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Depending on your industry and business operations, other types of business insurance coverage include commercial auto, directors and officers, employment practices liability, and medical ...
Commercial insurance for vehicles owned or operated by businesses functions quite similarly to private auto insurance, except that personal use of the vehicle is not covered. Commercial insurance pricing is also usually higher than private insurance, due to the expanded types of coverage offered for commercial users. [2]
On top of that, standard auto insurance doesn’t cover incidents that occur while using your vehicle for commercial purposes, so many gig workers must purchase a rideshare endorsement from their ...
A full-coverage auto insurance policy combines three key protections — liability, comprehensive and collision coverage — into one complete package. Additional add-ons can enhance your ...
Rather, most insurance companies offer package plans like a Business Owners Policy (BOP) which covers a variety of risks that face a typical small business. However, multiple-peril coverage is a broader, more inclusive term that includes coverage combinations like business automobile, which is a single category of coverage, but actually ...
In the United States insurance market this is known as Commercial General Liability (CGL). It is the "first line" of coverage that a business typically purchases, [ 1 ] and covers many of the common risks that can happen to any type of business, such as bodily injury or property damage on the business premises or due to the business operations ...
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