Business Insurance in Worthington, OH
However careful you are as a business owner, your business may still face lawsuits, property damage and other risks. As such, it’s crucial to secure adequate business insurance. With proper coverage, you may avoid paying out-of-pocket for damages or legal claims against your business.
How Does Business Insurance Work? 
Business insurance is a financial safeguard for your business. It may provide funds after certain events that could hurt your business financially.
Determine what risks your business may face and choose insurance coverage that fits your situation. Examples of risks include property damage, lawsuits and employee injuries.
Once you choose a policy, you’ll pay regular premiums to keep it active. If something happens that your insurance covers, you’ll file a claim with your provider. They will review what happened, check if it’s covered, and they may help cover the loss. Most policies are in force for a set period and must be renewed. Many insurance companies also offer advice or tools to help you avoid future problems.
What Types of Coverage Do I Need?
The business insurance you need depends on factors like your industry, location, workforce size and the specific risks. Speak with an insurance agent from Ankrom Agency to help you determine what makes the most sense for your business.
Your agent may recommend these common types of business insurance:
- General liability insurance
- Commercial property insurance
- Business interruption insurance
- Commercial auto insurance
- Workers’ compensation insurance
- Professional liability insurance
- Cyber liability insurance
- Product liability insurance
- Employment practices liability insurance
Regularly review your coverage and adjust it if things change. Ankrom Agency can help ensure that you’re not missing anything important. Contact our team today to learn more.