Types of commercial insurance
Types of commercial insurance Professional liability insurance Professional liability insurance, also known as a general corporate obligation, is very important because it can protect you if you file a lawsuit against a third party (someone outside your company). If you file a lawsuit, then this policy can help cover the cost of the court and any settlement or compensation. This can be helpful in covering the charged damages and interest for you and can help with your legal costs. Each of these policies can cover the liability fee within the policy limit: Workers pay compensation for insurance This commercial insurance can actually be compulsory for your small business. In most states, if you have some employees (between 3 and 5 where you live), you should have insurance compensation for workers. This coverage can cover medical care and may change the partial wages of an injured employee at work. If an employee dies as a result of a work injury, his family can be compensated. ...
