Commercial Insurance in Ohio
Insuring your small business is one of the most important decisions you’ll make as a new business owner. Commercial insurance can protect your business against risks that threaten financial loss. At The Merhar Agency LLC in Willoughby, OH, we can customize your commercial policy to provide you with the essential protection your business needs. The right coverage can be key to helping your business succeed.
Commercial Insurance Coverage Options
Commercial insurance offers various coverage options to meet the needs of Ohio businesses. These options include property, business interruption, general liability, worker’s compensation, and more.
Property insurance covers your business building, office or warehouse, business equipment, and products. If any of these are damaged or destroyed by a covered peril, property coverage will help you recuperate your losses. Property coverage protects you against such perils as fire, theft, vandalism, wind and storm damage, lightning strikes, and other disasters. For protection against flooding, you’ll need to purchase a separate flood policy.
If a major disaster forces your Ohio business to close temporarily for repairs, you could lose valuable revenue. Business interruption compensates you for this loss. It also covers payroll, lease of a business location, business taxes, and other business expenses essential to keeping your business running.
Businesses that receive customers on-site are at risk of people having an accident on business property. If someone gets injured while visiting your business, you could be held responsible for paying their medical costs. In the event of a serious accident, your business could be sued for damages. Liability insurance protects your business assets by covering liability claims and protecting you against a lawsuit.
Worker’s comp protects your employees by covering lost wages and medical costs of accidents on the job. If your Ohio business has one or more employees, this coverage is required.
To learn more about commercial insurance for your Ohio company, contact The Merhar Agency LLC in Willoughby, OH.