Commercial Insurance in Ohio

Running a business can be exciting, but it can also be risky. To protect your business and your investment, it is vital to make sure you have adequate insurance coverage. At Meiners Insurance, serving Ohio, we love to take the opportunity to teach you about your insurance needs. Let’s take a look at commercial insurance.

Commercial insurance is a type of insurance policy that protects a business and the business owners and employees. At Meiners Insurance in Avon Lake, OH, we know that every business is different, and that is why we will work hard with you as the business owner to customize a policy that will address your specific needs. Regardless of the many differences, each business may have, there are some common types of coverage that are usually defined under commercial insurance.

Who Needs Commercial Insurance?

Commercial insurance is necessary for any type of business owner who wishes to protect their property and investments. Running a business can put you at increased risk financially. Protecting yourself financially is a critical aspect of the long-term success of your business. Because commercial insurance can include many different types of coverage, it is vital that you know exactly what you are getting to make sure you have the coverage you want.

What Types of Coverage Are Available?

Commercial Liability - This type of coverage will protect you and your business if someone is injured on your property. This can help to cover legal costs and or medical costs as well. As a business owner, your chances of getting sued are increased, which is why this is always a good type of insurance coverage to carry. This can also cover injury or damage which takes place while you or an employee are working at another property, or if your products cause damage or injury.

Property Coverage - If you maintain a brick and mortar location, you will want property coverage to insure the property. In the event of a burglary, fire, or disaster, the policy will cover the value of the property and business owned valuables.

Workman’s Compensation Insurance - This is an important consideration and possibly a requirement depending on how many employees you have. This type of insurance will cover medical costs if your employee is injured while working for you. This is an essential type of coverage if an employee sues you for their injuries.

If you would like to learn more about commercial insurance, please call our friendly staff at Meiners Insurance, serving Ohio, today. Our agents in Avon Lake, OH will be happy to help.