Business insurance protects companies from financial losses due to operational disruptions, legal claims, and other unforeseen events. There are different types of business insurance.
- Example:
General Liability Insurance: Covers legal fees and damages if someone is injured on your business premises or if your business causes property damage. For instance, if a customer slips on a wet floor in your store, general liability insurance would cover the legal and medical costs.- Property Insurance: Covers damage to your business property, including buildings, equipment, and inventory, caused by fire, theft, or other disasters.
Business Insurance