Business

Workers’ compensation insurance, commonly known as “workers’ comp,” is a government-mandated program that provides benefits to workers who become injured or ill on the job or as a direct result of their work

D&O insurance, or Directors and Officers liability insurance, safeguards a company's directors and officers from financial loss if they are sued for their job-related actions. It covers legal fees, settlements, and damages incurred during a lawsuit. D&O insurance can cover the defense costs, settlement costs, and damages if the director or officer is found liable. However, it typically excludes coverage for fraud or criminal offenses. D&O insurance is crucial for protecting the company's assets and reputation.

Commercial property insurance safeguards businesses from financial losses resulting from property damage or destruction, covering building, equipment, inventory, and income loss due to business interruption, enabling financial recovery in case of covered events.

Commercial liability insurance protects businesses from financial losses from lawsuits involving injuries or property damage. It covers bodily injury, property damage, and lawsuit defense. If a customer gets hurt at a store or product, insurance covers medical expenses and legal fees. If a business accidentally damages a client's property, insurance covers repair or replacement costs. Despite frivolous lawsuits, commercial liability insurance helps cover legal fees.