As the name suggests, commercial insurance protects businesses, including business owners and their employees. Because every business is different, there is no one-size-fits-all insurance policy for small business owners.
For instance, an ice cream shop has very different insurance needs than an auto repair shop or a golf course. That’s why many small businesses opt for a business owners policy (BOP), which combines commercial property insurance, general liability insurance, crime insurance and other coverages into one convenient package.
Put quite simply, commercial insurance consists of one or more types of coverage designed to protect businesses, their owners and their employees.