Commercial Insurance is insurance that protects businesses. It covers industries against losses arising from things like damage to property or injury to employees. It is 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. This is because a business typically has more risk, including its reputation, property, and finances. That's why it requires more substantial protection.
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