How does commercial insurance affect discuss Occupational Injury and Disease? What is the difference between commercial...

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How does commercial insurance affect discuss Occupational Injuryand Disease? What is the difference between commercial and personalinsurance.

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How Does Commercial Insurance Affect AnsThe commercial insurance definition is simply insurance you buy that is designed to protect you from unforeseen circumstances that can affect your businessBut commercial insurance is a catchall phrase its an umbrella under which several different insurance policies can be found all offering varying degrees of protection for distinct business types The insurance can protect your properties income employees and even you from liabilityIf youre a company installing scaffolding on highrises for exterior maintenance youll need completely different coverage than say a doctor or even someone who paints interiors for a living As a business owner you know how important it is to protect your company with the right insurance coverages However the insurance industry is confusing and mysterious for many people One of the most asked questions is how an insurance company calculates a businesss insurance rates To clear things up here are some of the factors that can affect your companys insurance premiums Factors That Affect are 1Risk Certain industries are naturally higher risk than others For instance the risk of employee injury is exponentially higher at a construction company than it would be at a retail company Understandably the riskier your business is to insure the higher your insurance premiums will be On the plus side lower risk companies will experience lower rates 2Location The location of See Answer

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