Commercial Insurance is insurance that protects businesses. It covers businesses against losses, arising from things like damage to property or injury to employees, and is a term commonly used to label core business insurance covers like public liability and employers' liability.
Generally, commercial insurance protects a business from standard risks, or liabilities, including:
COMMERCIAL INSURANCE DIFFER FROM PERSONAL INSURANCE.
Commercial insurance covers entire groups of people, including stakeholders and employees at a business. It also protects the company itself and its property. Personal insurance covers a single individual.
Additionally, commercial insurance provides higher coverage limits than personal insurance. A business typically has more at risk, including its reputation, property, and finances. That's why it requires more substantial protection.