Business insurance is a broad category that covers various types of coverage designed to protect businesses from risks
Depending on the size, industry, and specific needs of a company, the insurance required can vary. Here are some common types of business insurance: General Liability Insurance: Covers legal fees and compensation business insurance if a third party (like a customer or vendor) is injured or their property is damaged due to your business activities. Property Insurance: Protects your business’s physical assets, such as buildings, equipment, inventory, and furniture, from risks like fire, theft, and natural disasters. Workers' Compensation Insurance: Required in most places, this covers medical expenses and lost wages for employees who get injured or sick because of their job. Professional Liability Insurance (Errors & Omissions): Provides protection against lawsuits arising from professional mistakes or negligence, particularly relevant for service-based industries. Product Liability Insurance: If your business manufactures or sells products, this insurance can protect you if