Commercial insurance - The best protection for entrepreneurs

As the name suggests, this is not an insurance for the individual, but for a whole company. The insurance, for example, comes into force when a claim occurs.

The commercial insurance is also known under the name of company insurance. It usually involves a variety of insurance policies bundled into a single package, with the amount of insurance depending on various factors. In any case is a commercial insurance obligationas soon as an entrepreneur becomes self-employed.

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The best commercial insurance in comparison

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Table of Contents

1. Why is a commercial insurance necessary?
2. What are the differences in commercial insurance?
3. Which commercial insurance needs which industry?
4. Advantages and disadvantages of commercial insurance

Why is a commercial insurance necessary?

Commercial insurance is not just a single insurance, it also includes a certain insurance package. While private health insurance is all about protecting the individual, commercial insurance is about protecting the business in the event of a claim and thus a negative financial impact. Usually these are damage caused by third parties or events.

In the event of damage, considerable costs can arise, which are generally unsustainable for a company and can lead to a financial fiasco. It does not matter whether it is craftsmen, entrepreneurs or freelancers, because each division carries a certain risk, which makes a business insurance all the more important. A commercial insurance occurs at:

Burglary, fire, storm, hail, tap water
personal injury
damage to property
financial losses

The insurance requirement is usually differentiated according to a modular principle. Basically, it depends on the industry, the number of employees and the inventory. In our Commercial insurance comparison you have the option of one cheap commercial insurance to find that covers everything and in case of damage is there for you.

What are the differences in commercial insurance?

As already mentioned in our commercial insurance comparison, the respective insurance depends on various factors. On the one hand, the company has to be protected from the claims of third parties and, on the other hand, it must pay for its own damage. There are a variety of commercial insurance, which are important for a company, no matter what size. This includes:

Which commercial insurance needs which industry?

Before concluding a commercial insurance, it should be inquired exactly what potential risks can arise. Often there is a practical business insurance package that needs to be checked to see if it really includes the insurance needed for the industry.

As there are different branches and fields of activity, there are logically also different commercial insurance companies. There are basically differences between:

Commercial insurance for freelancers
Commercial insurance in trade
Insurance for craftsmen
Commercial insurance catering

In any case, it is of enormous importance to take care of the corresponding insurance cover in order to be protected in the event of damage. Whether legal disputes, damage to the inventory or if a third party makes claims for liability, the right commercial insurance plays an important role. Our business insurance calculator helps you to find the right insurance for your company in the shortest possible time.

Conclusion on commercial insurance

For a company, there is nothing worse than damage caused by third parties or caused by natural forces. There are immense costs, which can lead to the company being financially ruined. The commercial insurance is an optimal help, because it ensures that the company can continue to exist.

Every company is individual and therefore requires a different commercial insurance. That is why it is important to find out in advance which commercial insurance is suitable for the individual occupations and fields of activity, for example a commercial insurance for small businesses. This should, however, also the respective risks are known, which brings the respective occupation with itself. After all, a commercial insurance is an absolute must for every self-employed person and therefore also for every company so as not to get into financial difficulties unintentionally.