Commercial insurance is coverage for business risks, including property damage, liability, workers’ compensation, and business interruption exposures. It is often arranged as a program of multiple policies managed under one commercial account.
What is covered
Common lines include property, casualty, crime, and specialty coverages for revenue or supply chain risk. Coverage terms usually address limits, deductibles, and shared responsibilities for each line.
Underwriting and pricing
Underwriters evaluate location, class codes, payroll, claims history, and controls before pricing. Frequent losses and weak controls increase premium or lead to policy modifications.
Claims and continuity
Claim handling quality is a major retention factor because unresolved claims can disrupt operations and underwriting renewal terms. Many carriers include risk-engineering recommendations in the same commercial cycle.