Business insurance encompasses several core policy types designed to protect commercial operations from diverse operational and financial liabilities. The most common types include General Liability Insurance (CGL) to cover third-party bodily injury and property damage, Professional Liability Insurance (Errors and Omissions) for service mistakes, Commercial Property Insurance for physical assets and inventory, Workers' Compensation for employee job injuries, and Cyber Liability Insurance to manage data breach risks. Businesses often bundle these protections into a Business Owner's Policy (BOP) for streamlined coverage.
1 votes
Marked as accepted