Business Insurance protects a company and/or business owner in the event of a formal lawsuit or other third-party claim. Coverage includes any financial liability incurred in addition to expenses related to the company’s legal defense.
The following are types of business insurance.
- Bodily Injury
- Property Damage
- Medical Expenses
- Cost of lawsuit
- Defected product that causes injury or bodily harm
- Malpractice, errors and negligence in the course of service to customers
- Property loss or damage due to fire, smoke, wind, hail storms, civil disobedience and vandalism
- Losses incurred in the course of conducting a home-based business