Upper Arlington Ohio Commercial Auto
As a UA Ohio business owner, you need the same kinds of
insurance coverages for the car you use in your business as you do for a
car used for personal travel -- liability, collision and comprehensive,
medical payments (known as personal injury protection in some states)
and coverage for uninsured motorists. In fact, many business people use
the same vehicle for both business and pleasure. If the vehicle is owned
by the business, make sure the name of the business appears on the
policy as the "principal insured" rather than your name. This will avoid
possible confusion in the event that you need to file a claim or a
claim is filed against you.
Whether you need to buy a OHIO business auto insurance policy will depend on the kind of driving you do. A good OH insurance agent
will ask you many details about how you use vehicles in your business,
who will be driving them and whether employees, if you have them, are
likely to be driving their own cars for your business.
While the major coverages are the same, a OH business auto policy differs from a personal auto policy in many technical respects. Ask your insurance agent to explain all the differences and options.
OHIO General Liability
If you have a personal umbrella liability policy, there's generally an exclusion for business-related liability. Make sure you have sufficient auto liability coverage.
Unfortunately for every business owner, the chances of getting sued have
dramatically increased in the last decade. General Liability insurance
can prevent a legal suit from turning into a financial disaster by
providing financial protection in case your business is ever sued or
held legally responsible for some injury or damage.
Ohio General Liability pays losses arising from real or
alleged bodily injury, property damage, or personal injury on your
business premises or arising from your operations. The Hartford's
liability programs extend far beyond the provisions of typical policies,
with broadened coverage and increased limits in over 30 areas.
Broad Range of General Liability Protection
- Bodily Injury, including the cost of care, the loss of services, and the restitution for any death that results from injury
- Property Damage coverage for the physical damage to property of others or the loss of use of that property
- Products-Completed Operations provides liability
protection (damages and legal expenses up to your policy’s limit) if
an injury ever resulted from something your company made or service your
company provided
- Products Liability is a more specialized product
liability insurance that protects your company against lawsuits from
product-related injury or accidents
- Contractual Liability extends to any liability you may assume by entering into a variety of contracts
- Other coverage includes: Reasonable Use of Force;
Borrowed Equipment; Liquor Liability; Non-Owned Vehicles (such as
aircraft and watercraft); Fire, Lightning or Explosion Damage; Water
Damage Liability Protection; Legal Defense Costs; Medical Payments;
Personal Injury; Advertising Injury; and specialized liability
protection for specific business types
Workers Compensation
Workers compensation laws were created to ensure that employees
who are injured on the job are provided with fixed monetary awards.
This eliminates the need for litigation and creates an easier process
for the employee. It also helps control the financial risks for
employers since many states limit the amount an injured employee can
recover from an employer.
Workers Compensation Insurance is designed to help companies pay these
benefits. As a protection for employees, most states require that
employers carry some form of Workers Compensation Insurance. Workers
Compensation Insurance is not health insurance. Workers Compensation is
designed specifically for injuries sustained on the job.
In most states, if you have employees, you are required to carry Workers
Compensation coverage. Even in non-mandatory states, it can be a very
good idea, particularly if you have many employees, or if they are
engaged in hazardous activities.
Do I need workers compensation insurance?
Employers have a legal responsibility to their employees to
make the workplace safe. However, accidents happen even when every
reasonable safety measure has been taken.
To protect employers from lawsuits resulting from workplace accidents
and to provide medical care and compensation for lost income to
employees hurt in workplace accidents, in almost every state, businesses
are required to buy workers compensation insurance. Workers
compensation insurance covers workers injured on the job, whether
they're hurt on the workplace premises or elsewhere, or in auto
accidents while on business. It also covers work-related illnesses.
Workers compensation provides payments to injured workers, without
regard to who was at fault in the accident, for time lost from work and
for medical and rehabilitation services. It also provides death benefits
to surviving spouses and dependents.
Each state has different laws governing the amount and duration of lost
income benefits, the provision of medical and rehabilitation services
and how the system is administered. For example, in most states there
are regulations that cover whether the worker or employer can choose the
doctor who treats the injuries and how disputes about benefits are
resolved.
Workers compensation insurance must be bought as a separate policy.
Although in-home business and business owners policies (BOP's) are sold
as package policies, they don't include coverage for workers' injuries.
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