There are several types of commercial insurance policies available, but the main categories are property insurance, liability insurance, and workers’ compensation insurance.
Property insurance provides coverage for damage to your business property, including buildings, equipment, and inventory. It can also include business interruption coverage to help compensate for lost income if your business is unable to operate due to property damage.
Liability insurance provides coverage for claims made against your business for bodily injury or property damage caused by your products or services. It can also include professional liability coverage for businesses that provide professional services, such as lawyers or consultants.
Workers’ compensation insurance provides coverage for employees who are injured or become ill on the job. It can help cover medical expenses, lost wages, and other costs associated with workplace injuries.