Commercial Insurance in Ohio

Ohio is one of the most business-friendly states in the nation, and its laws and regulations protect businesses and their employees. To ensure that companies are properly insured, Ohio has specific requirements for commercial insurance under Title 39 of the Ohio Revised Code.

Most businesses operating in Ohio need these types of insurance:

  • Commercial General Liability Insurance
  • Commercial Property Insurance
  • Workers' Compensation Insurance
  • Commercial Vehicle Insurance
  • Umbrella Insurance

Here is a summary explanation of each insurance type.

Commercial General Liability Insurance

For businesses operating in Ohio, commercial general liability insurance is a requirement. This policy from Bonvenuto Financial Group LLC protects against third-party claims of bodily injury or property damage resulting from the company's operations in Uniontown, OH and other parts of the state.

Commercial Property Insurance

In addition to general liability insurance, Ohio business owners must also purchase property insurance. This type of policy protects physical assets, such as buildings and equipment, in the event of damage or loss.

Workers' Compensation Insurance

Ohio business owners must also carry workers' compensation insurance if they have employees. This type of policy provides medical benefits and wage replacement for workers who are injured or become ill during their employment.

Commercial Vehicle Insurance

Ohio also requires businesses to carry commercial vehicle insurance if they own or operate vehicles. This policy protects a business owner from certain damages or injuries resulting from a motor vehicle accident involving a company vehicle.

Umbrella Insurance

Finally, Ohio businesses must also purchase an umbrella policy. Umbrella coverage provides additional protection beyond the limits of an existing policy, such as general liability or property insurance. This type of policy helps shield businesses from large and unexpected financial losses.

Give Us A Call

We understand that commercial insurance requirements might be confusing, and you may have specific needs. That's why we're here to help. Our team of experienced insurance professionals is here to answer any questions about Ohio's commercial insurance requirements and other types of coverage. Contact us today at the Bonvenuto Financial Group LLC in Uniontown, OH, to learn more.