What is commercial risk insurance?

Commercial risk insurance allows investors and lenders to transfer business risk (such as specific losses, damages, illnesses, or death) to a third party in exchange for a premium. The main providers are insurance companies and public agencies. Business risks arise from the operations of for-profit and tax-exempt businesses or organizations (as opposed to the risks of individuals and households). Commercial insurance protects your business against the costs of liability lawsuits, property damage, and other risks.

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