What Is Commercial Lines Insurance?

commercial lines insurance

Insurance policies either involve personal lines or commercial lines. These terms are well known to those in the insurance industry, but most people who obtain insurance don’t speak about their policies with that terminology. Simply put, commercial lines are insurance products specifically for businesses rather than individuals or personal property. Commercial lines insurance programs are incredibly important for a business to operate successfully and with confidence.

Common Types of Commercial Lines Insurance

Commercial lines vary from industry to industry as different kinds of businesses face unique risks. However, there are a few categories that span across most, if not all, industries.

  • Worker’s compensation
  • Commercial auto insurance
  • Shipping insurance
  • Fire and flood insurance
  • Professional liability insurance

There are also commercial lines that are well known even though they are specific to a certain industry. One common example that most people are familiar with is medical malpractice insurance.

No matter what kind of business you are in, a commercial lines insurance program is a critical part of ensuring the growth and sustainability of your company. With the help of experts in the insurance field, you can secure a policy that carefully considers the risks you face and makes sure they are covered. With a thoughtful policy put together by professionals, you can lead your organization forward.