Do I Need Commercial General Liability?

Do I need commercial general liability?
In Alberta, commercial general liability insurance is not required by law. However, this coverage may be required as part of a contract with your landlord or clients. This protection is also important if you can’t afford to pay for the costs of a lawsuit out of pocket.
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Commercial general liability (CGL) insurance is a form of policy that covers claims for third-party property damage and physical harm. You might be unsure whether you require CGL insurance if you own a business. The short answer is “yes” Any company, regardless of size, that wants to defend itself against legal action needs CGL insurance.

What is covered by public liability and product liability insurance?

Body injury and property damage claims resulting from your company’s operations or products are covered by public and products liability insurance (PPL), a type of insurance policy. PPL insurance covers losses brought on by your company’s activities, like slip-and-fall incidents, as well as losses brought on by your products, like injuries brought on by a defective product.

Is food poisoning covered by public liability insurance, taking this into account?

PPL insurance provides coverage for food poisoning. Customers have the right to sue you for damages if they become ill after eating food that you prepared and sold. PPL insurance will pay for the lawsuit’s associated costs and damages.

Are mobile kitchens a wise investment?

If you are passionate about both food and enterprise, purchasing food trucks may be a wise investment. Compared to a regular restaurant, the initial costs for a food truck are substantially lower, and you have the freedom to move your operation to other areas to appeal to a larger clientele. What type of food truck generates the most money is a further query.

Gourmet food trucks, dessert trucks, and fusion food trucks are a few of the food truck varieties that are known to bring in the most money. Dessert trucks have fewer costs and can sell their products at a bigger markup, whereas gourmet food trucks often charge more for their high-quality ingredients and distinctive recipes. Due to their inventive takes on classic meals, fusion food trucks are also very popular.

To sum up, CGL insurance is crucial for any company that wishes to safeguard itself against future legal action. PPL insurance protects lawsuits for physical harm and property damage brought about by your products or company practices, including food poisoning. If you love food and business, food trucks might be a wise investment. The most successful food trucks frequently provide gourmet, dessert, or fusion cuisine.

FAQ
What is the most popular food truck item?

The article “Do I Need Commercial General Liability?”

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