Find an Independent Agent
Find an Insurance Company
What type of insurance do you need?
Get help from one of our Ohio independent agents
They understand your risks and will find you the coverage you need.
Last year small businesses in Ohio made $329.6 billion. Ohio businesses are booming, and the small business scene is only getting bigger. But if your small business experiences an unexpected lawsuit or property damage and you're caught without insurance, you'll have to pay for repairs and legal costs out of your pocket. That means your business’s revenue will suffer and your bottom line will be negatively affected.
40% of small businesses are likely to experience a property or general liability claim in the next 10 years. Here are some things these companies have been using their insurance on:
Ohio business insurance will pay for covered claims so your business doesn’t have to. It should give you 360 degrees of financial protection so you can rest assured knowing you're stable if a bad storm, criminal act or liability claim occurs.
Here’s what a standard business insurance policy should do:
Pay For Damage To Your Building
Pay For Damage To Your Business Property
Pay For Damage To Someone Else’s Property
Pay For Someone Else’s Medical Bills
Pay For Accidents in Company Vehicles
Pay For Employee Injuries & Compensation
A commercial insurance policy is required for any business with one or more employee in the state of Ohio. But if you're a sole proprietor, in a partnership or a family farm, it may be optional.
Additionally, businesses that have company-owned vehicles must carry commercial auto insurance. To learn more about coverage that you may be required to carry, talk to a local independent insurance agent.
It primarily depends on how risky your business is. The riskier your business is, the higher your insurance will be. Here are two examples.
Business insurance rates are calculated using a number of factors such as the risks to your business property, your liability coverage needs and the amount and types of coverage you want.
Policies can vary significantly by business industry, so it is best to talk with an experienced insurance agent when building a suitable and comprehensive policy for your business.
It’s usually wise to work with an independent agent in Ohio since they have access to multiple insurance companies. Sometimes its difficult to find an insurance company who will cover your business.
Number of businesses in the US: 27,626,360
Burglary rate per 1,000 residents in the US: 3.76
Auto theft rate per 1,000 vehicles in the US: 2.29
|City||No. businesses||Burglaries / 1,000 people||Auto thefts / 1,000 cars|