Understanding the complicated world of business insurance coverage can be challenging. If you’re a business owner looking for coverage, we’re here to help answer all your frequently asked questions about business insurance.
What Is Business Insurance?
Business insurance encompasses a broad range of policy options that are designed to keep businesses protected from financial loss. With each business having its own risks, insurance agents can help you find the policy that matches your trade.
What Does Business Insurance Cover?
Business insurance includes a range of coverage options including:
- General Liability
- Professional Liability
- Malpractice Insurance
- Product Liability
- Property Insurance
- Commercial Auto
- Worker’s Compensation
- Loss of Income, and more!
Is Business Insurance Tax-Deductible?
Yes. Business insurance is tax-deductible as long coverage is for the purpose of operating a business or trade.
Is Business Insurance Required by Law?
There are certain forms of business insurance that are required by law, if applicable to your business/situation:
- Unemployment Insurance– Applicable to any business with employees.
- Worker’s Comp– Applicable to businesses with employees.
- Professional Liability– Required by law in the state of Ohio.
Does Business Insurance Cover Lawsuits?
Yes, as long as you have the appropriate policy and enough liability coverage to pay legal costs. An agent can work with you to determine how much liability insurance you need.
At Beck Insurance Agency we serve Defiance, OH, Perrysburg, Swanton, OH, Sylvania, OH, Wauseon, OH, Maumee, and the surrounding areas with quality business insurance coverage. With a legacy of excellence dating back to 1948, we have access to dozens of respected, financially strong insurance carriers that help you protect your business.
Through careful risk assessment, it’s our mission to mitigate your risks as a business owner and ensure that your business is prepared for any perils that come your way. You can’t control life, but you can be prepared for the unknown, and we’re ready to help! Call us today at 877-446-2325.
