It’s a fact of life: businesses are sued. When they are, business insurance helps to protect the business and its owners from the fallout. Business insurance is a type of commercial insurance that provides coverage for events that could potentially damage a company financially.
This might include things like property damage, liability claims, or losses due to theft or natural disaster. In short, business insurance helps to protect the business from risks that could potentially cripple it.
There are a variety of policies available, each designed to protect your business in different ways. Here’s a quick overview of some common types of business insurance:
- Property insurance protects your physical property, such as your office or store, from damage or theft.
- Liability insurance protects you from third-party lawsuits if someone is injured on your property or as