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Choosing the right liability coverage for your business

Commercial general liability

Commercial general liability insurance offers coverage for losses that occur as a result of your business activities. It covers your business’ premises, operations, work and products. In the event of property damage or personal injury caused to another person, this insurance covers the financial consequences of legal action, based on the terms and conditions of your policy.

For example, if a client gets injured while visiting your storage site and sues your company, your liability insurance will cover expenses such as your client’s loss of income while they recover from the accident.

Directors and officers liability insurance

Do you have a small, medium or large business?Are you the director of a non-profit organization? All directors and officers are required to comply with the laws and regulations that apply to their business sector. For example, if they don’t fulfill a commitment to a client, whether through their actions or as a result of negligence, they could be held responsible for causing harm or damage to the client.

Liability insurance for directors and officers protects them and your business against fines and financial consequences of legal action or allegations.

Professional liability

Professional liability insurance covers any breach of duty, negligent conduct, error or omission committed by you or your employees while working. It protects you, your partners, shareholders, employees, interns, and volunteers by providing coverage for financial consequences you may incur if someone is injured, has their property damaged or suffers moral damage (e.g., psychological harassment) as a result of a work-related activity.

Liability insurance protects your business against financial risks associated with bodily injury or property damage caused to another person, and helps ensure that your business can continue to run smoothly.

Choosing the right liability coverage for your business

Liability insurance covers bodily injury and property damage caused to others. It is mandatory on automobile insurance policies and is usually included in property and business insurance policies. Learn more about the different kinds of liability insurance available for businesses.

Certain conditions, exclusions and limitations may apply. The terms and conditions of the coverages described are set out in the insurance policy, which always prevails. These tips are provided for information purposes only, are general in nature, and Desjardins Insurance cannot be held liable for them. We recommend using caution and consulting an expert for comprehensive, tailored advice.