When it comes to commercial lines insurance, there are a lot of options out there. So, how do you know which one is right for your business? The answer depends on a number of factors, including the type of business you have, the location of your business, the number of employees you have, and more.
Types of Commercial Lines Insurance
Here are four main types of commercial lines insurance:
1.) Property Insurance
Property insurance covers the physical buildings and contents owned by your business. This includes things like your office space, furniture, computers, inventory, and more. If your property is damaged or destroyed by fire, theft, vandalism, or some other covered event, property insurance can help pay to repair or replace it.
2.) Liability Insurance
Liability insurance protects your business from claims arising from injuries or damage caused by your employees or your products or services. If someone sues your business for damages, liability insurance can help pay for your legal defense and any resulting judgments or settlements.
3.) Worker’s Compensation Insurance
Workers’ compensation insurance covers medical expenses and lost wages for employees who are injured on the job. In most states, employers are required to carry workers’ compensation insurance.
4.) Vehicle Insurance
