Reducing the risk of starting a business
While owning your own business can be very rewarding, we know that it can be quite stressful at times.
After all we're small business owners too.
And it's our job to make sure other businesses are properly prepared for whatever is ahead of them.
As a business owner, you may not be able to predict the future, but you can make sure your company has quality business insurance. Springfield, Ohio businesses of all sizes trust in our insurance coverage to keep their company safe and secure.
TYPES OF BUSINESSES WE INSURE
- General Contractors
- Home Builders
- Roofers, Siding, & Windows
- Water & Sand Blasting
- Heating & Air Conditioning
- Condo Associations
- Apartment Complexes
- Carpet Cleaners
- Auto Repair & Body Shops
- Funeral Homes
- Property Development
- Property Management
- Kraft Breweries
- Yoga Studios
- Fitness Gyms
- Dog Kennels & Day Cares
- Restaurants & Bars
- Beverage Drive Thru's
- Golf Courses & Clubs
- Production Companies
- Hospitals & Doctor's Offices
- Hair Salons & Barber Shops
- Tanning Salons
- Office Space
- Car Dealerships
- Grocery Stores
- Convenience Stores
This isn't an exhaustive list. If you don't see your industry, don't worry! Just give us a call or submit a quote request, and we will a business insurance policy for you!
What Makes Up Your Commercial Insurance Policy?
Commercial General Liability Insurance
We live in a world where people are in a hurry to file lawsuits against your business, whether justified or not. Commercial Liability Insurance helps protect you from this. General Liability Insurance protects you and your business when you are liable for physical injury or property damage resulting from your business operations. Lets say you are an HVAC technician and while working inside of a home, you made a tactical error and accidently started a fire in the furnace, and the fire caused $25,000 in damage to part of the house. This would be covered under your General Liability Property Damage. An example of Personal Injury being covered under your General Liability Insurance would be you (a Landscaper) were mowing a client's grass on a riding mower, the blades hit a rock and that rock propelled out and struck your client as he was getting out of his car causing him to get stiches at the emergency room. His medical bills would be covered under the Personal Injury portion of your General Liability Insurance policy.
Commercial Property Insurance
There are many different types of Commercial Property Insurance. At Link-Hellmuth Insurance we will customize your Commercial Insurance Policy to fit exactly what you and your business needs. Different types of Commercial Property Insurance are:
- Building and Contents
- Business & Office Equipment
- Your Inventory
- Any Inside of Outside Signs
- Business Furniture
- Fence of Security System
- Landscaping at Your Business
Commercial Property is what you're putting money into for your business, it's an investment, it's your future, protect it!
Risk Management & Reducing Your Risk
The best way for Springfield, Ohio business to keep their insurance premium down is by limiting your risk exposure. By doing this you can prevent losses from occurring, and avoid accidents that would eventually increase your Commercial Insurance premium. The first way to avoid risk is simply by taking pride in your business. Maintain your shop, warehouse, building, restaurant. Something as simple as keeping your auto body shop clean can avoid a customer from slipping on oil in the hall, getting injured, and having your Commercial Liability Insurance pay thousands of dollars for their medical expenses, which could then result in increasing your Commercial Insurance.
General Contractors Insurance
A General Contractor is someone who oversees and coordinates construction engineering projects, new home builds, and home renovations & remodeling. Since this type of industry is very diverse in that everything on the jobsite is always on the go, this increases the risk level. General Contractors Insurance is a specialized policy that is designed to protect you while you and your employees are on the job if you were to cause harm through Property Damage or Personal Injury. A policy for a General Contractor can actually be tailored so that your Commercial Insurance premium stays low, and most of the risk transfers over to the sub-contractors, which saves money for the General Contractor.
One of the most trending industries for new business development is the fitness industry. Yoga Studios, Cross Fit Warehouses, Cycling & Spinning Studios, and Gym Clubs are popping up all over the place. Not only are these businesses just fitness centers, they're social gathering places. People go to the gym yes to get fit, but they also go to meet other people and make friends. This naturally brings more people into the business and that increases your exposure for risk. Make sure you're properly covered with General Liability Insurance in the event of Personal Injury, and Business Equipment Insurance to protect all of your Business Contents including the actual gym equipment.
Coffee Shops & Bakery Insurance
The more people who walk in and out of your shop everyday, the better your business will be. But extra traffic also increases your exposure to risks. Whether a shelf falls on a customer and injures them or a small fire in your kitchen spreads to the business next door, General Liability Insurance protects you from potential major financial lawsuits. If you take pride in brewing the perfect blend of coffee, then you should absolutely take pride in caring for your equipment, your tools, everything that makes your business go. Business Property Insurance will cover your equipment in the event it was damaged in a fire, storm, vandalism, or even theft. By bundling your General Liability & Business Property Insurance you can also take advantage of big discounts.
The Business Owners Insurance Policy (BOP)
A Business Owners Policy, or BOP, is a simple combination of Business Property Insurance and General Liability Insurance under one single policy designed specifically for small business owners. If your business has an actual location that you work out of, then a BOP is a great fit for you. Also with a BOP you can add optional coverages that are more tailored to your particular needs. Examples of additional coverages available would be Business Income, Employee Dishonest, Cyber Protection, Electronic Data, Professional Liability, and Business Life Insurance. If you're a small business owner, call us so we can talk BOP and make sure your business is properly insurance!
COMMERCIAL AUTO INSURANCE
Why Do You Need Commercial Auto Insurance?
If you are operating your business out of your vehicle, delivering products, conducting a service from your vehicle, driving from one jobsite to another, or if other employees are using your vehicle, then you should have Commercial Auto Insurance, instead of your standard Personal Auto Insurance.
Commercial Auto Insurance Coverage
The coverages in a Commercial Auto Insurance policy are similar to that in your Personal Auto Insurance policy. You will always have Bodily Injury and Property Damage Liability however the limits in the Commercial Auto Insurance policy will be much higher. If you choose, you can have Full Coverage Comprehensive & Collision Coverage on your trucks to protect them in the event they are ever damaged in any way, including Full Coverage on any attached business equipment on your truck.
Examples of Vehicles Needing Commercial Auto Insurance:
- Work Trucks
- Tow Trucks
- HVAC Vans
- Dump Trucks
- Delivery Vehicles
- Taxis & Uber Drivers
- Food Trucks
Still Not Sure if You Need Commercial Auto Insurance?
With Progressive Insurance, you can simply answer a few questions regarding your vehicle and it's use, and Progressive will actually tell you if you need Commercial Auto Insurance. Click the Progressive icon below and fill out the questionnaire, we will tell you within seconds which route you should take with your work trucks!
Food Truck Insurance
If you're in the food service industry and you are operating your restaurant out of a food truck then there is a specialized Food Truck insurance policy designed specifically for you. With a Food Truck Insurance policy, you are going to automatically have the standard Commercial Auto coverages; Bodily Injury and Property Damage Liability, Full Coverage Comp and Collision, Uninsured Motorist, but you're also going to have Business Personal Property coverage available to you as well. With having Business Property Insurance, you are going to be protecting all of your permanently attached equipment on the truck, and any other kitchen supplies that you are using for business operations.
Quality Business Insurance in Springfield, Ohio and Beyond
Whatever your company does, there's a perfect business insurance policy for you. If you need insurance for your Ohio business, look no further. Link-Hellmuth will work directly with you to ensure your company is well taken care of.
Give us a call or email us, and we'll get started. Stop stressing about the future. Get better business insurance with Link-Hellmuth.