Commercial General Liability (CGL) insurance covers your business if a third party suffers bodily injury or property damage because of your business operations. For example, if a visitor is injured on your job site or you accidentally damage a customer's property while working, CGL insurance covers your legal defence costs, settlements, and court judgments up to your policy limit. CGL is one of the most essential types of business insurance for contractors and small businesses across Canada. 

Commercial property insurance covers the physical assets your business depends on, including tools, equipment, inventory, and your workspace, if they are damaged or lost due to fire, theft, vandalism, or certain weather events. For contractors and tradespeople in Ontario, Alberta, and British Columbia, this coverage is important for protecting the equipment and supplies needed to operate day to day. 

Tools and equipment insurance, also called contractor's equipment insurance, covers the cost to repair or replace your tools and equipment if they are stolen, lost, or damaged. Coverage applies whether your tools are on a job site, stored in your vehicle, or kept in a workshop or storage unit. This is separate from commercial auto insurance, which covers the vehicle itself but does not cover tools or equipment stored inside it. 

Professional liability insurance, also known as errors and omissions (E&O) insurance, covers claims that your work contained a mistake, an oversight, or a failure to deliver services as promised. Even if a claim is unfounded, legal defence costs can be significant. Contractors and tradespeople who provide design, consulting, or advisory services alongside their physical work are especially likely to benefit from this coverage. 

Business interruption insurance covers your lost income and ongoing expenses, such as rent or loan payments, if your business must temporarily close due to a covered event like a fire or major property damage. For small businesses and contractors in Canada, this coverage helps keep your finances stable during the time it takes to repair or rebuild. It fills a gap that commercial property insurance alone does not cover.