Ohio Business Insurance
Customized protection for your Ohio business
Ohio business owners should consider several types of business insurance to guard against a variety of work-related accidents. Customer slips, property damage and employee injury are a few of the many incidents that can result in debts that can put the financial welfare of a business at risk.
There are over 989,000 small businesses in Ohio that account for 99.6% of all businesses in the state, according to the Small Business Administration (SBA). Each should have adequate business insurance to protect their livelihood, cash flow and assets.
Shop for general liability, a business owners policy (BOP), professional liability and more through the Progressive Advantage® Business Program. We’ll help you customize an Ohio policy that meets your unique needs.
Types of OH business insurance
How much does business insurance cost in Ohio?
The cost of business insurance in Ohio depends on a variety of factors, including a business’s industry, size, coverage needs and location. For example, a business located in Columbus can expect a different rate than one in Akron, and a business that has employees will likely pay more than one that doesn’t.
The most influential factor is the level of risk associated with the type of work that’s done. Businesses like roofers and tree trimmers are considered high-risk because their work is complex and requires working high off the ground. These kinds of professions can expect to pay more due to their increased exposure.
Learn more about the factors that influence business insurance rates. You can also get a quote online to find out what you’ll pay for your unique situation.
Ohio business insurance requirements
Ohio law requires all businesses with employees to carry workers’ compensation insurance. Business owners have the option of self-insuring or buying coverage directly through the state’s insurance fund. Unlike most other states, Ohio’s unique laws prohibit businesses from purchasing coverage through private insurance carriers. Learn more about workers' comp insurance in monopolistic states.
Other insurance coverages, like general liability, BOP and professional liability, aren’t required by state law, but you should consider them to protect your livelihood from unexpected accidents. It’s common for clients and landlords to require you to have certain business coverages and limits before you can begin working with them.
Resources for Ohio small business owners:
Ohio professions we insure
We help small business owners from a wide variety of industries, including these common professions:
Browse more examples of professions we insure.
Why choose Progressive?
Business insurance for all Ohio cities
We can customize business insurance in all Ohio cities, including, but not limited to:
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