Types of Commercial Lines Insurance
Here are four main types of commercial lines insurance:
1.) Property Insurance
Property insurance covers the physical buildings and contents owned by your business. This includes things like your office space, furniture, computers, inventory, and more. Fire, theft, vandalism, or some other covered event can damage your property. Property insurance can help pay to repair or replace it.
2.) Liability Insurance
Your employees or your products or services can cause injuries or damages. Liability insurance protects your business from claims arising from such damages. If someone sues your business for damages, liability insurance can help pay for your legal defense and any resulting judgments or settlements.
3.) Worker’s Compensation Insurance
4.) Vehicle Insurance