Commercial insurance, also known as business insurance, protects businesses from losses due to unexpected events during normal business operations, such as lawsuits, natural disasters, or accidents. There are many types of commercial insurance for businesses, including coverage for property damage, legal ...
Commercial insurance protects businesses and their employees from financial loss in the event of a catastrophe that’s covered by the company’s insurance policy. Commercial insurance is a general term referring to a number of specific types of business insurance coverage that protect a company in t...
Commercial general liability (CGL) insurance is a type of policy that provides coverage to a business for bodily injury, personal injury, and property damage arising from the business’s operations, products, or injuries that occur on the business’s premises.1 Commercial general liability insurance...
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According to a survey byInsureon, the average annual cost for commercial general liability insurance is $741. To cut down on the cost of your commercial general liability policy, consider the following options: Bundle your insurance policies:A Business Owner’s Policy (BOP) packages common liabili...
Commercial property insurance is sometimes combined with the business'sinsurance as one policy. The limits on the joint policy are sometimes lower than the limits on a separate policy, so a business with a lot of expensive equipment might need a separate commercial property insurance policy. A bu...
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Steve Glass is a retired insurance professional with over 34 years of experience in the Property & Casualty insurance industry. Over the course of his career he led teams that handled Homeowners and Commercial property and casualty claims, Auto Medical claims, Auto Bodily Injury Claims, Catastrophe...
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Business owner’s policy: A business owner’s policy (BOP) is a small-business insurance package deal. The specifics vary based on your company’s needs and your insurance company’s offerings, but BOPs often include general liability insurance, commercial property insurance, business income insura...