Business insurance is a broad term that refers to a type of insurance coverage that is purchased by businesses rather than individuals. Professional Liability Insurance, Product Liability Insurance, Business Income/Interruption Insurance, Workers' Compensation Insurance, Cyber Security Insurance, and Commercial Auto Insurance are all options for business owners to consider.
Business insurance safeguards the financial interests of businesses and their owners. It protects business owners' financial interests from penalties imposed as a result of litigation brought against them, as well as the associated legal costs.
The cost of business insurance is typically influenced by a type of business, the company's perception of risk, and its location.
