Category: Commercial Insurance

There are many types of commercial insurance available in Central Ohio, and it’s overwhelming to figure out what kind of coverage you need. But don’t worry- we’re here to help! Here’s a rundown of some of the most common types of commercial insurance policies:

Property Insurance

Do you have a physical location for your business? If so, you’ll need property insurance to protect your building and contents in case of damage or theft. This policy will also cover any loss of income if your business has to close temporarily due to damage to your property.

Liability Insurance

Liability insurance protects your business from lawsuits alleging that your business caused someone else bodily injury or property damage. If you’re found liable, your liability insurance will cover the cost of the damages and any legal fees.

Product Liability Insurance

If you sell products, you need product liability insurance to protect your business from lawsuits alleging that your products caused someone bodily injury or property damage. If you’re found liable, your product liability insurance will cover the cost of the damages and any legal fees. Your Insuran LLC agent can help you determine the right amount of coverage for your business.

Workers’ Compensation Insurance

If you have employees, you’re required by law to have workers’ compensation insurance. This type of policy covers medical expenses and lost wages for employees who are injured on the job.

Business Interruption Insurance

If your business has to close temporarily because of a covered event, business interruption insurance will reimburse you for lost income and other expenses, such as rent and employee salaries.

These are just a few of the many types of commercial insurance available in Central Ohio. Contact Insuran LLC to discuss your specific needs and get a tailored insurance policy that’s right for your business.

In Central Ohio, Insuran LLC serves a variety of businesses that run the gamut from doctors and lawyers to restaurants and retail outlets. Each type of business needs a different insurance policy set. While the insurance industry refers to the insurance a business carries as commercial insurance, that actually encompasses more than 20 policy types.

Custom Commercial Policies

All commercial insurance entails a custom quote because no two businesses need exactly the same insurance. A doctor needs malpractice, while a retail store needs glass insurance. The one thing that all businesses have in common is a need for a business owner’s policy (BOP).

BOP Policies as a Foundation

Every business purchases a BOP because it packages the four most common types of insurance needed in one package for a reduced premium. Your business gets coverage for property damage, liability, named perils, and your business equipment. Some BOPs also throw in business interruption insurance, although most BOPs require this as an add-on.

You can add coverage to the BOP foundation. For example, a ballet studio would add glass insurance to protect the cost of replacing the many mirrors in the studio. A doctor who makes medical devices would carry errors and omissions insurance in addition to the BOP.

Each type of business needs a different set of policies and a different percentage with different levels of coverage. It takes consultation with an insurance agent to determine which of the 20 types of insurance your business needs.

Contact Insuran LLC serving Central Ohio for more information and to set up an appointment for a meeting with one of our insurance agents. We can help you build the custom policy you need for your commercial business.