The three most fundamental types of business insurance core to commercial operations are General Liability Insurance (or Public Liability), Professional Indemnity Insurance, and Property Insurance. Public liability covers third-party bodily injury and property damage claims arising from business operations. Professional indemnity protects against financial losses claimed by clients due to professional errors, negligence, or bad advice. Property insurance safeguards physical assets, including buildings, inventory, office furniture, and equipment against fire, theft, or natural disasters.
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