Understanding commercial insurance terms is crucial for grasping your coverage. Key terms include Business Income Coverage, which protects against income loss due to property damage; Business Property, covering items within your business; and Bodily Injury Liability, related to injuries from business vehicles. Other important terms are Commercial Crime Coverage, Employment Practice Liability, General Liability, and Professional Liability. For detailed explanations, consult your insurance broker, as they can provide tailored advice for your policy.
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