Registered Insurance Brokers of Ontario (RIBO) Practice Exam

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What is a key benefit of the Commercial General Liability policy for contractors?

It covers only property damage
It provides coverage for personal injury claims
It is limited to workplace accidents
It is exclusive for self-employed individuals

The correct answer is: It provides coverage for personal injury claims

The key benefit of the Commercial General Liability (CGL) policy for contractors lies in its comprehensive coverage, particularly its provision for personal injury claims. Personal injury in this context not only encompasses physical harm to an individual, but also covers instances such as defamation, false arrest, or invasion of privacy that may arise during the course of business operations. This broad protection is crucial for contractors, as they often interact with the public and other businesses, thus exposing themselves to various liability risks beyond just property damage or workplace incidents. The CGL policy also protects against claims resulting from negligence, which can arise in various scenarios during project execution, making it a vital tool for managing potential legal and financial repercussions.