There are various types of business insurance policies, each designed to cover specific risks:
General Liability Insurance - Covers legal costs and damages from third-party claims of bodily injury or property damage. Property Insurance - Protects business property against risks like fire, theft, and natural disasters. Workers' Compensation Insurance - Provides medical benefits and wage replacement for employees injured during work. Professional Liability Insurance - Also known as Errors and Omissions (E&O) insurance, it covers claims of negligence or malpractice. Business Interruption Insurance - Compensates for lost income during periods when business operations are disrupted.