property owners, both those operating a business on their
property and those leasing property to another entity, may
purchase policies that protect the building and associated
structures. A property owner´s policy will not protect
tenants from loss. Business owners who lease their property
may buy policies that protect the building´s contents,
such as machinery, furniture and stored or displayed merchandise.
types of commercial property insurance policies protect
against different dangers, called "risks," "causes
of loss," or "perils."
companies are free to use their own policies. Policies must
contain reasonable coverages and meet all requirements set
out by law. Insurers´ ability to offer different commercial
policies allows them to tailor their products to fit the
needs of particular businesses. The availability of multiple
policies encourages a competitive market.
Insurance companies evaluate potential policyholders in
terms of the risk of loss that they pose. Businesses that
appear to be relatively high risks generally will pay more
for insurance coverage, and may have trouble obtaining coverage
from some companies. Businesses that appear to be relatively
low risks generally will pay less for insurance coverage
and find it easier to obtain.
a company’s future can be protected with a variety
of insurance coverages. From protecting business property
from damage or theft, to providing comprehensive health
coverage for the employees or finding the most cost-effective
liability insurance, General liability insurance is the
cornerstone of your insurance protection for your company
but liability insurance doesn't cover everything. Your agent
will help you customize your coverage to address any gaps
in your current policy, especially if the company risks
facing unique types of claims. The following are important
types of business insurance policies that you or your company
may need to provide as complete coverage as possible.
below are the different categories that fall under Commercial/Business
Surety & Crime