Commercial Insurance

Commercial insurance is an insurance specially meant for business owner- for protecting his business from any loss and damage due to unexpected circumstances. Finding best insurance company that best suited to our requirements is tedious job. Commercial insurance offers protection against theft, property damage and liability and also provide coverage for business disruption and employee injuries.
Types of Commercial Insurance: There are different types of commercial insurances provided by various companies like agriculture insurance, fire insurance, shop insurance, Commercial Auto Insurance, Commercial Property Insurance, Commercial Van Insurance, General Liability Insurance, Truck Insurance etc.

Commercial Insurance Premium: Nature of business, size of the organization, number of employees, the type of industry, the organization is a part of, annual turnover of business etc. are some factors which are to be kept in mind by the insurance comapny at the time of calculating the premium amount to be paid by the client.
Commercial Insurance Claim Procedure: The insurer needs to submit some original documents like Claim Form, List of things or items lost or damaged, Proof of ownership of business in the case of any financial or non financial loss. The surveyor calculates the approximate value of the loss so incurred. Based on the report submitted by the surveyor, insurance companies pay the amount of loss incurred. The claims are generally cleared within 7-21 days.
Commercial Insurance Companies:Insurance companies offering commercial insurance are Bajaj Allianz, ICICI Lombard, United India Insurance Co., The New India Assurance Company. Each company has its own terms and conditions.