What Is Commercial Insurance?
Commercial insurance, also known as business insurance, protects businesses from losses due to unexpected events during normal business operations, such as lawsuits, natural disasters, or accidents.
There are many types of commercial insurance for businesses, including coverage for property damage, legal liability, and employee-related risks, among others.
Companies evaluate their commercial insurance needs based on potential risks, which can vary depending on the type of business and its environment.
Learn about the types of business insurance and what they provide.
KEY TAKEAWAYS
Commercial insurance refers to insurance coverage intended for businesses instead of individuals.
Commercial insurance is also called business insurance.
Different types of commercial insurance products include general liability insurance, professional liability, property insurance, and home-based business insurance.
Product liability, vehicle insurance, and business interruption insurance are also types of commercial insurance.
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