Commercial Insurance
/kəˈmɜːrʃəl ɪnˈʃʊərəns/
Definitions
- (n.) A type of insurance coverage designed to protect businesses against losses from events such as property damage, liability, or business interruption.
The company purchased commercial insurance to safeguard against potential lawsuits and property damage.
Forms
- commercial insurance
Related terms
See also
Commentary
Commercial insurance policies often require careful tailoring to the specific risks faced by a business, highlighting the importance of precise policy language.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.