Commercial Insurance Columbus Ohio

Columbus insurance for contractors protects you legally while performing your job and is offered by most farms and construction companies.

Commercial insurance can provide businesses in Columbus, OH with the necessary coverage if something happens that is attributable to their work. The policy may cover things like negligence, workers’ compensation claims, and product liability. A good commercial insurer will have a broad range of products to choose from, as well as experienced underwriters who can help you determine the right coverage for your business.

Cost of Commercial Insurance Columbus Ohio

Commercial Insurance protects businesses from lawsuits caused by their employees or contractors. Typically, this type of insurance costs around $1,100 per year. The policy typically covers businesses in Columbus, OH for damages up to $250,000. It is important to note that this is customized insurance policy and does not cover everything.

Who Should Opt for Commercial Insurance Columbus Ohio?

Anyone who does business as a contractor should consider seeking commercial insurance. This type of coverage protects contractors from the financial damage that may result from any legal action taken against them, including lawsuits and claims filed by customers or other third parties.

Depending on the size and complexity of your business, you may need anywhere from $10,000 to $500,000 in coverage. Before you buy commercial insurance, calculate the potential cost of any potential lawsuit and make sure you have enough money in your account to cover that cost if it happens.

Aside from protecting your financial stability, commercial insurance can also bolster your reputation. In the event of a damaging lawsuit, having insurance in place will show that you take safety and quality control seriously. It will also demonstrate to clients that you are willing and able to financially support any claim against you.

Does Commercial Insurance Columbus Ohio Require a Retainer Fee?

Yes, commercial insurance does require a retainer fee. Commercial insurance provides protection for contractors and subcontractors in the event that they are sued for any reason. The retainer fee helps to cover the costs of investigating your case and defending it should you be sued.

Commercial Insurance Columbus Ohio Policies

Contractors policies are designed to protect businesses and their owners from potential civil lawsuits. Policies may cover legal fees and other damages that may be incurred as a result of harm to people or property caused by the insured. While there are many types of liability policies, some commonly include:

Commercial general liability insurance covers businesses from lawsuits alleging negligence or wrongdoing by their employees, officers, directors, or contractors. This type of policy can help protect companies from expensive civil judgments and settlements related to personal injuries, wrongful business practices, and more.

Workers’ compensation insurance is often required by state law in order to protect businesses from financial responsibility for injuries their employees suffer while on the job. Though the specific coverage that a business needs can vary, most workers’ compensation policies provide coverage for property damage, medical expenses, death benefits, and more.

Builders risk protects businesses from lawsuits alleging that their products were responsible for damaging someone’s health or property. This type of policy can help reimburse businesses for costs associated with product recalls, such as repairs and replacements.

Commercial property insurance is typically used to cover losses that arise from accidents on insured property. This type of policy can help to cover costs associated with things like lost time at work due to a car accident, damaged property, and more.

Commercial Insurance Columbus Ohio

Who Needs It?

Appliance Contractor – Building Contractor – Cargo Contractor – Carpenter Contractor – Masonry Contractor – Handyman – Window Installer – Specialty Contractors – Chimney Contractor – Cleaning Contractors – Concrete Contractor – Demolition Contractor – Security Contractor – Debris Removal Contractor – Fencing Contractors – Insulation Contractors – Mold Remediation Contractors – Underground Utility Contractors – Low Voltage Contractors – Drywall Contractor – Electrical Contractors – Excavation Contractors – Flooring Contractor – Framing Contractor – Paving Contractors – Plastering Contractors – Waterproofing Contractor – HVAC Contractor – Repair Contractors – General Contractors – Welding Contractor – Landscape Contractors – Restoration Contractor – Painting Contractor – Plumbing Contractors – Renovation Contractor – Window Cleaning – Pressure Washing Contractor – Roofing Contractor – Scaffolding Contractors – Tile Contractor – Lawn Care – Pool Contractor – Sewer Line Contractor