Coverage Rating of different commercial lines

Question

Accepted Answer

Coverage rating varies for different commercial lines based on risk factors and claims history.

Commercial property insurance typically covers damage to buildings and contents caused by fire, theft, and natural disasters.
General liability insurance covers bodily injury, property damage, and personal injury claims against the business.
Professional liability insurance protects against claims of negligence, errors, and omissions in professional services.
Workers' compensation insurance covers medical expenses and lost wages for employees injured on the job.
Commercial auto insurance covers liability and physical damage for vehicles used for business purposes.
Umbrella insurance provides additional liability coverage beyond the limits of other policies.
Coverage rating is determined by factors such as industry, location, size of business, and claims history.

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