Definition: Commercial Insurance is a policy designed to protect businesses from loss exposures, in return for paying a premium to an insurance company.
Commercial or Business insurance is a way of insuring firms to minimize the risk of financial loss due to unpredictable events. To receive this provision, companies have to pay a premium that can be monthly, quarterly or annual.
More on insurance: Business Insurance, Business Interruption Insurance, Business Liability Insurance, Commercial Car Insurance, Commercial Property Insurance, more...
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