Who benefits from commercial insurance?
Any business owner benefits from commercial Insurance since it reduces risks that are encountered in day-to-day operations. You can insure your company's assets, real estate and the health of employees (by offering group health insurance).
If you are in a position that gives advice and writes or administers contracts or other binding business -- such as an attorney or property appraiser, you will benefit by including Errors and Omissions Insurance as part of your coverage.
If you are a physician, you will be able to insure your ability to diagnose and treat diseases and/or successfully perform surgeries by having Malpractice Insurance, which covers losses due to patient lawsuits.
Insurance companies use actuarial science to determine risk by studying statistics and history based on geographical area as well as who and what is being insured. Based on this information, we can predict the likelihood of future claims.
This is true for any insurance, but since commercial insurance usually deals in larger properties, the risks are even greater.
