Commercial insurance is a type of insurance that is designed to protect businesses from financial losses. There are many different commercial insurance types, each one serving a different purpose. In this blog post, we’ll discuss the different types of commercial insurance and explain what they cover.

General Liability Insurance

General liability insurance covers your business if you are sued for negligence. For example, say you own a restaurant and someone slips and falls on your property. If they sue you for negligence, your general liability insurance will cover the costs of their medical bills and any legal fees you incur.

Property Insurance

This type of insurance covers your business property in the event of damage or theft. For example, let’s say you own a retail store, and a storm damages your storefront. If you have property insurance from a reputable company such as Coastal Premier Insurance Group, it’ll cover the cost of repairs.

Commercial Auto Insurance

This type of insurance covers your business vehicles in the event of an accident. For example, let’s say you own a delivery company, and one of your drivers gets into an accident. Your commercial auto insurance will cover the cost of repairs to the vehicle, as well as any medical bills for the driver.

Workers’ Compensation Insurance

This type of insurance covers your employees if they’re injured on the job. For example, let’s say you own a construction company and one of your workers falls off a ladder and breaks their leg. Your workers’ compensation insurance will cover their medical bills and lost wages.

Professional Liability Insurance

This type of insurance covers your business if you are sued for professional negligence. For example, let’s say you own an accounting firm in Boca Raton, FL, and one of your clients accuses you of errors that cost them money. Your professional liability insurance will cover the costs of your legal defense.

Types of Commercial Insurance

These are just a few of the different types of commercial insurance. When choosing a policy, it’s essential to consider the needs of your business.

If you’re looking for a Boca Raton, FL, commercial insurance policy, Coastal Premier Insurance Group can help. We offer a variety of policies that can be customized to meet the needs of your business. Contact us today to get started.