Commercial Insurance Company
Updated: 21 October 2024
What Does Commercial Insurance Company Mean?
A commercial insurance company is an organization that sells insurance to businesses for profit. The coverage offered by these companies is designed to protect against risks associated with business operations.
Insuranceopedia Explains Commercial Insurance Company
Businesses often require a wide range of insurance coverage, including (but not limited to) product liability coverage, general liability coverage, auto coverage, employee dishonesty coverage, and commercial property coverage.
Without adequate coverage, businesses risk experiencing significant losses that can deplete their resources and potentially lead to bankruptcy or the cessation of operations.
