Business – or commercial – insurance provides coverage for businesses in the event of losses caused by weather, theft, vandalism, lawsuits, accidents, and other causes. Business owners can choose to insure their company’s assets, real estate, and the health of their employees (by offering group health insurance). Examples of types of commercial insurance are errors and omission insurance and malpractice insurance.
Commercial auto insurance provides coverage for the vehicles used by a company in carrying out business. Automobiles and trucks owned or leased by a business, as well as employee-owned vehicles used for business purposes, are covered under commercial auto insurance.