Category: Commercial Insurance

Commercial insurance is a necessity for business owners in Gahanna, OH. At Schneider Insurance Agency, we can insure your business and protect your company’s finances.

The following are four of the most common mistakes business owners make regarding commercial insurance. 

Assuming that you don’t need cybersecurity insurance on your policy

Cybersecurity insurance is a type of commercial insurance that is easy to overlook. However, it also can be a highly valuable type of coverage.

If your company has any sensitive information stored online or on a computer network, investing in cybersecurity insurance is a good idea. 

Thinking that your business is too small to need insurance

Don’t make the mistake of neglecting to invest in commercial insurance because you think that your business is too small to need it. Businesses of all sizes can benefit from commercial insurance coverage. 

Being unfamiliar with laws in your state that impact commercial insurance requirements

Commercial insurance is required by law in many circumstances. You need to make sure that you’re meeting any legal obligations your company faces with the commercial insurance you carry.

You may be required to carry workers’ compensation and commercial auto insurance if you employ staff and use vehicles for business operations. 

Never updating your commercial insurance policy

You need to adapt your commercial insurance policy to your business’s needs. These needs won’t stay the same indefinitely. Update your policy periodically to make sure that you have the coverage you need despite changes and growth at your company. 

Reach Out To Us

If you are a business owner in Gahanna, OH, you need commercial insurance. We can insure your business at Schneider Insurance Agency. Contact us by phone or online so that you can learn more about our policy offerings. 

Are you a small business owner and thinking about investing in commercial business insurance? Don’t let the size of your business keep you from making a sound financial investment to protect your company. 

Many small business owners make the mistake of thinking that they can’t afford (or don’t need) commercial insurance. Schneider Insurance Agency debunks five common myths about commercial insurance for small business owners in Gahanna, OH.

5 Myths About Commercial Insurance

Myth #1. Small businesses don’t need commercial insurance. 

The size of your business doesn’t prevent it from facing the same challenges as mega-sized corporations when it comes to property damage, data loss, or data theft from cyberattacks. 

Myth #2. My business insurance covers all types of liability, so I don’t need it. 

While standard business insurance may cover certain liability costs, this general insurance may not be what you need. 

Myth #3. Having worker’s compensation insurance is optional. 

Most employers in Ohio are required to have adequate worker’s compensation insurance. This mutually beneficial protection helps replace lost wages and pay medical expenses for employees who are injured on the job. 

Myth #4. I can’t afford to buy commercial insurance.

Ohio commercial insurance is surprisingly affordable when you have the right rate or even bundle your commercial insurance. 

Schneider Insurance Agency in Gahanna, OH can help you find the best commercial insurance policy to protect your business. 

Myth #5. My auto insurance policy is enough to cover my business fleet. 

If you own and operate a fleet of trucks, cargo vans, and other commercial vehicles, your personal auto insurance policy doesn’t offer enough insurance to cover them. 

Get Commercial Insurance in Ohio 

Are you a small business owner looking for commercial insurance in Gahanna, OH? Contact Schneider Insurance Agency to get a commercial insurance quote and protect your business operations today! 

When it comes to purchasing commercial insurance, it can be difficult to determine exactly how much coverage you need. That’s why it’s important to take the time to research your options and understand the different types of policies that are available. At Schneider Insurance Agency, we want to make sure everyone in the Gahanna, OH area has the coverage they need.

How much commercial insurance do I need?

There are several factors that should be taken into account when deciding how much insurance to purchase, including the size of your business, the type of industry you operate in, and any potential risks associated with your operations.

For smaller businesses, it may be enough to invest in general liability coverage which provides protection against most third-party claims such as bodily injury or property damage caused by business operations. For larger businesses, a more comprehensive commercial policy may be necessary which includes multiple types of protection such as property damage and product liability. It is also important to consider additional coverage for unique risks that could pose a financial burden if an incident were to occur at your place of business.

Ultimately, each business is unique, and the amount of commercial insurance needed varies greatly depending on the industry, size, and risk management strategies already implemented. It is recommended that business owners speak with an experienced agent who understands their individual situation in order to obtain tailored advice about the appropriate level of protection for their needs.

Contact Us Today

If you have any additional questions or want to explore getting a policy that will provide coverage for your business, give us at Schneider Insurance Agency a call today. We proudly serve the Gahanna, OH area and are happy to help you with all your insurance needs.

Small businesses are the backbone of the American economy. They create jobs, drive innovation, and support local communities. But too often, small business owners make mistakes when it comes to their insurance coverage. Schneider Insurance Agency in Gahanna, OH can help you navigate this important coverage.

Here are five of the most common mistakes small businesses make – and how to avoid them:

1. Not Shopping Around for the Best Rate

When it comes to insurance, small business owners often think they have to accept the first quote they receive. But that’s not the case. It’s important to shop around for the best rate. Get quotes from at least three different insurers and compare their rates, coverage, and terms.

2. Not Reviewing Their Policy Regularly

Your business is constantly changing and evolving. That’s why it’s important to review your insurance policy regularly. Make sure your coverage still meets your needs. If not, make changes to your policy or shop for a new one.

3. Not Getting Enough Coverage

Many small businesses make the mistake of not getting enough coverage. They often think they can’t afford it or that their business is too small to need it. But that’s not true. Every business, no matter its size, needs adequate insurance coverage. Make sure you have enough to protect your business in the event of a disaster or lawsuit.

4. Not Understanding Their Policy

Many small business owners don’t take the time to understand their insurance policies. They just accept whatever coverage their broker recommends. But it’s important to know exactly what your policy covers and doesn’t cover. Ask your broker or insurer for clarification if you don’t understand something.

5. Putting off Buying Insurance Until It’s Too Late

Some small business owners think they can put off buying insurance until their business is more established. But that’s a mistake. You never know when an accident or disaster will strike. It’s important to have adequate insurance coverage from the start.

Get Commercial Insurance Today

Avoid these mistakes, and you’ll be on your way to getting the right insurance coverage for your small business. Schneider Insurance Agency in Gahanna, OH can help you find the right policy for your business. Contact us today for a free quote!