Consider the following statements regarding the Insurance sector in India:

I. Coverage for bodily injury and property damage incurred through ownership or operation of a vehicle is called Commercial Insurance.

II. The insurance of commercial property that protects the property from such perils as fire, theft, and natural disaster is called Industrial Insurance.

III. The insurance of human life values against the risks of death, injury, illness, or expenses incidental to the latter is called Personal Insurance.

Which of the above statements is/are correct?