Find Ohio business insurance in three easy steps
Fill out an online application that reaches top carriers
Review insurance requirements in Ohio
Compare quotes and buy affordable coverage today
Recommended insurance policies for small businesses in Ohio
These insurance policies defend Ohio small business owners against common lawsuits and other top risks.
General liability insurance
Commercial general liability insurance covers third-party risks for small businesses in Ohio, including customer property damage and injuries. Commercial leases often require this coverage.
- Customer injuries at your company
- Damaged customer property
- Libel and other advertising injuries
Errors and omissions insurance
This policy is also called E&O insurance or professional liability insurance. It protects professionals against legal defense costs from mistakes, missed deadlines, and oversights.
- Work errors and oversights
- Professional negligence lawsuits
- Late or incomplete work
Professional liability insurance
This type of coverage protects Ohio businesses against lawsuits related to the quality of their professional services or advice. It's also referred to as errors and omissions insurance.
- Mistakes and oversights
- Breach of contract
- Missed deadlines
Business owner’s policy
A BOP bundles general liability coverage and commercial property insurance at a discount. Small businesses with low risks are typically eligible.
- Accidents that harm customers
- Stolen or damaged business property
- Business interruption insurance
Workers' comp insurance
Businesses with employees must buy workers’ compensation through the Ohio state fund. Sole proprietors may decide to buy this coverage, as personal health insurance won’t cover work injuries.
- Employee medical expenses
- Disability benefits
- Physical and occupational therapy
Cyber insurance
This policy protects small businesses in Ohio against financial losses from data breaches and cyberattacks. It’s also called cybersecurity insurance.
- Data breach investigations
- Client notification costs
- Fraud monitoring services
Commercial auto insurance
This policy is required for vehicles owned by Ohio small businesses. It helps cover financial losses from an accident, along with other types of damage.
- Injuries caused by your vehicle
- Property damage caused by your vehicle
- Vehicle theft and vandalism
Fidelity bonds
A fidelity bond reimburses your clients in the event of employee theft. Your clients may ask you to secure a bond before they will work with your business.
- Illegal electronic funds transfer
- Forged signatures
- Theft of cash or property
Commercial umbrella insurance
This policy provides additional coverage when the limit is reached on your general liability, commercial auto, or employer's liability insurance. It can help your business comply with requests for higher limits.
- Personal injury lawsuits
- Auto accident lawsuits
- Workplace injury lawsuits
Looking for different coverage? Check out our other policies.
What are the insurance requirements for small businesses in Ohio?
Workers' compensation insurance
Ohio state law requires businesses that have one or more employees to purchase workers’ compensation insurance.
Workers' comp covers medical bills for work-related injuries and illnesses. It also provides disability benefits for injured Ohio workers.
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 carrier.
Commercial auto insurance
Vehicles owned by limited liability companies (LLCs), startups, and other businesses in Ohio must be covered by commercial auto insurance.
A commercial auto policy pays for legal expenses from accidents involving your business vehicle.
Ohio law requires auto liability coverage in the amount of:
- Bodily injury liability per person: $25,000
- Bodily injury liability per accident: $50,000
- Property damage liability per accident: $25,000
Personal, rented, and leased vehicles driven for work purposes should be covered by hired and non-owned auto insurance (HNOA), as personal auto policies usually exclude business use. It can be added to general liability insurance or a business owner's policy.
How much does small business insurance cost in Ohio?
Commercial insurance can be affordable for small businesses with low risks. Average costs for TechInsurance customers in the Buckeye State are:
General liability: $42 per month
Professional liability / E&O: $68 per month
Workers' compensation: $29 per month
Factors that influence the cost of business insurance include:
- Your profession
- Business operations
- Business income
- Number of employees
- Types of business insurance purchased
- Policy limits and deductibles
- Claims history
Why Ohio business owners choose TechInsurance
Gain financial protection
The costs from a lawsuit or data breach can overwhelm a small business. Protect against common risks with the right business insurance coverage.
Find insurance policies for your small business in Ohio
Whether you need coverage to sign a contract, rent an office, or get a license, TechInsurance can help you find the right business insurance policies. Our insurance agents are licensed in Ohio and can help you find affordable policies from top-rated insurance companies.
Get started today by filling out our easy application. You can chat with an agent about your business insurance needs and get answers to any questions. When you're ready, pay for a policy online and get a certificate of insurance (COI) immediately to show clients that your business is protected.
Hear from business owners like you who purchased insurance coverage.