Starting a business in Ohio opens the door to risks. You need insurance designed for your industry and business size. We customize plans for more than 20 industries. Pick coverage below to start a quote today.
Essential coverage for your Ohio business
When you also have at least one employee
* Plus Workers Compensation
All standard plan benefits and:
Whether you’re looking to satisfy Ohio requirements with workers comp and disability insurance or know insurance is the only way to protect your finances, we’ve got you covered.
In case of accidents resulting to bodily or physical injury, as well as property damage due to negligence, this insurance provides protection for claims in which your business is held accountable for. General Liability is the first policy every small business should consider as it equally covers libel, slander, and false or misleading advertisements.
Damages incurred from natural disasters and man-made calamities can cause a huge financial collapse on small or mid-sized businesses, making it hard to resume normal operations. This is where Property Insurance comes extremely helpful, protecting your business-owned physical assets such as the building and its content from loss due to flood, fire, earthquake or even theft.
All businesses operating within Ohio with one or more employees are required to have Workers' Compensation insurance. It provides employees with coverage from medical expenses, rehabilitation bills and lost wages as a result of work-related injury or illness. In exchange, Workers' Compensation protects business owners from legal claims on account of negligence.
Should an accident happen on the road while doing business-related trips, this policy offers coverage from liabilities, collision, medical payments, repairs and other damages caused by your commercial vehicle. Whether you own or lease the automobile, the state of Ohio requires businesses to carry Commercial Auto insurance.
Offering small businesses the needed financial aid after a major flood, fire, earthquake or other man-made disasters, Business Interruption covers estimated profit loss during period of interruption. It pays for expenses that continue to bill such as electricity charges, building lease, employee payroll, taxes, leased equipment and other utilities until you're able to resume operations.
Specially tailored for businesses dealing with personal or financial information, this insurance protects you from financial loss due to fraudulent or dishonest acts committed by your employees. Should a customer make claims against the deceitful activities of your workers, Fidelity Bond steps into place and provides coverage saving you from costly financial liabilities.
Depending on the size of your business, industry and financial stability, the amount of General Liability Insurance varies. A good rule of thumb for small businesses is $500,000 to $1,000,000 total coverage.
Ohio typically requires businesses to carry a Workers' Compensation Policy, but the other insurance needed would depend on your industry and size of your business. Contact your state department for more information.
Discounts and price reductions are totally dependent on your insurance carrier. Discuss with them the possibility of implementing loss control services to help lower your premiums.
Aside from the policies mandated by law, we usually recommend small businesses to consider getting General Liability and Commercial Property insurance for their diverse protection and premium coverage.
CoverWallet utilizes state of the art technology to help small businesses understand and buy customized coverage, get significant savings and conveniently manage their insurance, in a matter of minutes, all through our online platform.
You wanted better protection and cheaper pricing. So did we. We baked that dream into everything we've set out to accomplish in building our award winning platform.
We have one! How much could we have really improved the insurance purchase process? Try us! We ask only the questions you need to answer, nothing more.
We've built all our fancy tech from scratch, which allows us to get you certificates on demand, free of charge, and for us to find you savings.
Being a small business presents several challenges that may need more assistance. While CoverWallet provides you the best insurance, you can also consider these references to further support your small business:
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