Commercial policies are insurance policies that are purchased by businesses to protect themselves from liability in case of accidents or injuries that occur on their premises or as a result of their operations. For example, if you slip and fall in a grocery store, the store's commercial policy would cover your medical expenses and any other damages you may have suffered as a result of the accident.
On the other hand, non-commercial policies are insurance policies that individuals purchase to protect themselves from liability in case of accidents or injuries that they may cause. For example, if you are driving your car and you accidentally hit someone, your non-commercial policy would cover the damages and medical expenses of the person you hit.
One of the main differences is who is covered under the policy. Commercial policies only cover the business and its employees, while non-commercial policies cover the individual who purchased the policy and anyone else who may be driving their vehicle at the time of the accident.
Another difference is the amount of coverage provided by the policy. Commercial policies tend to have higher limits of coverage than non-commercial policies, as businesses typically have more assets to protect. Non-commercial policies, on the other hand, may have lower limits of coverage depending on the individual's financial situation.
Finally, the process for filing a claim and receiving compensation may differ between commercial and non-commercial policies. With commercial policies, the injured party may need to go through the business's insurance company to file a claim and receive compensation. With non-commercial policies, the injured party would file a claim with their own insurance company.
In conclusion, understanding the differences between commercial policies and non-commercial policies is important when it comes to personal injury law. If you have been injured due to the negligence or intentional actions of another party, it's important to know which type of policy may be involved in your case and how it may affect your ability to receive compensation for your damages.
Think you might have an injury case? Call 844-227-9739 for a free consultation.
Jacob is a compassionate, no-nonsense personal injury attorney. Rest assured, he will fight for the best outcome possible for your injuries.
Dustin practices law for the individual because people need a strong voice in their corner.
Our firm provides its clients with knowledgeable, personalized representation in the following practice areas: Auto Accidents, Work Accidents, Dog Bites, Premises Liability (slip and fall cases), and more.
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