Commercial Insurance Company
Definition - What does Commercial Insurance Company mean?
A commercial insurance company is a company that sells insurance to businesses for a profit. The coverage these companies offer is aimed at protecting against risks related to business operations.
Insuranceopedia explains Commercial Insurance Company
Businesses often need a wide variety of insurance coverage, including (but not limited to) product liability coverage, general liability coverage, auto coverage, employee dishonesty coverage, and commercial property coverage.
Businesses without adequate coverage are at risk of experiencing major losses that drain their resources and may cause the business to go bankrupt or cease its operations.