Three business insurance

If you are a business owner, then you should know that there are three types of business insurances. These include commercial property insurance, general liability insurance, and professional liability insurance.

Let’s take a closer look at each one:

Commercial property insurance

Commercial property insurance protects your business’s assets against damage or loss. It covers your business’s assets against damage or loss due to theft, fire, flooding and other perils.

Commercial property insurance can be purchased through an insurance agent that sells commercial general liability (CGL) policies or through a broker who sells both CGL and umbrella coverage for particular industries.

General liability insurance

General liability insurance is designed to protect your business against claims for bodily injury, property damage and personal injury.

The most common types of general liability coverage include:

  • Comprehensive general liability (CGL) provides protection for you and any associates of the business who are performing duties within its scope of operations. This includes employees, contractors and subcontractors as well as third parties that may be injured during their work with your company. It also covers risks such as injuries from faulty equipment or products that are being used at work sites; vehicle accidents; slip-and-fall injuries caused by a defective stairway; premises liability cases involving malicious acts by third parties such as vandals on public landings/stairs or trespassers onto private property owned by others (such as home owners); toxic substances in manufacturing plants or workplaces causing sicknesses among employees who inhale fumes while working there; workers’ compensation claims resulting from negligence on behalf of employers when they fail to provide safe working conditions

Professional liability insurance:

Professional liability insurance, also known as errors and omissions (E&O) insurance, is a form of business insurance that protects against claims of negligence or malpractice. It covers any damages caused by the insured party’s actions and prevents them from being sued in court.

The main benefit to purchasing professional liability coverage is that it can help prevent costly lawsuits from making it through an appeals process. If you’re found liable for damages during an accident with another party, then you may be forced to pay out-of-pocket costs like medical bills and lost wages if your company doesn’t have sufficient coverage in place.

there are these three types of business insurances that you need to know about.

There are three types of business insurance you need to know about. Each one is designed for a different purpose and comes with its own unique features and benefits.

  • Commercial property insurance protects your assets, such as buildings and equipment, from damage or loss caused by fire or other natural disasters.
  • General liability insurance covers legal costs if someone causes bodily injury or death during an accident on your premises; it also protects you against lawsuits over events like accidents at work sites where employees were injured while performing their duties (or even when they weren’t). The coverage will generally be higher than standard liability policies because it includes additional coverages such as uninsured motorist protection if someone else is at fault in an accident on public roads (such as a pedestrian crossing) that causes property damage but no injuries.
  • Professional liability insurance covers legal fees related to claims made against professionals who provide services for clients under contract with them; this could include doctors who treat people injured in car accidents caused by uninsured drivers who haven’t been properly insured.


Now that you know what kind of business insurance you need, it’s time to get started. The good news is that this is an easy task, as there are many companies out there that can help you navigate the ins and outs of buying the right policy for your company. Just remember: it’s always a good idea to ask questions before signing any paperwork!

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