If you are running a home-based business in and around Gahanna, OH, bear in mind that even though state law does not mandate business insurance, it remains an invaluable asset. This coverage can help your business recover in case it is affected by any unfortunate incident. Moreover, certain types of commercial policies are required depending on the nature of your business.
Mandatory Commercial Insurance Policies in Ohio
Ohio law makes it compulsory for business owners to invest in commercial auto insurance for vehicles serving business purposes. This might include travel to client meetings or business partner discussions, transporting goods to local markets, or even allowing an employee to use the vehicle.
Workers’ compensation insurance is mandatory if your business employs one or more individuals. This policy provides compensation for medical bills and lost wages for workers who are injured while performing their job duties.
Successful Amazon vendors who generate more than $10,000 a month in gross profits are required to have commercial liability insurance. This covers compensation if someone claims against your products, sustains property damage during product usage, or accuses you of copyright infringement.
Contact Schneider Insurance Agency for Additional Commercial Insurance Options
The policies above are just a few of the commercial insurance options available. Exploring other alternatives is advisable to ensure that your business has adequate coverage to withstand potential challenges. Contact the Schneider Insurance Agency’s Gahanna, OH, office to learn more or receive a policy or policy bundle quote.
