Business Liability Insurance Canada What Is The Minimum Amount Of Liability Insurance For A Business In B.C. Canada? Also, Is It Mandatory?

What is the minimum amount of Liability Insurance for a business in B.C. Canada? Also, is it Mandatory? - business liability insurance canada

What type of business you? In British Columbia, the liability insurance is required only written in the law, the vehicles and topónimo concentrated in certain circumstances, the new home warranty. In British Columbia, limited liability, the minimum requirements to be carried out on vehicles, is $ 1,000,000 for buses, taxis, limousines, commercial vehicles over 5000 kilograms total weight of the vehicles and commercial trailers. Other vehicles, the lower limit is $ 200,000, to be transported with the exception of vehicles carrying dangerous goods by $ 2000000.
On the commercial general liability, then there is no written law that states that a company must have insurance, there are many regulations, both state and private, to provide a state-owned enterprises must provide proof of liability insurance business. Some even suggest that the threshold should be undertaken. For example, if you are a tour operator and you want to stay in Pacific Rim National Park, Parks Canada and the State have $ 2,000,000 liability insurance that all tour operators do in general, and the evidence of them before band authorized to do so. You need to check with your clients / prospects before you get to and offers for third party liability insurance to get an idea of what limits should ask you get. BTW liability of at least one other insurer in British Columbia, $ 1,000,000.