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INSURANCE

Businesses need insurance of all kinds.  In many cases, paying outright for legal issues is not feasible for businesses.  Therefore, the insurance needed must be customized for each business to meet its needs, dependent on various factors including level of risk.

COMMERCIAL PROPERTY INSURANCE

Am I required to provide Worker's Compensation insurance for employees?


If you have employees, yes. If you do not pay for or do not have Worker's Compensation, your company will be liable dollar-for-dollar for any successful claim for a workplace injury. Learn more here.




What will happen if my worker's compensation insurance policy is used in the course of business?


Generally, the more you use your policy, the more your policy will cost you. Learn more here.




Who administers Worker's Compensation?


In Ohio, the state administers worker's compensation insurance. In Kentucky, businesses must find a private insurance company to administer its policy. Learn more here.





HEALTH INSURANCE

How can I be sure that I have enough liability insurance for my business?


It's best to talk to an agent (one or more) about how to determine the proper amount for liability insurance depending on your industry and the risks that are associated with the work you do. Learn more here.




Will liability insurance protect my business from data/security breaches?


Generally, data breach or cyber security insurance is separate from general liability insurance. If your company is dealing with sensitive customer information and payment types, it would be a good idea to talk to your insurance agent about cyber insurance. Learn more here.





LIABILITY INSURANCE

How can I be sure that I have enough liability insurance for my business?


It's best to talk to an agent (one or more) about how to determine the proper amount for liability insurance depending on your industry and the risks that are associated with the work you do. Learn more here.




Will liability insurance protect my business from data/security breaches?


Generally, data breach or cyber security insurance is separate from general liability insurance. If your company is dealing with sensitive customer information and payment types, it would be a good idea to talk to your insurance agent about cyber insurance. Learn more here.





OTHER TYPES OF INSURANCE COVERAGE

What is key man (key person) insurance?


Key person insurance is simply life insurance on the key person in a business. In a small business, this is usually the owner, the founders or perhaps a key employee or two. Learn more here.




Is key man insurance necessary?


Key people are the people who are crucial to a business--the ones whose absence would sink the company. You should need to consider key person insurance on those people if their presence is important to the life of the business. Learn more here.




What is EPLI Insurance?


EPLI insurance is Employment Practices Liability insurance. If your company is not deep pocketed, EPLI insurance can help your business afford legal representation in the even that a lawsuit arises for discrimination, harassment, wrongful termination, or other emplpyment-related issues. Learn more here.





WORKER'S COMPENSATION INSURANCE

Am I required to provide Worker's Compensation insurance for employees?


If you have employees, yes. If you do not pay for or do not have Worker's Compensation, your company will be liable dollar-for-dollar for any successful claim for a workplace injury. Learn more here.




What will happen if my worker's compensation insurance policy is used in the course of business?


Generally, the more you use your policy, the more your policy will cost you. Learn more here.




Who administers Worker's Compensation?


In Ohio, the state administers worker's compensation insurance. In Kentucky, businesses must find a private insurance company to administer its policy. Learn more here.





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