Liability Insurance
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 from our agency is customized for your business so you only pay to protect against the real risks you face day-to-day in your business.
In today's litigious world, your business is in constant risk of a lawsuit. Even if the claim is unwarranted, the stress and the cost of the legal process can be enough to ruin some businesses.
They (Colley Insurance) have been able to effectively meet our ever changing requirements, due to our rapid growth, in a professional manner
Over the last two decades, Colley Insurance has provided Knar Jewellery with unparalleled service and support.
General Liability insurance is appropriate for any business to protect it from lawsuits. There are four distinct types that you may need:
- Personal Liability
- Business Liability
- Professional Liability
- Public Liability
You may even want to consider an umbrella liability insurance policy to protect your personal assets from a business lawsuit.
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.
The more your assets grow, the higher your liability risks are. No matter how well you’ve covered your bases, sometimes things go wrong. A car accident. A guest who slips and falls on your property. A lawsuit. If you don’t have the right coverage, an unfortunate situation can compromise your financial security and put your personal assets at risk.
An excess policy responds when the underlying liability limits of your other policies, such as home and auto, aren’t enough to cover the unexpected costs of a lawsuit or accident.
It is important to note that most Canadian insurance policies carry on average $1,000,000 of liability coverage. This limit can quickly become quickly exhausted and is very frequently limited to North America. The Group Personal Excess policy provided by Chubb Insurance provides up to $5M of worldwide coverage which extends to all dependent member of your house hold and also provides coverage for foreign owned assets.*
* Territorial restrictions apply: Sudan, North Korea, Iran, Cuba, Syria
Personal Liability (Homeowners) for bodily injury and property damage in the minimum amount of $1,000,000 per each occurrence.
Registered and unregistered vehicles in the minimum amount of $1,000,000/$1,000,000 bodily injury and $1,000,000 property damage; or $1,000,000 single limit per each occurrence. Registered vehicles include motorcycles and motorhomes.
Uninsured and underinsured motorist protection in the minimum amounts of $1,000,000 per each occurrence. This requirement does not apply to the provinces of Quebec or Manitoba.
Watercraft less than 8 metres (26feet) and 50 engine rated horsepower or less for bodily injury and property damage in the minimum amount of $100,000 per each occurrence.
Watercraft 8 metres (26 feet) or longer or more than 50 engine rate horsepower for bodily injury and property damage in the minimum amount of $500,000 per each occurrence.
*The above liability limits must be in USD if the asset is located in the United States.
Each participant is covered for a $5 million limit of liability, and there is no annual aggregate on the policy.
Your Chubb Group personal Excess Liability coverage provides worldwide automobile rental coverage (subject to a few territorial restrictions), for up to 60 days. You can rent a car while on vacation and have coverage for personal injury and property damage without buying the additional insurance.
Yes. At the time of writing this (November 1, 2017) you would not be covered in Iran, North Korea, Syria, Cuba and Sudan. Please check with us for any changes to these territorial restrictions.
What do I do if there is an accident?
Please contact Colley Insurance at 1-888-824-0445 as soon as possible, so we can help you through the claim process.
Need any help!
Office: 519-824-4040
Toll-Free: 888-824-0445
Fax: 519-763-6839
customerservice@tgcolley.com
1 - 34 Harvard Road Guelph,
ON N1G 4V8
We would recommend Colley Insurance to any organization without hesitation