Get DirectionsOwning any business comes with risk. Commercial insurance aims to mitigate as much of the risk as possible. This requires us to get to know our customers and their businesses to assess their risk levels. Our team at Meiners Insurance in Avon Lake, OH, has the experience you need to get a personalized commercial insurance policy that matches your business.
Commercial Liability Coverage
One of the most critical forms of commercial insurance that most businesses can benefit from is commercial liability coverage. The risk of being sued is extremely high. Over their lifetime, 90% of businesses will be sued. Every year, about one in three businesses will be the target of legal action. About 40% of those will be brought by employees or former employees. The cost of defending yourself can be very high, and having commercial liability is an absolute necessity to maintain the financial viability of your business.
Commercial Property Coverage
Commercial property coverage is a combination of the physical property where your business is located and the contents of the building. This makes it valuable coverage for both building owners and renters. It provides coverage for fire, theft, and vandalism, among other things. Different businesses will have different content that needs covering. A manufacturing business will have machines and tools, raw materials, and inventory. If you are an accountant, you will have office equipment, electronics, and records.
Workers’ Compensation Insurance
The state of Ohio mandates that all employers with one or more employees provide them with workers’ compensation coverage. This protects your employees, but it also protects you as the employer.
In Avon Lake, OH, our team at Meiners Insurance will work with you to ensure you get what you need and don’t pay for things you don’t need.
