Every business needs to have insurance. There are many types of insurance products that a business will need. These include commercial property insurance, commercial vehicle insurance, workers compensation insurance, errors and omissions insurance and among others.
Insurance is meant to protect the business from liabilities that may arise during the day to day running of the business.
There are many insurance companies that offer all kinds of insurance policies for businesses, so when you need a policy, you need to carry out some background research on the company name, reputation, quality of products offered and many other things before you make your final decision.
This is a type of insurance that offers protection to businesses against lawsuits that may be filed by suppliers, employees, or customers.
The lawsuit can be due to injuries associated with a defective product, medical malpractice, slip and fall incident or errors & omissions committed by the business.
