How to Choose the Right Commercial Insurance Coverage for Your Business

You know you need commercial insurance for your business, but selecting the right coverage can quickly become confusing. At Bonvenuto Financial Group LLC in Uniontown, OH, we offer commercial insurance for businesses. 

Business Owner’s Policy

Most businesses will need a business owner’s policy. This can be customized to meet your needs, but it’s typically commercial property and general liability insurance. 

Commercial property insurance covers your business property. This could be a store, factory, or your office. The structure of your building and its contents, including business equipment, is covered. 

General liability insurance will protect you from most types of liability. If someone is injured on your property, this is covered under general liability. It also covers damage to customer’s property when they are at your business. 

Other Types of Liability Coverage 

You may need other types of liability coverage as well. Professional liability insurance will cover errors and omissions that you may make. For example, printing mistakes and accounting errors would be covered under this policy. 

If you make products, you may need product liability insurance. If a faulty product causes damage to a customer’s property or injures them, you’ll be covered under this policy. 

Commercial Auto Insurance

If you use a vehicle for your business, you’ll need commercial auto insurance. This includes transporting goods or equipment or passengers for a fee. 

If you use your vehicle for more than simply driving to work, you should consider a commercial auto policy. Your standard auto coverage won’t cover an accident that occurs during business operations, and a commercial auto policy also includes employees who may drive the vehicle. 

Commercial Insurance with Bonvenuto Financial Group LLC

If you live in Uniontown, OH, and need commercial insurance, contact Bonvenuto Financial Group LLC. We offer different types of commercial insurance to meet your and your business’s needs. 

Ohio Commercial Insurance: Know Your Rights and Limitations

Seasoned business owners know that having the best commercial insurance policy is the best way to protect their Ohio-based businesses from the devastating financial effects of unforeseen circumstances like accidents, property damage, or lawsuits filed against them.

Bonvenuto Financial Group LLC in Uniontown, OH can help you choose the best policy for your needs. 

Rights and Limitations for Commercial Insurance 

Right #1. – You have the right to choose the best commercial insurance policy that meets your business’s unique needs. 

Limitation: Beware of limited policy options that don’t include the coverage you want or need. 

Right #2.- You can have more than one type of commercial insurance from the following available insurance types.

  1. General Liability Insurance – covers a wide range of insurance-related claims against lawsuits, legal claims, personal injuries, property damage, and more. 
  2. Property Insurance – most Ohio commercial property insurance options have provisions for property damage, business interruption, equipment breakdowns, liability, and additional coverages. 
  3. Workers Compensation Insurance – this employment-based insurance helps protect business owners and employees in the case that they are injured on the job. This insurance may be legally required for large Ohio employers. 
  4. Specialized Commercial Insurance: get specialty commercial insurance coverage to meet your business’s individual needs. Ask an agent for specifics about special coverages. 

What Do Ohio Commercial Insurance Policies Typically Cover?

Commercial insurance policies cover a wide range of business-related expenses that could ordinarily put a small business owner out of business. 

  • Property Damage
  • Bodily Injury
  • Product Liability 

Talk to a licensed insurance agent, Bonvenuto Financial Group LLC in Uniontown, OH to learn about specialty commercial coverage for your Ohio-based business.  

Get Commercial Insurance in Ohio

The expert insurance agents at Benvenuto Financial Group can answer your questions and help you choose a policy.