Commercial insurance (commercial insurance) refers to a form of insurance that is operated through the conclusion of an insurance contract for the purpose of profit and is operated by specialized insurance companies.

Characteristics of commercial insurance:

1. The main business entity of commercial insurance is commercial insurance companies.

2. The insurance relationship reflected in commercial insurance is reflected in the insurance contract.

3. The objects of commercial insurance can be people and things (including tangible and intangible). The specific subjects are human life and body, property, and property-related interests, responsibilities, credit, etc.

4. The purpose of commercial insurance operations is to make profits, and to obtain maximum profits to ensure that the insured enjoys the greatest degree of economic security.

Commercial insurance is a business activity. Insurance operators are responsible for independent accounting, operating independently, and are responsible for their own profits and losses for the purpose of pursuing profits.

The coverage of commercial insurance is determined by the policy holder, the insured and the insurance company through negotiation. Under different insurance contracts and different types of insurance, the coverage and level of coverage received by the insured are different. The coverage of social insurance is generally stipulated in advance by the state. The scope of risk coverage is relatively narrow and the level of coverage is relatively low. This is determined by its social security nature.