Commercial insurance offers a variety of coverage options that can protect businesses and their employees. These options include property, liability, automobile, and workers' compensation insurance. Some commercial policies also offer supplemental coverage such as Umbrella Coverage or Errors and Omissions Insurance.
Property Insurance. This type of coverage protects businesses against losses caused by physical damage to property, including buildings, equipment, and inventory. Businesses may also be covered for damage to the environment caused by their operations. If you need more information about commercial insurance in Rhode Island you may visit https://ri-insurance.com/commercial-insurance/.
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Liability Insurance.This type of coverage helps protect businesses from lawsuits filed by individuals or companies who believe they have been wronged. Liability insurance can cover costs associated with defending a claim, such as attorneys' fees and damages awarded to the plaintiff.
Auto Insurance.This type of coverage protects businesses against financial losses caused by accidents involving their vehicles. Automobile insurance can provide coverage for vehicles owned or leased by the business, as well as those used by employees.
Workers' Compensation Insurance.This type of insurance provides financial protection for employees who are injured on the job. Workers' compensation policies typically cover medical expenses, lost income while unable to work, and funeral expenses if an employee dies in connection with his or her employment.