Some insurance decisions come down to choosing between two options that sound alike. These pages set them side by side and explain how each works, what it is designed for and where they overlap. They explain concepts only. They do not compare insurers or prices, and a licensed broker is the right person to say which options fit your business and contracts.
Policies
- CGL vs umbrella: how primary general liability and umbrella liability work together.
- Personal vs commercial auto for plowing: why the way a truck is declared matters.
Limits
- Per occurrence vs aggregate limits: the two limits shown on many liability policies.
- $2 million vs $5 million liability: what changes when a contract asks for higher limits.
Background Reading
Before you dig in, it can help to read the glossary entries for per occurrence limit, aggregate limit and umbrella liability, and our blog post on why commercial clients ask for $5 million in liability. See all guides or go back to resources.
Further reading: Insurance Bureau of Canada: Types of business insurance coverage; Insurance Bureau of Canada: Types of auto coverage
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