Business & Commercial Insurance in Sandusky, Amherst, and Port Clinton OH

What are the different types of commercial coverage?

Whether you’re starting a new business or looking for a better policy, commercial insurance is an important part of running your business. 

At Yanak Insurance Group, we help business owners across Ohio find business insurance policies suited for their needs and their budget. Not all business insurance is created equal and it is important to tailor a policy built for your insurance needs. 

What Does Commercial Insurance Cover? 

Depending on your industry, there are different types of insurance available for your company. Most businesses utilize a lot of the same basic policies to protect against general, common dangers. 

General Liability 

General liability insurance covers basic liability dangers that may face your business. This includes bodily injury and property damage someone else may suffer on your business’ property. For example, if a customer slips and falls in your restaurant, general liability insurance can cover the customer’s medical bills related to the accident as well as legal expenses your business may face in case of a lawsuit. 

The last part of general liability is personal and advertising injury. Personal and advertising injury covers claims against the business concerning libel, slander, malicious persecution, theft of an advertising idea, copyright infringement and more. 

There are additional types of liability available for businesses, as well, such as: 

• Professional Liability: Professional liability insurance covers claims against your business over professional negligence. If your business or employees offer a specialized service, this insurance can cover claims concerning this specialized service. 
• Umbrella Liability: Umbrella liability insurance fills in the gaps left by your other liability policies. If your general liability insurance reaches its limit for a claim, for example, umbrella liability insurance can cover the rest of the expenses.
• Products Liability: Products liability insurance covers bodily injury and property damage any products your business offers or manufactures may cause to someone else. 

Commercial Auto 

Commercial auto insurance provides coverage for vehicles owned and used by the business. This offers a lot of the same coverages as a personal auto insurance policy, including comprehensive coverage, collision coverage, liability, uninsured/underinsured motorist, medical payments coverage and more. 

Commercial auto insurance policies can also cover Hired or Non-Owned Auto, which provides coverage for vehicles used but not owned by the business. This can also cover employee vehicles used for work purposes. 

Workers Compensation 

Workers compensation insurance is required for most businesses. This type of insurance provides compensation if your employees are injured on the job. It can cover emergency expenses, medical bills, disability benefits, wage replacement and, in extreme cases, death benefits. 

Build Your Commercial Policy 

Discover specialized insurance available for your business such as: 

• Business Owners Policies
• Farm Insurance 
• Builders Risk
• Liquor Liability

If you want a reliable and affordable commercial policy for your business, call Yanak Insurance Group today at (419) 625-7353 or fill out an online quote form to get started. 

Common Commercial Insurance Questions 

How Much Does Commercial Insurance Cost? 

The cost of commercial insurance depends on several factors, including your location, size of the business, industry, coverage types and limits, deductibles and more. Fill out an online quote form to find out how much you can save on commercial insurance. 

How Much Commercial Insurance Do I Need? 

Most businesses need at least general liability and workers compensation, but your insurance needs will vary. Depending on your industry, you could need policies tailored specifically for unique dangers. Speak with an insurance agent today about what insurance is right for you and your business. 

How Does Commercial Insurance Work? 

When you purchase a commercial insurance policy, you generally pay monthly premiums in return for coverage. If you file a claim on your commercial insurance policy, you can receive compensation for damages and lawsuits that face your business.