Business insurance protects businesses from financial losses associated with unexpected events, such as property damage, lawsuits, loss of income, theft, employee injuries and illnesses, and workers' compensation. Some companies are required to purchase a certain amount of commercial insurance coverage and can then add any coverage they want beyond that amount. Standard homeowner policies don't usually cover home-based businesses, just as commercial property insurance covers businesses. A number of factors can influence the price of a commercial insurance policy, such as the number of employees you have, the location of your business, and the amount of coverage you want.
The price of a commercial insurance policy will depend on several factors related to your business and insurance coverage.