There are many types of commercial insurance available in Central Ohio, and it’s overwhelming to figure out what kind of coverage you need. But don’t worry- we’re here to help! Here’s a rundown of some of the most common types of commercial insurance policies:
Property Insurance
Do you have a physical location for your business? If so, you’ll need property insurance to protect your building and contents in case of damage or theft. This policy will also cover any loss of income if your business has to close temporarily due to damage to your property.
Liability Insurance
Liability insurance protects your business from lawsuits alleging that your business caused someone else bodily injury or property damage. If you’re found liable, your liability insurance will cover the cost of the damages and any legal fees.
Product Liability Insurance
If you sell products, you need product liability insurance to protect your business from lawsuits alleging that your products caused someone bodily injury or property damage. If you’re found liable, your product liability insurance will cover the cost of the damages and any legal fees. Your Insuran LLC agent can help you determine the right amount of coverage for your business.
Workers’ Compensation Insurance
If you have employees, you’re required by law to have workers’ compensation insurance. This type of policy covers medical expenses and lost wages for employees who are injured on the job.
Business Interruption Insurance
If your business has to close temporarily because of a covered event, business interruption insurance will reimburse you for lost income and other expenses, such as rent and employee salaries.
These are just a few of the many types of commercial insurance available in Central Ohio. Contact Insuran LLC to discuss your specific needs and get a tailored insurance policy that’s right for your business.
