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OVERVIEW: Commercial insurance policies cover businesses against property damage to buildings, business equipment, and inventory due to accidents, storms, and theft. Likewise, commercial insurance policies can cover businesses against liability for negligent acts of the business or its employees. It is highly recommended that you read your entire insurance policy including all terms, conditions, and exclusions so you can understand your insurance coverage before you have a loss. It is never a good idea to find out after the fact that you do not have insurance coverage for a particular loss because it is excluded in the insurance policy. If you should have any questions as to the obligations of the insurance company under an insurance policy or if insurance coverage has been denied, you should consult with a lawyer immediately.
Coverage disputes for business insurance can arise as to whether a particular act or an employee is a covered condition under the policy. For example, intentional acts by the business or its employees are almost always excluded from coverage. However, accidents or the unintentional acts of others are generally covered under insurance. As such, the determination of whether a particular event is covered requires a thorough reading of the insurance policy. Insurance coverage is obviously important to a business because without insurance the business is left exposed to liability for any accidents and losses for the damage to any property.
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