Commercial Insurance
Commercial Insurance
Commercial insurance is a type of coverage designed to protect businesses and organizations from financial losses due to a variety of risks. This insurance is essential for safeguarding businesses, whether they are small enterprises or large corporations, against potential liabilities and unexpected events. Here’s an overview of key aspects related to commercial insurance:
Types of Commercial Insurance:
Commercial Property Insurance:
- Coverage: Protects physical assets such as buildings, equipment, inventory, and furnishings against risks like fire, theft, vandalism, or natural disasters.
Commercial General Liability (CGL) Insurance:
- Coverage: Provides protection against claims for bodily injury or property damage caused to third parties on the business premises or due to business operations.
Commercial Auto Insurance:
- Coverage: Covers vehicles used for business purposes against accidents, damage, and liability for bodily injury or property damage.
Business Interruption Insurance:
- Coverage: Compensates for lost income and helps cover operating expenses when a covered event, such as a fire or natural disaster, disrupts business operations.