![]()
The Northeast Financial Group, LLC helps businesses in Connecticut obtain group commercial insurance. What exactly is commercial insurance and why do businesses need it?
What is Commercial Insurance?
Commercial Insurance is a contract between an insurer and a business owner whose purpose is to minimize the owner's risks against losses as a result of weather, theft, vandalism, lawsuits, accidents, or any other reason. If you operate any type of business, you're probably aware that a lawsuit resulting from a negligent act could be a financial detriment, depleting your operating funds and ability to run your business.
Daily interactions with customers make up a necessary and vital part of running a business. At the same time, businesses may assume a certain degree of risk when dealing with customers as well as suppliers and even competitors. Professional and commercial insurance plans protect businesses and professionals in cases where a customer files a claim for personal injury or damages.
What Businesses Need Commercial Insurance?
- Contractors
- Manufacturers
- Retailers
- Wholesalers
- Professional Offices
- Restaurants
- Garage & Repair Shops
- Delivery Services
- Day Cares
- Condominium/Homeowners Associations
- Marinas
- Boat Yards
- Farms

