Breeden Benefit Group - An independent insurance agency uniquely qualified to meet group & individual insurance needs. Located in Austin TX

Commercial Insurance

What Is Commercial Insurance?

Commercial insurance, also known as business insurance, protects businesses from losses due to unexpected events during normal operations, such as lawsuits, natural disasters, or accidents. There are many types of commercial insurance, including coverage for property damage, legal liability, and employee-related risks.

Companies evaluate their commercial insurance needs based on potential risks, which can vary depending on the type of business and its environment. Learn about the types of business insurance and what they provide.

Key Takeaways:

  • Commercial insurance refers to insurance coverage intended for businesses instead of individuals.
  • Business insurance covers losses related to unexpected events like lawsuits, accidents, or natural disasters, among others.
  • Different types of commercial insurance products include general liability insurance, professional liability, property insurance, and home-based business insurance.
  • Product liability, and business interruption insurance are also types of commercial insurance.

How Do You Get Commercial Insurance?

You can get commercial insurance through an insurance agency that provides the type of policy you need. You can work with an insurance agent at an insurance company who can give you a quote and guide you through your options and application process. You can often get a policy online or by calling the insurance agency.

The Bottom Line

Commercial insurance can be a valuable tool as it protects a business against potential losses related to unexpected events. When shopping for business insurance, explore several policy options and ensure you fully understand the terms. Consider consulting a professional financial advisor who can review the options of policy types that may best suit your business. Get in touch today to discuss your commercial insurance options »