commercial insurance
Enterprise risk protection
Commercial insurance is coverage purchased by businesses rather than individuals, protecting against risks like property damage, liability claims, and business interruption.
It encompasses many specialized types: general liability, professional liability, workers' compensation, and others.
The landlord required tenants to carry commercial insurance.
Distinguished from personal insurance, which covers individuals and families.
- deductibleOut-of-pocket threshold amount
- premiumAdded cost for better
- claimStatement of ownership or truth
- claims adjusterInsurance payout determiner
- business interruptionForced cessation of commerce
risk assessment · risk pool · surety · agent · loss prevention · fleet · endorsements · renewal terms · fine print · umbrella policy · fraud detection · general liability · errors and omissions · contingency planning · underwriting · coverage limit · quote · actuary
- insurancecoverage, underwriting, premium, claims, insurer
- liability insuranceliability coverage, general liability, personal liability, professional liability, public liability
commercial insurancehomeowners insurance
Policy protecting residential property
life insurance · private insurance · auto insurance · family coverage · health insurance
commercial insurancepublic insurance
Government-provided risk protection
social insurance · Medicare · Medicaid · Social Security · national health insurance