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Insurance Definition: COMMERCIAL LINES

By Compuquotes Team on March 27th, 2008

COMMERCIAL LINES:

Definition:

  • Products designed for and bought by businesses. Among the major coverages are boiler and machinery, business interruption, commercial auto, comprehensive general liability, directors and officers liability, fire and allied lines, inland marine, medical malpractice liability, product liability, professional liability, surety and fidelity, and workers compensation. Most of these commercial coverages can be purchased separately except business interruption which must be added to a fire insurance (property) policy. (See Commercial multiple peril policy)

Information provided by Insurance Information Institute

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