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As a business owner in Green, OH, you need an understanding of how commercial insurance can be used to protect your business assets, reputation, and employees. There are some things you should know when shopping for commercial insurance with an agent at Ken Boldt Insurance Agency II, Inc.
1. What is commercial insurance?
Commercial insurance can be comprised of different categories. You likely need general liability insurance, property insurance, and commercial auto insurance if you have company vehicles. You may also want to consider workers’ compensation insurance.
2. Why do you need insurance?
Through the different categories, a solid commercial insurance policy can protect your business from theft and damage, protect you if someone is injured at your property, help if your property suffers damage, and insure your company’s cars and drivers.
3. What do you need for a commercial insurance quote?
When getting a quote, you will need information about your property, such as the building dimensions. You also need a record of the property inside, such as office supplies and equipment, machinery, furniture, and mobile equipment. You will need employee and general financial information to help with the liability premium. You also should have your current policy on hand to make sure you aren’t being over or underinsured.
4. Is business insurance deductible?
Business insurance can be deductible if it covers business or trade operations. It is not deductible if it includes any loss of earnings or a self-insurance reserve fund.
5. Is commercial insurance required by law?
In Ohio, you are required to have workers’ compensation insurance if you have one or more employees. Other insurance is not required, but it is always a good idea to have to protect your business.
Contact Ken Boldt Insurance Agency II, Inc. to get a quote on commercial insurance.
