Property insurance covers physical assets such as buildings, equipment, furniture, and inventory against risks like fire, theft, vandalism, and natural disasters. This type of insurance ensures that businesses can recover financially after property damage or loss.
Liability insurance provides protection against claims arising from injuries, property damage, or negligence. This includes general liability, professional liability (errors and omissions insurance), and product liability, ensuring businesses are protected from lawsuits and compensation claims.
Business interruption insurance covers lost income and operational expenses in case a business is unable to operate due to unforeseen circumstances such as fire, natural disasters, or forced closures. This helps businesses maintain cash flow and recover quickly from setbacks.
Workers' compensation insurance provides financial coverage for employees who suffer job-related injuries or illnesses. It covers medical expenses, rehabilitation costs, and lost wages, ensuring businesses comply with labor laws and employee welfare standards.
Commercial crime insurance protects businesses from financial losses due to fraud, embezzlement, employee theft, forgery, and other dishonest acts. It is crucial for businesses handling cash, financial transactions, and sensitive assets.
