Who typically pays the premiums for a standard commercial policy?

The premiums for a standard commercial policy are usually paid by the policyholder. In this context, the policyholder refers to the individual or business entity that has taken out the insurance coverage to protect against potential risks and liabilities associated with their operations. By paying the premiums, the policyholder secures the insurance coverage, which provides financial protection in the event of a loss.

This arrangement is standard in the insurance industry, where policyholders bear the responsibility for maintaining their coverage by paying the required premiums. It ensures that they have access to the benefits of the policy, such as coverage for property damage, liability, and other business-related risks.

The other options do not accurately represent who is responsible for paying the premiums. For example, the insurance company does not pay the premiums; instead, it collects them in exchange for providing coverage. Similarly, the state insurance commission serves to regulate the insurance industry and does not involve itself in premium payments, while clients of a business typically do not pay the insurance premiums as this responsibility lies solely with the business owner or policyholder.