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Get one online now for Auto, Home, Life or Travel insurance.įor Home and Auto insurance, start with a quick estimate online, then contact us for a comprehensive, no -obligation quote. Our experts will get back to you with the best general liability insurance quote available.Looking for an insurance quote in Canada? Fill out the form below and send it to us by clicking on the “submit form” button. It can be a daunting process to choose the best policy and the best quotes among the plethora of policy options available. If you are contemplating the idea of purchasing general liability insurance for your company, you must be aware of the coverage you will be getting and the rates you will be paying for said coverage. The drawback with the BOP is that there is limited coverage for liability insurance hence, most of the companies opt for independent general liability insurance.
A BOP combines property insurance and liability insurance into a single policy. This type of insurance policy can be either bought as a part of a Business Owners Policy or independently.
The organization may or may not be directly responsible for the damages inflicted upon the individual or the company who has filed the lawsuit through injury or property damage. General liability insurance comes in handy in such situations as it protects the assets of a company when it is facing a lawsuit for damages. These lawsuits not only become a financial burden for an organization but can also damage their reputation by bringing in a bad name for them.
The major reason why every company needs to purchase general liability insurance is that a small accident, in this modern corporate society, can result in potentially money-sapping lawsuits.
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