Commercial Insurance 101 – An Introduction

In the business realm, managing risk is a primary concern. Whether you run a small entrepreneurial startup or a large existing corporation, unexpected events can interrupt operations and threaten financial stability. According to the Bachmann Insurance Agency in Flushing, MI, commercial insurance is a critical device to assist businesses in protecting themselves against various risks.

What is Commercial Insurance?

Commercial insurance is a specific type of coverage between an insurance company and a business owner. It offers a variety of benefits in exchange for an agreed-upon premium. In other words, commercial insurance serves as the business’s safety net should an unforeseen incident cause a financial disruption or catastrophe.

Note that certain jurisdictions set forth legal insurance requirements specifically for a business’s operation.

Commercial Insurance Types

The most common insurance types include-


This protects your business assets, inventory, and property from unexpected incidents like fire, theft, vandalism, and natural disasters.


This protects the insured by paying legal expenses and damages should the business be found to be responsible for property damage, bodily injury, or negligence. Specific liability insurance includes-

  • General Liability
  • Professional Liability and Errors/Omissions
  • Product Liability

Commercial Auto

This covers business vehicles, including damages and liability for accidents and physical damage.

Workers’ Compensation

The provides specific benefits (i.e., medical expenses and lost wages, etc.) to employees and reduces the chances of employee lawsuits.

Additionally, businesses may purchase interruption or cyber insurance to protect their business.

We Are Here To Help

Commercial insurance is a critical component of any successful business strategy. By working with an insurance professional at Bachmann Insurance Agency in Flushing, MI, you move confidently forward, ready for unforeseen business challenges. Reach out to us today!