General liability covers common risks for small businesses in Ohio, including customer property damage and injuries. Commercial leases often require this policy.
This policy is also called professional liability insurance. It protects professionals against lawsuits over mistakes, missed deadlines, and oversights.
This policy protects Ohio small businesses against data breaches and cyberattacks that affect your business or a client.
This policy bundles property insurance and general liability insurance. It's often the most cost-effective type of commercial insurance for an Ohio small business.
Ohio requires small businesses with at least one full-time or part-time employee to purchase workers’ compensation through the state fund. This policy covers medical costs for work injuries.
This policy is required for vehicles owned by Ohio small businesses. It covers injuries and property damage in an accident, along with other types of damage.
Ohio state law requires businesses with at least one employee to purchase workers’ compensation insurance. This policy covers medical bills for work injuries and illnesses.
Ohio is one of four states that operates a monopolistic state fund for workers' compensation. That means employers cannot buy workers' comp from private insurers, only from the state fund.
Policies purchased through the state fund do not include employer's liability insurance, which provides financial protection against employee injury lawsuits. However, you can still purchase it through a private insurance provider.
Vehicles owned by small businesses in Ohio must be covered by commercial auto insurance. Ohio requires a minimum of $25,000 bodily injury liability per person, $50,000 bodily injury liability per accident, and $25,000 property damage liability per accident.
Though it's not required, personal vehicles driven for work purposes should be covered by hired and non-owned auto insurance, as personal auto policies usually exclude business use. It can be added to general liability insurance or a business owner's policy.
Commercial insurance can be affordable for a small Ohio company. Factors that influence the cost include:
Our agents are experts in insurance for Ohio technology businesses. They can help you find policies that fit your company and fulfill state requirements. TechInsurance is licensed by the Ohio Department of Insurance as BIN Insurance Holdings LLC (NPN 15752926) for property and casualty insurance and for surplus lines (license number 41170). Verify our licensure by using the Ohio Department of Insurance Agent / Agency Locator. Search for business entities, then enter our license number.