Commercial insurance is an important type of protection for businesses and is something that your Parma, OH company needs to be safe. We at Capretta Insurance Agency can help you identify an option that works for you and create coverage that protects you as much as possible.

What Does Commercial Insurance Cover?

Commercial or business insurance protects companies from various risks that may affect their bottom line and even cause them to close. These include property damage, theft, serious lawsuits, and even customer or worker injuries. Coverage types include:

• General liability policies that cover injuries or property damage by non-employees
• Business owner policies that protect against basic risks and damage to your property
• Commercial auto coverage that covers your company’s vehicles
• Errors and omission insurance to cover missed deadlines, work errors, or other mistakes
• Cyber liability protection to manage financial problems caused by data breaches
• Workers’ compensation policies that pay for medical bills to treat worker injuries
• Umbrella insurance provides more comprehensive liability protection

Identifying a suitable insurance policy requires examining your business needs, your financial responsibility, and what kind of issues may affect you. For example, businesses with many vehicles likely need auto coverage to keep their vehicles protected from damage concerns.

You may also need umbrella insurance if an error by your company is likely to cause a large lawsuit that a traditional liability policy wouldn’t fully cover. Talking with your insurance agent will make this process simpler and give you a better understanding of what your policy covers.

We Can Help You!

At Capretta Insurance Agency, we can help Parma, OH business owners find a commercial insurance policy that makes sense for their needs. Contact us now to learn more about our coverage options and to see what we can do for you and your unique business needs.

Capretta Insurance Agency serves the Parma, OH community and surrounding areas. We strive to help our clients find policies that cover them while they navigate life’s risks. We recognize that every client has unique needs. We offer custom policies so that our clients are protected in any situation.

Commercial Insurance Basics

The Parma, OH community thrives based on the success of small businesses. As a business owner in the community, you have to juggle several tasks at once. Things can be overwhelming. Commercial insurance offers a safety net. All of your property is covered if something happens. Perhaps your inventory is stolen, or your property is damaged in a fire. Property insurance will help you repair and replace the lost items. If your property is damaged in a fire, you can add business interruption coverage, which allows your business to continue functioning while the repairs to your building are made.

Liability coverage is important as well. Liability coverage protects your business if one of your customers suffers an injury while on the premises. You are also protected if a customer alleges that your products caused them harm. Consider adding professional liability insurance. Professional liability insurance covers your business if one of your employees makes a serious error while performing a task. Workers’ compensation is important. You rely on your employees to help your business thrive at the highest level. Worker’s compensation covers you if there is an injury in the workplace. The policy covers your employee’s treatment and rehabilitation, and you protect your business from potential legal action. Having a strong worker’s compensation policy can help you attract some top talent on the market.

Capretta Insurance Agency Will Help You Cover Your Assets

Visit our website to learn more information about commercial insurance.

We all start learning a language one word at a time, from folks in Parma, OH to the other side of the world. At Capretta Insurance Agency, we understand that the jargon can be overwhelming, but understanding the basics is important for getting the most value out of your money. If you’re starting a new business or looking to change your coverage, picking up these terms will help get you started.

Policy

The insurance policy outlines all the details of your insurance coverage.

Covered Perils or Causes of Damage

When you see a reference to a covered peril or cause of damage, it’s related to the type of incident the insurance will cover. Commercial insurance lists its perils in an inclusive manner, meaning that only causes mentioned in the policy are covered.

Commercial Property

Your office building, the business personal property, and the personal property of others are referred to as commercial property.

Business Personal Property

Anything belonging to your business, from a flashlight to the lights in the lobby, is the business’s personal property.

Personal Property of Others

Anything in your care belonging to another company or person is considered the personal property of others.

Commercial Auto Insurance

Like homeowners’ and auto insurance, commercial liability insurance and commercial auto insurance are two separate coverage policies. If your business has a workplace vehicle, you’ll need commercial auto coverage.

Claim

A claim is the process of reporting an incident to your insurance provider and seeing if they will pay for the damages.

Liability Limit

This is the maximum amount the policy will pay if they decide that your claim meets the terms of your policy.

Premium

The premium is your regularly occurring cost for having the policy in effect.

Agent

An insurance agent is someone who knows insurance and can help you find a provider that meets your needs, like us here at Capretta Insurance Agency in Parma, OH.

Benjamin Franklin was the true father of insurance. Even back in his time, he noticed that people were suing people too often for damages to their person or property. So he decided to create a way for the people who were healthy or uninjured to help those who needed it when they were injured or sick using the insurance system. This prevents thousands of lawsuits and dropped the number of legal actions to almost nothing overnight.

Since then, millions of people have been served by insurance that protects their families, cars, homes, and other important possessions. Insurance is the seatbelt you have but hope you will never have to use it.

Business Owners Beware

If you are a business owner, it’s important that you also protect yourself from lawsuits in your business as well. You’ve invested a lot in your business, including your business properties, reputation, and more. Commercial insurance not only protects all of your investments but also can keep you out of court.

Business owners can sometimes have legal actions taken against them due to alleged negligence. If it is proven that you were negligent, it could result in millions of dollars in damages, depending on the situation and the amount of loss to an individual or customer.

Protect yourself with commercial insurance from the experts at Capretta Insurance Agency in Parma OH. We are your insurance experts who understand the importance of protecting your business and assets. If you are not covered by a business or commercial insurance, you are left open to lawsuits.

Don’t risk it. Visit with the pros at Capretta Insurance Agency in Parma, OH to learn more about how to protect your company and reputation in the event of a lawsuit or complaint. 

Visit us today at Capretta Insurance to get started. Tomorrow could be too late. 

Most Parma, OH business owners know they need commercial insurance to protect their budding enterprise. Many, however, need help in selecting the policy their company needs. If you fall into this category, talk to an agent from Capretta Insurance Agency. We’ll explain your policy options, answer your questions concerning coverage and help you determine the protection best suited to your company’s needs. The following tips can help you make wise choices when selecting a commercial policy.

Determine your Business Risks So You Can Choose Coverage Accordingly

The first step to choosing commercial coverage is assessing the risks your company faces for financial loss, considering its location, industry, and makeup. Then choose the coverage that protects you against these risks so you can recuperate your losses.

Standard commercial policies in Ohio offer property and general liability coverage, which most small businesses need. From there, you can customize your policy by adding cyber liability, product liability, business interruption, workers comp, or commercial auto coverage, depending on the protection your company needs.

Compare Commercial Policies

Next, you’ll want to compare what various insurers have to offer before committing to a policy. You’ll want to review the coverage offered by each policy, study how companies handle claims, and compare premium prices. It would be best if you had the option of tailoring your coverage to meet your company’s specific needs, as this maximizes your protection and reduces premium costs.

Work with a Reputable Insurer

Working with a reputable insurer is key to receiving quality coverage at reasonable costs. You’ll also have fewer problems when it comes to claiming your commercial policy. At Capretta Insurance Agency, we work closely with businesses in our local community to ensure accurate commercial coverage to protect their business interests. Call or visit us in Parma, OH today for all your commercial insurance needs.