- The longer you wait, the longer you have exposure and the greater risk you have that the terms of the insurance may change.
- Get a no-risk quote right away. Simply fill out this short form and we’ll get back to you within one day with a liability insurance policy that fits your business.
What Does General Liability Insurance Cover?
Commercial general liability (CGL) insurance protects your business against third-party claims for bodily injury and property damage. If a customer is injured at your business premises, if your work damages a client’s property, or if someone alleges that your business caused them personal injury through advertising, CGL covers your legal defence and any settlement up to your policy limit. A standard CGL policy includes premises and operations coverage, products and completed operations coverage (relevant for contractors and manufacturers), and personal and advertising injury coverage.
Who Needs General Liability Insurance in NL?
While no provincial law requires most businesses to carry CGL, many are effectively required to have it by contract, lease, or client requirements:
- Contractors and trades, many of whom must show proof of liability before starting a job.
- Retail and hospitality businesses with customers on-premises.
- Businesses leasing commercial space — most NL commercial leases require tenants to carry minimum CGL coverage.
- Businesses bidding on government contracts or large-scale projects, where proof of insurance is a standard requirement.
How Much Does General Liability Insurance Cost in NL?
Cost depends on your industry, annual revenue, number of employees, claims history, and the coverage limits you choose. A small office-based business with no customer foot traffic will pay significantly less than a contractor operating on job sites. At Wedgwood, we work with multiple commercial insurers and can compare options to find coverage that fits your business and budget.
General Liability vs. Professional Liability
General liability covers claims arising from physical injury, property damage, or personal injury caused by your business operations. Professional liability (errors and omissions insurance) covers claims that your advice or professional services caused a client financial harm. Many businesses need both, and they complement each other.
