Commercial insurance
A commercial lines insurance policy protects businesses against a variety of risks. Types include:
General Liability Insurance: Legal fees and damages are covered by general liability insurance if your business is sued for bodily injury or property damage.
Property Insurance: Insurance for business property (buildings, equipment, inventory) against fire, theft, and natural disasters.
Workers' Compensation Insurance: Employees who are injured at work are covered by workers' compensation insurance.
Commercial Auto Insurance: Vehicles used for business purposes are covered by commercial auto insurance.
Professional Liability Insurance: The purpose of professional liability insurance is to protect against claims of negligence or malpractice.
Business Interruption Insurance: Loss of income due to business interruptions is covered by Business Interruption Insurance.
Cyber Liability Insurance: The purpose of cyber liability insurance is to protect against data breaches and cyber attacks.
8. Surety bond, one party (the surety) guarantees that a third party (the principal) will fulfill an obligation. Losses resulting from the principal's failure to meet his obligations are covered by the surety. Construction, licensing, and court settings often use it to ensure compliance and performance
9. Event Insurance: The purpose of event insurance is to protect you against the risks associated with organizing or participating in special events