Key Insurance Policies Every Ohio Small Business Must Have

Running a small business in Ohio comes with its share of risks. From unexpected lawsuits to property damage, the right insurance coverage can protect your business from financial disaster. Whether you’re just starting out or reassessing your current policies, understanding the essential insurance policies you need is crucial. 1. General Liability Insurance Every Ohio small business should have general liability insurance to protect against third-party claims of bodily injury, property damage, and advertising injuries. If a customer slips and falls at your store or you accidentally damage a client’s property, this policy covers medical expenses, legal fees, and settlements. Without it, you could face significant financial losses that could harm your business. 2. Commercial Property Insurance Whether you own or lease your business space, commercial property insurance protects your physical assets, including buildings, equipment, and inventory. Fire, theft, vandalism, and natural ...