Commercial general liability cover is on an ‘occurrence’ basis.
Covers your legal liability for bodily injury to a Third Party (other than an employee) or property damage to property of others caused by an occurrence that must take place in the coverage territory and occur within the policy period.
Covers your legal liability for personal injury (other than bodily injury) due to a legal obligation arising out or an offense to which this insurance applies. The offence must take place in the coverage territory and occur within the policy period.
Key additional coverages (as outlined in the policy):
- Medical payments – $2,500 each person/ $25,000 each occurrence
- Tenants’ legal liability (all risk) – $250,000 any one Location
- Non owned automobile
- Contingent liability
- Cross liability
- Broad form liability
- Contractual liability
- Employers liability coverage
- Employees covered as ‘additional insureds’
- Worldwide territory subject to suits in Canada
Office contents* – optional
Covers your office contents including equipment, tools and tenant’s improvements on an all risk basis (excluding flood and earthquake) for direct physical loss or damage.
Principal extensions under this section include:
- Replacement cost – the cost of repair or replacement, whichever is less
- Territory – Canada and USA
- Theft damage to building(s) up to 10% of the sum insured
- Currency, money, cheques and stamps up to $2,500 may apply
- Personal property up to 10% of the sum insured
- Extra expense up to 10% of the sum insured
- Property away from premises up to 10% of the sum insured
- Valuable papers and records up to 10% on any one occurrence may apply
- Earthquake coverage included
- Flood coverage included
- Sewer backup coverage included
Business interruption* – optional
Only available with Office contents:
- (a) Loss of Income – actual loss sustained
- (b) Extra expense
All insuring clauses:
- Nuclear Energy Liability
- Fungi and fungal derivatives
- Damage to your property
- Rendering of or alleged failure to render any professional service by or on behalf of the insured
- Mechanical breakdown
*Minimum retained premium 100%.