Types of Commercial Insurance
- Commercial property
- Business owners’ insurance
- Commercial umbrella
- Commercial liability
- Workers’ compensation
- Business auto and garage coverage
- Commercial inland marine
Business insurance is a comprehensive safeguard for companies, offering protection against a variety of risks that could impact operations. This type of insurance typically includes coverage for property damage, liability, and employee-related risks. Policies can be tailored to specific industries and may cover everything from general liability and commercial property to business interruption, which compensates for lost income during unforeseen disruptions. Business insurance can also include workers' compensation, protecting employees in case of workplace injuries, and professional liability insurance, which covers legal fees and damages related to professional services. By providing financial security and peace of mind, business insurance is essential for maintaining stability and supporting long-term growth.