Our agents at the Capretta Insurance Agency serving the Parma, OH area want your business, which is your livelihood, to be adequately protected through a proper commercial insurance policy. You may be wondering, though, if you need commercial insurance for your Ohio business. Read on for more information.
Commercial Insurance Requirements in Ohio
There are two different types of commercial insurance policies that are required under Ohio State law. One of those is commercial auto liability insurance. If you use personal vehicles for business purposes or your business-owned vehicles, you will need to have a minimum amount of liability insurance on each one of those vehicles. This will help pay for any injuries or damage you or one of your employees may cause if an accident occurs while you are out and about.
The other type of commercial insurance that is required under Ohio law for business owners to have in place is a workers’ compensation policy. This type of policy will help pay the wages and medical bills of any employees who are injured while working on the job.
Other Commercial Insurance Options
There are several other commercial insurance options that you can choose from to protect your business.
Commercial General Liability Insurance
You will be very glad to have a commercial general liability insurance policy in place if a customer is injured while visiting your business. This type of policy can cover the person’s medical bills and even litigation for you if you have to deal with a lawsuit. This type of policy also helps pay for any property damage that is caused by your business.
Commercial Property Insurance
Commercial property insurance is another important piece of a commercial insurance policy that you should consider. This is because it will help protect your inventory and build back your business if a fire, an act of vandalism, or a natural disaster occurs. This can also help you replace inventory that is lost due to theft.
Consult With Us
To get your commercial insurance policy in place as soon as possible, contact our agents at the Capretta Insurance Agency serving the Parma, OH area today!
