What Is Commercial Insurance? – Wall Street News
Commercial insurance. Commercial insurance differs than other insurances that you might possess, for instance homeowners insurance or car insurance. Learn more about commercial insurance is and what it covers.
Let’s begin by defining the definition of commercial insurance. Commercial insurance protects your business against financial losses resulted from specific circumstances. There are many policies available depending on what type of loss you face.
The following are some of the common forms of commercial insurance that could be needed.
Insurance for property. The type of commercial insurance covers events that could be destructive to your property like flood and fire. Workers’ compensation. The insurance protects your employees in the event of injuries while on the job. This insurance covers medical bills, pay while off work, and also protect the risk of being sued. It is possible to be sued over the omissions and errors. This provides extra security should there be a mishap. Cyber liability insurance. If you’ve got a problem with your computer it will be covered.
To find out more about commercial insurance, the different classifications of commercial insurance and what kinds of insurance your company requires take a look at the video below!
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