The Most Common Types of Commercial Insurance by Harry Kulakjian Unlike personal insurance policies, commercial policies typically have much higher limits and are tailored specifically to cover specific business risks. Common coverages include property, liability, and workers' compensation coverages. Harry Kulakjian Errors and Omissions (E&O) insurance provides extra coverage against claims related to employees working on your project, protecting you against lawsuits that could result from errors on their part. General Liability General liability (also referred to as commercial general insurance or CGL) is an essential business risk management tool that protects you against bodily injury and property damage caused by your operations. Harry Kulakjian sheds light on the idea that CGL typically covers third-party medical expenses as well as repair or replacement costs should any customer property be damaged by your products or services and also covers expenses related ...