Business insurance is a type of insurance that protects companies and their owners from potential financial losses due to unexpected events such as accidents, natural disasters, lawsuits, and more. There are several types of business insurance policies available, each designed to provide coverage for specific risks.
Some common types of business insurance include liability insurance, which covers damages or injuries caused to third parties; property insurance, which covers damage to or loss of business property; and worker’s compensation insurance, which covers medical expenses and lost wages for employees injured on the job.