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When searching for commercial insurance, it is important to be aware of what exactly you are looking to insure against. The three types of commercial insurance consist of property insurance, liability insurance, and workers compensation. Commercial insurance is usually purchased by business owners looking to insure themselves against liability. Property insurance protects against damage to utilities and guards against accidental damages and damages to business or personal property. Liability insurance protects against property damage or injury that you have caused, whether it be through errors and omissions, meaning that your negligence caused injury to a third party. In this case, your protection is not always guaranteed, depending on the type of injury caused and whether it was caused accidentally. Also included under liability insurance is malpractice insurance, to guard against death or dismemberment, automobile insurance to protect the drivers in car accidents. Workers compensation insurance is purchased by business owner to protect in the case of an employee's on-the-job injury.
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