What Does Commercial Insurance Cover?

The M & M Insurance Group agents serving the Chesterland, OH area want you to know how important commercial insurance is for your business.

Is Commercial Insurance Required in Ohio?

The answer is yes. There are two types of commercial insurance you must have in place in Ohio for your business. Those two types of insurance include commercial auto insurance and workers’ compensation insurance. Read on for more information on both of these types of insurance policies.

Commercial Auto Insurance 

In Ohio, all drivers must have at least a liability insurance policy to drive on public roads and highways legally. This includes any autos used for your business or owned by your business. This type of policy will provide a minimum amount of liability insurance if a vehicle for your business is involved in an accident.

Workers Compensation Insurance

All Ohio businesses that employ one or more full or part-time employees must have a workers’ compensation insurance policy in place. This will help pay the medical bills and lost wages of any employee injured or sick on the job.

Other Coverage Options for Commercial Insurance

Commercial Liability Insurance Coverage

Commercial liability insurance is critical for you to have to protect your business and yourself. For example, if someone falls at your business and is injured, it will help pay their medical bills. It can also protect you if the person decides to file a lawsuit. Commercial liability insurance coverage will also be useful if you are sued for slander, libel, or copyright infringement.

Commercial Property Insurance

You never know when a natural disaster will occur, a fire, or even an act of vandalism, so you want to be prepared. Commercial property insurance will help protect not only the building that your business is located in if you own it but your inventory as well. This policy will also help you if someone steals items from your business.

Contact M & M Insurance Group

To start your commercial insurance policy for your business, contact the experienced and knowledgeable agents at the M & M Insurance Group serving the Chesterland, OH area today!