What does my commercial insurance cover?
General liability: Covers your business property damage or bodily injury to others. Professional liability: Covers the services you provide in case you make an error and/or are sued. Business Owner’s Policy: Covers merchandise and equipment, plus bodily injury to others or property damage on your premises.
How does an insurance company help you?
In exchange for paying your premiums, you are covered from certain risks. The insurance company agrees to pay you for losses if they occur. You can buy many types of insurance, including auto, home, life, health, and disability insurance.
What can business insurance do to help a business?
Here are four reasons why insurance can help SME owners protect their brand/s.
- #1: It financially protects your business against natural disasters, criminal activity and more.
- #2: It makes your business more credible.
- #3: It supports your business continuity plan.
- #4: It can boost employee productivity.
What does commercial insurance payment mean?
Commercial health insurance is health insurance provided and administered by nongovernmental entities. It can cover medical expenses and disability income for the insured.
What is commercial insurance in simple words?
Commercial insurance is a type of business insurance that offers solutions for industrial sectors including but not limited to construction, manufacturing, telecom, textiles, logistics etc. These solutions aim to offer a safety net for business operations and assets when the need arises.
What are commercial insurance services?
Commercial business insurance is coverage for businesses and corporations, generally designed to cover the business, its employees and ownership. Since there are so many types of businesses with different needs and situations, commercial insurance can come in many shapes, sizes and colors.