Commercial Insurance in Ohio

A small business is the type of company with fewer than 500 employees. It still plays a vital role in Ohio's economy. Currently, there are almost 1 million small businesses in Ohio that provide over 48% of all private-sector jobs. Therefore, all small businesses need proper protection. The best way to protect a business is to purchase commercial insurance. If you are a business owner from the Buckeye state, Capretta Insurance Agency, serving Parma, OH, has prepared the list of things you should know about this type of insurance:

• Standard commercial insurance covers the following: bodily injury (damage to another person at the place of business or injuries caused by an employee at a client's workplace or home), property damage (damage caused to someone else's property), personal injury (including wrongful eviction, invasion of property, false arrest, and others), advertising injuries (damage caused by your advertising), legal defense (coverage of legal fees if you are sued)
• Commercial insurance is not required in the Buckeye State. However, it is highly recommended to have.
• All businesses with one or more employees though, must carry workers' compensation insurance. Only sole proprietors with no employees do not have to have it.
• The state's commercial liability insurance premiums are based on several factors, including the type of products or service a company provides, the number of employees, how long the company has been in business, and the claims history.

Commercial insurance is vital for any type of small business because it protects both a business owner and employees. Therefore, as a business owner from the Buckeye State, it is one of the first things you should get when you start your own company. If you are looking for a reliable insurance agency that will help you find perfect business insurance, Capretta Insurance Agency, serving Parma, OH, is ready to assist you. Do not hesitate to give us a call to talk to one of our insurance agents.