People commonly ask, “What is commercial insurance coverage?” The answer to that is, like many industries, there are two parts to the insurance industry. One part of the insurance industry is focused on serving the needs of individuals, and this is most often referred to as B2C or “business to consumer.” But there is also a B2B side to the insurance industry, which is shorthand for “business to business.” This is when businesses provide services and products to other businesses. Commercial insurance in Peoria, AZ, is insurance coverage for businesses, and it is provided by the insurance businesses, which makes it part of the “B2B” sector.
What Commercial Insurance Covers
Keep in mind that commercial insurance coverage isn’t a product per se, rather, it’s a term used to define a specific set of insurance products that are designed to help businesses protect themselves from losses resulting from the risk of operating a business. For a complete list of commercial insurance products, it’s best to consult with your insurance agent directly, but here are some of the more popular commercial insurance products:
- Business Liability Insurance Products
- Commercial General Liability Insurance
- Commercial Property Insurance
- E&O / Professional Liability Insurance
