What does 'commercial insurance' provide coverage for?

Commercial insurance is designed to protect businesses from a wide range of risks that can arise during their operations. This type of insurance offers coverage for various potential liabilities, property damage, legal claims, and other financial losses that a business may face as part of its daily activities. For instance, it can cover everything from general liability, property insurance, business interruption insurance, workers' compensation, and specialized policies tailored for specific industries.

This type of insurance is critical for businesses as it provides them with the financial safety net needed to continue operations despite unexpected events such as lawsuits, natural disasters, or accidents. Businesses typically require more comprehensive coverage compared to personal policies, as the scale of operations and associated risks can be much more significant. Thus, commercial insurance plays an essential role in ensuring the longevity and stability of businesses in various sectors.