Commercial Insurance (also called Business Insurance) is a type of insurance policy designed to protect businesses, their owners, and their employees. It provides coverage for various risks associated with operating a business, including property damage, liability, and employee-related risks. Commercial insurance can encompass a wide range of policies tailored to meet the specific needs of different types of businesses. Some common types of commercial insurance include:

1. Property Insurance: Covers damage to business property caused by events such as fire, theft, or natural disasters.
2. Liability Insurance: Protects businesses against claims of injury or property damage caused by the business’s operations, products, or services. This can include general liability, professional liability, and product liability insurance.
3. Workers’ Compensation Insurance: Provides benefits to employees who are injured or become ill as a result of their job. This can cover medical expenses, lost wages, and rehabilitation costs.
4. Commercial Auto Insurance: Covers vehicles used for business purposes, providing protection against accidents, theft, and other vehicle-related incidents.
5. Business Interruption Insurance: Compensates for lost income and operating expenses if a business is temporarily unable to operate due to a covered event, such as a natural disaster.
6. Cyber Insurance: Protects against risks associated with cyber attacks and data breaches, including costs related to data recovery, legal fees, and notification expenses.
7. Professional Liability Insurance: Also known as errors and omissions insurance, it protects professionals against claims of negligence or mistakes in their professional services.
8. Directors and Officers (D&O) Insurance: Covers the personal liabilities of a company’s directors and officers arising from their decisions and actions taken in their official capacity.

Commercial insurance is essential for businesses to manage risks and ensure financial stability in the face of unforeseen events. The specific coverage and policies needed will vary depending on the size, industry, and specific risks associated with the business.