What Is Business Insurance and Why Does Your Company Need It?

Business insurance, or commercial insurance, refers to a range of policies designed to insure companies from financial losses due to accidents, lawsuits, property damage and other risks.

Every business faces unique exposures, whether you operate a retail shop or a professional office. The right coverage can help you recover from setbacks and keep your business running smoothly.

Key Types of Business Insurance Coverage

Our team helps Ohio businesses find coverage tailored to their needs, which may include:

• General liability insurance. Covers against claims of third-party bodily injury or property damage caused by your business operations
• Commercial property insurance. Covers damage to your building, equipment, inventory and other assets from events like fire or storms
• Workers’ compensation insurance. Required in Ohio for most employers, this coverage helps pay for medical expenses and lost wages if an employee is injured on the job
• Professional liability (errors & omissions) insurance. Covers your business from claims of negligence or mistakes in the services you provide
• Business interruption insurance. Helps replace lost income if your business is forced to close temporarily due to a covered event
• Commercial auto insurance. Covers vehicles owned or used by your business for work purposes

Without adequate coverage, a single incident could threaten your company’s future. Our team at Aaron Grob Agency is here to help you assess your risks and design a policy that fits your business and budget.

Let’s Insure Your Business Together

If you’re ready to review your current coverage or explore new options, our Ohio-based team is here to help. Contact us today to discuss how we can support your business with the right insurance solutions.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.