Commercial insurance

Commercial insurance, also known as business insurance, is designed to protect businesses from various risks and unexpected events. This type of insurance can cover a wide range of incidents, including lawsuits, property damage, theft and employee injuries.

Here are some common types of commercial insurance:

1. General liability insurance covers legal fees and damages if your business is sued for causing injury or property damage.
2. Commercial property insurance protects your business property, such as buildings and equipment, from damage or loss due to covered events such as fire or theft.
3. Workers’ compensation insurance provides benefits to employees who get injured or sick from their job.
4. Commercial auto insurance covers vehicles used for business purposes in case of accidents.
5. Professional liability insurance, also known as errors and omissions insurance, protects businesses that provide professional services against claims of negligence or mistakes.
6. Surety bonds provide a financial guarantee that a business will fulfill its contractual obligations. These are often required for construction projects and other contractual agreements.

Each business has unique needs, so it’s important to assess your specific risks and choose the appropriate coverage.

When it comes to choosing insurance, most business owners want to know what insurance they need and how much it will cost. One of the biggest factors in determining what insurance coverage is needed depends on the business type. Other important considerations include:

• Location
• Number of employees
• Years in business
• Gross annual revenue
• Whether the business owns or rents vehicles
• Whether the business owns, leases or rents the building(s) they operate from

Start a quote today to see how much protecting your business could cost.

There are many types of business insurance. These vary based on the type of business, the type of coverage, level of coverage and other factors. Learn more about the types of business insurance.

You can get an online quote from Nationwide in just 10 minutes, then call 1-844-240-1194 to complete the purchase with a Nationwide agent. In some cases, you can even complete the purchase online. Also, you can set up a call with an independent agent to talk through the details of your business and any questions you might have. If you are seeking insurance solutions for a midsize or large business, ask your agent about Nationwide.

Simply put, Excess & Surplus Lines (E&S) is a specialty market that insures things that standard carriers won't cover. The difficult or high-risk exposures in which E&S carriers specialize may range from a mobile home or a day care center to a multinational oil company — and anything in between.

Specialty insurance is a type of solution for businesses or industries that have specific risks and often unique coverage needs that are not sufficiently covered by standard insurance policies.

Products include:

• Cyber and professional liability
• Programs
• Excess casualty
• Credit and political risk
• Surety bonds