Commercial lines insurance is a type of insurance that protects businesses from financial losses that could occur during operations. It can cover a variety of risks, including accidents, lawsuits, natural disasters, and other perils that could result in property damage or bodily injury. Commercial lines insurance policies are tailored to the needs of each business and the type of business it covers. Commercial lines insurance includes commercial auto insurance, workers' compensation insurance, federal flood insurance, aircraft insurance, ocean marine insurance, and medical malpractice insurance
Personal lines insurance protects individuals and their families from financial losses due to unexpected events like death, injury, or property damage. It can cover incidents such as theft, lawsuits, floods, storms, tornados, and car accidents. Personal lines insurance makes it possible to do things such as driving a car and owning a home without risking financial ruin.
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