6 Common Types Of Commercial Insurance

Insurance Blog

Purchasing insurance for your business is a crucial step in protecting your company's financial health. Many commercial insurance policies are available, each covering different risks. Choosing the right type of insurance for your business is essential in mitigating the economic impact of potential risks.

Here are six common types of commercial insurance:

1. Property Insurance

Property insurance protects your business against loss or damage to your business property. These properties include buildings, equipment, inventory, and furniture. In addition, property insurance can help you cover the cost of repairs or replacement if your property gets damaged or destroyed.

2. General Liability Insurance

General liability insurance protects your business from claims of negligence. These claims include property damage, personal injury, or advertising injury. In addition, if someone sues your business, general liability insurance helps you pay for medical expenses, legal fees, and settlements associated with a covered claim.

3. Business Interruption Insurance

Business interruption insurance can help you cover lost income costs if your business must close due to a covered event. This can include events like natural disasters, power outages, or fires. In addition, business interruption insurance can help your employees cover their rent and other expenses while your business remains closed. 

4. Commercial Auto Insurance

Commercial auto insurance covers the cost of damage to your business vehicles. This can include cars, trucks, vans, and other vehicles. In addition, commercial auto insurance helps you cover the cost of repairs or replacement if your vehicle gets damaged in an accident. The insurance also covers medical expenses for any injuries sustained in the accident.

5. Workers' Compensation Insurance

Workers' compensation insurance protects your business from the financial losses that can occur if an employee gets injured while working for your company. In addition, this type of insurance covers medical expenses and lost wages for the injured employee.

6. Product Liability Insurance

Product liability insurance protects your business from third-party claims of bodily injury or property damage caused by a defective product. In addition, this insurance can help you pay for legal fees, settlements, and judgments associated with a covered claim. This type of insurance is essential if you sell products to customers.


You can apply for many types of commercial insurance policies that protect your business from various risks. Therefore, it is essential to understand the different available types to choose the cover that best meets the needs of your business. If you need commercial insurance, visit a local commercial insurance agency to get it sorted out today.


29 June 2022

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