Commercial Insurance can be complicated but typically consists of three components: Liability coverage, Property coverage, and Workers Compensation.
Commercial General Liability is a coverage that almost every business needs, and it is generally a company’s first line of defense against liability arising out of its operations.
Commercial Property Insurance is a specific type of policy that provides coverage specifically to the physical property of the underlying business or corporation. That being said, commercial property insurance not only covers the tangible land where a business is built or operates on, but the capital equipment and the contents of the building owned by the underlying company.
Workers’ Compensation Insurance covers you for an employee’s on-the-job injuries. Businesses with employees are required by various state laws to carry some type of workers’ compensation insurance. In most cases, workers’ compensation laws prohibit the employee from bringing a negligence lawsuit against an employer for work-related injuries.
Protective Risk can help you determine the exact kinds of Commercial Insurance you need. Fill out our convenient online form to get a quote from us now.