Commercial insurance rates are typically much higher than personal lines because businesses face significantly greater exposure to catastrophic financial liabilities, third-party lawsuits, property damage claims, and high daily mileage. Insurers must account for expensive commercial replacement parts, business interruption risks, and complex litigation costs if a corporate vehicle or workplace incident injures a member of the public. Inflationary pressures on repair labor and parts have also driven up commercial claim payouts across the entire industry.
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