Liability Insurance Nova Scotia & New Brunswick

Liability insurance covers damages to third parties. In other words, it covers damages to people who are not named on an insurance policy.

On the personal insurance side, people typically get liability coverage through their home and auto insurance policies. Imagine if you were sued for $1 million after an auto accident and your insurance only covered $500,000 in damages, it would be up to you pay the difference. This is where umbrella insurance kicks in. It is an extra layer of coverage that provides protection beyond what your home and auto insurance policies provide. Because of the increasing litigious nature of our society, it is becoming more common for individuals to have umbrella coverage.

For business owners, they should at least have a commercial general liability (CGL) policy to protect their employees and themselves. Commercial umbrella policies are an affordable way to increase your protection.

Liability insurance protects your assets, your savings and your personal possessions. These could all be at risk if you are not properly insured.

Don’t risk what you’ve worked hard to establish, purchase liability insurance through OTC Insurance Brokers Inc. Coverage is available for clients in Nova Scotia and New Brunswick.