Commercial insurance is a type of insurance that businesses purchase to protect themselves from financial losses. It can cover a wide range of events, such as property damage, liability claims, and employee injuries. Commercial insurance can also help businesses recover from interruption due to an event covered by the policy. For more information on commercial insurance in Rhode Island contact a trusted agent like Brook Insurance Associate LLC .
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There are many different types of commercial insurance coverage, and the best way to determine which one is right for your business is to speak with a commercial insurance agent. Some of the most common types of commercial insurance coverage include:
-Property Insurance: This type of insurance protects your business premises and contents in the event of damage or theft.
-Liability Insurance: This type of insurance protects your business from claims arising from injuries or property damage caused by your business operations.
-Business Interruption Insurance: This type of insurance covers lost income and expenses incurred if your business is forced to shut down due to a covered event such as a fire or natural disaster.
-Workers' Compensation Insurance: This type of insurance is required in most states and provides benefits to employees who are injured or become ill as a result of their job.
-Product Liability Insurance: This type of insurance protects your business from claims arising from injuries or property damage caused by a defective product.
