(1) Accident Insurance
Accident insurance refers to the compensation protection provided by the insurance company to the insured for the injuries or deaths caused by sudden accidents.
(2) Medical Insurance
Medical insurance refers to the compensation coverage provided by the insurance company to the insured for medical expenses caused by illness or accident. Within the scope agreed upon in the insurance contract, reasonable medical expenses incurred in the hospital can be reimbursed after reimbursement by the medical insurance.
(3) Property Insurance
One of the most common types of commercial insurance is property insurance. Property insurance is the coverage provided by an insurance company to the insured to cover compensation for loss or destruction of property. This type of insurance can cover the protection of property such as buildings, equipment, inventory, machinery and equipment. Property insurance is an important part of commercial insurance, which can provide protection against unexpected losses that can adversely affect the economy of a business.
(4) Liability Insurance
Liability insurance refers to the insurance provided by the insurance company to the insured to compensate the third party for bodily injury or death, property damage or other losses. Liability insurance can be categorized into various types of insurance such as employer's liability insurance, product liability insurance, public **** liability insurance and professional liability insurance. Liability insurance protects businesses or individuals from losses due to their own liability and from financial losses due to their own mistakes.
(5) Credit Insurance
Credit insurance is provided by an insurance company to the insured to cover compensation for losses caused by a customer's failure to fulfill a contract or due to force majeure. This type of insurance can help businesses or individuals mitigate financial losses due to contractual default or force majeure factors. Credit insurance usually includes trade credit insurance, guarantee insurance and debt recovery insurance.
It should be noted that commercial insurance is not fixed, but selected and adjusted according to the actual needs and risks. Different businesses or individuals face different risks and therefore need to choose different types of insurance for protection. Businesses can use risk assessment to determine which types of commercial insurance they need to purchase, as well as the amount of insurance and the scope of coverage.