While commercial insurance branches into numerous specialized lines, the two foundational categories dividing commercial portfolios are Liability Insurance and Property Insurance. Liability insurance protects a business against financial losses from third-party legal claims, lawsuits, and bodily injury or negligence allegations. Property insurance, conversely, safeguards the physical assets owned by the business, including commercial buildings, office equipment, inventory, and computers against fire, storms, or theft.
1 votes
Marked as accepted