Get a Quote for Your Business from Unquoting Today
At Unquoting Insurance Company, we help Ohio businesses protect their employees, property, equipment, vehicles, operations, and financial future with customized business insurance solutions. Whether you own a small business, retail store, restaurant, office, contracting company, professional service firm, commercial property, or growing enterprise, we can help you find coverage designed for your specific risks. Don’t leave your business unprotected. Call (888) 928-9324 or email mail@unquoting.com today to get the protection your business needs!
Choose the Business Insurance Coverage You Need
The business structure you choose may provide some protection for your personal assets. For example, forming a limited liability company (LLC) or corporation can help separate your personal property from certain business debts and lawsuits. However, this protection has limits and does not replace the need for business insurance.Accidents, property damage, lawsuits, employee injuries, and other unexpected events can create significant financial losses. Business insurance can help fill coverage gaps and protect your company’s property, employees, operations, and financial future.
Depending on your business location, industry, and number of employees, you may be legally required to carry certain coverages or participate in government insurance programs, including:
- Workers’ compensation insurance
- Federal and state unemployment insurance programs
- Disability insurance in states where it is required
- Commercial auto insurance for business-owned vehicles
- Professional or industry-specific coverage
Insurance requirements vary by state and type of business. Review your state’s requirements and speak with a licensed insurance professional to determine which coverages your business needs.
Six Common Types of Business Insurance
After purchasing any insurance required by law, consider additional coverage for the risks your business may face. A good rule is to insure against losses that would be difficult or impossible for your business to pay out of pocket.A licensed insurance agent can help you identify the coverages that fit your operations, industry, employees, property, and potential liabilities. Compare coverage limits, exclusions, deductibles, terms, and premiums before choosing a policy.
Here are six common types of business insurance to consider:
| Insurance type | Who it's for | What it does |
|---|---|---|
| General liability insurance | Any business | This coverage protects against financial loss as the result of bodily injury, property damage, medical expenses, libel, slander, defending lawsuits, and settlement bonds or judgments. |
| Product liability insurance | Businesses that manufacture, wholesale, distribute, and retail a product | This coverage protects against financial loss as a result of a defective product that causes injury or bodily harm. |
| Professional liability insurance | Businesses that provide services to customers | This coverage protects against financial loss as a result of malpractice, errors, and negligence. |
| Commercial property insurance | Businesses with a significant amount of property and physical assets | This coverage protects your business against loss and damage to company property due to a wide variety of events. These include fire, smoke, wind and hailstorms, civil disobedience, and vandalism. |
| Home-based business insurance | Businesses that are run out of the owner’s personal home | Coverage that’s added to homeowner’s insurance as a rider can offer protection for a small amount of business equipment and liability coverage for third-party injuries. |
| Business owner’s policy | Most small business owners, but especially home-based business owners | A business owner’s policy is an insurance package that combines all of the typical coverage options into one bundle. They simplify the insurance buying process and can save you money. |
Choosing the Right Coverage
A business' insurance needs depend on its size, activities, funding sources, contracts, property, employees, clients, vehicles, events, and services. There is no one-size-fits-all policy.A business should begin by asking practical questions:
What services do we provide?
Do we have employees?
Do we own or rent property?
Do we work with children, seniors, or vulnerable individuals?
Do we host events?
Do we collect personal or financial information?
Do employees drive a car for the business?
Do contracts, grants, or venues require specific insurance limits?
The answers to these questions can help identify the right mix of coverage.
Don’t go uninsured, call (888) 928-9324 or email mail@unquoting.com us today and get the protection you need!