Business & Commercial Insurance

How to Get Business Insurance

Business owners need adequate insurance, including commercial general liability insurance, to help protect the financial health of their company. Contact the agents at Boyer Insurance in Zanesville, Ohio, today to get help tailoring your business insurance to meet your organization’s needs.

How Much Business Insurance Do I Need?

When it’s time to build your company’s insurance plan, much depends on your industry, exposure to specific risks and budget.

Your agent may recommend that you purchase specific types of business insurance and business liability insurance, such as the following:

·        General liability coverage helps pay claims for third-party property damage and injuries if you or one of your employees cause an accident during everyday business.

·        Business property insurance, also called commercial property insurance, helps cover damages to your company’s property and equipment after a covered incident. 

·        Commercial auto insurance helps pay liability claims if you or one of your employees causes property damage or third-party injuries while driving during the ordinary course of day-to-day business. This policy may also help pay to repair or replace your company vehicle after an accident. In most states, companies must purchase a minimum of liability coverage as part of their commercial auto insurance policy.

·        Professional liability insurance, also called errors and omissions insurance, helps pay for legal claims and the associated costs if you or one of your employees makes a mistake while providing services to a customer. 

·        Workers’ compensation insurance helps provide financial help to your employees for medical expenses if they are injured or become ill in a work-related incident. 

·        Data breach insurance, also called cyber liability insurance, helps pay for damages if your business is involved in a data breach. 

·        Business interruption insurance, also called business income insurance, helps pay regular bills if a company must temporarily shut down to allow for repairs after a covered event.

·        Commercial umbrella insurance provides a safety net in case a liability claim exceeds the limits of your liability insurance policies.

Specialty insurance coverages added as endorsements or stand-alone policies can help provide even more coverage for common perils. Your agent may recommend that you tailor your insurance coverage by adding the following:

·        Inland marine insurance

·        Products/completed operations liability insurance

·        Employment practices liability insurance (EPLI)

·        Hired/non-owned auto liability coverage (HNOA)

When Is Business Insurance Required?

The federal government requires certain types of business insurance, including workers’ compensation, disability and unemployment insurance. Laws may vary depending on where your business is located.

Your agent can help you understand federal and local small business insurance rules.

Where to Get Insurance for a Business?

The agents at Boyer Insurance can help you get the business insurance you need to provide the best financial protection for your company. Contact us today to get a quote.