Insurance

Commercial lines

Businesses often purchase specific products to protect their operations. These products include boiler and machinery coverage, which protects against damage to equipment, and business interruption coverage, which compensates for lost income due to a covered event. Other important coverages include commercial auto, general liability, directors and officers liability, fire and allied lines, inland marine, medical malpractice liability, product liability, professional liability, surety and fidelity, and workers compensation. While most of these coverages can be purchased separately, business interruption coverage must be added to a fire insurance policy.

Related terms

AD&D

Understand the meaning and definition of AD&D in the context of stock market, trading, and investments.

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Lack of privity

Understand the meaning and definition of Lack of privity in the context of stock market, trading, and investments.

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Implied warranties

Understand the meaning and definition of Implied warranties in the context of stock market, trading, and investments.

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Fire

Understand the meaning and definition of Fire in the context of stock market, trading, and investments.

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Express warranty

Understand the meaning and definition of Express warranty in the context of stock market, trading, and investments.

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Graded Premium Policy

Understand the meaning and definition of Graded Premium Policy in the context of stock market, trading, and investments.

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