Commercial Package Insurance in Ohio

Commercial package insurance in Ohio is a type of business insurance that helps companies manage their risks. It provides coverage for common exposures, such as property damage, liability, and auto accidents, among others. This type of policy is also known as a “bundled policy” because it combines many different types of coverage into one convenient package.



The main advantage of a commercial package insurance policy is that it allows for an all-encompassing approach to risk management. Instead of purchasing separate policies for each type of coverage, companies can bundle various types of business insurance into one comprehensive policy. This gives businesses the flexibility to customize their coverage to meet their specific needs and budget.

At Bellwether Insurance, we understand that business owners in Ohio need quality insurance coverage. That’s why we offer comprehensive commercial package policies with competitive rates. Our team of experienced agents will help you find the best coverage for your business at an affordable price.

We offer a variety of products and services to meet the needs of businesses in Ohio, including property coverage for buildings and contents, liability coverage, commercial auto insurance, and more. We also offer tailored coverage options to fit your specific industry or business size.



Contact us today to learn more about how we can help you find the right commercial package insurance policy for your business.

Small- to medium-sized businesses are usually the target market for commercial package insurance. However, larger organizations may also benefit from a policy tailored to their specific needs. The following groups are eligible for commercial package insurance in Ohio:

• Retail stores
• Restaurants & bars
• Professional services firms (e.g., accounting, law firms)
• Construction businesses
• Manufacturing companies
• Real estate offices
• Retailers & wholesalers
• Distributors & transportation services
• Non-profit organizations
• Entertainment venues (e.g., movie theaters)
• Medical & health care centers
• Auto repair shops
• Hotels & lodging places
• Tour operators
• Technology companies

Other groups may be eligible as well, depending on their individual needs and risk exposures.

When you purchase a commercial package policy from us, you’ll get access to the following coverages:

• Property coverage for buildings and contents
• Liability coverage, including general, professional, and product liability
• Cyber liability insurance
• Employment practices liability insurance
• Business interruption coverage
• Valuable papers and records coverage
• Crime and fraud protection
• Equipment breakdown coverage

Property Coverage 

Property coverage in a commercial package insurance policy provides protection for buildings, contents, and equipment. This includes coverage for:

• Buildings owned by the business
• Business personal property, such as furniture and fixtures
• Computer equipment, including hardware and software
• Machinery and tools used in your business operations
• Inventory, raw materials, and finished products

Your property coverage may also include protection for losses caused by fire, theft, vandalism, and other perils.

Liability Coverage 

Liability coverage in a commercial package policy provides protection against claims resulting from your business operations. This includes:

• General liability coverage for bodily injury, property damage, and advertising injuries
• Professional liability coverage to protect against claims arising from negligence or errors and omissions
• Product liability coverage to protect against claims resulting from faulty products or services
• Employers’ liability insurance for workplace-related injuries

Your business’s liability coverage may also include protection for defense costs, legal fees, and other expenses related to a lawsuit.

Cyber Liability Insurance 

Cyber liability insurance is an important part of a commercial package policy. It provides protection for your business against the costs associated with data breaches, cyber attacks, and other cyber-related incidents. This includes coverage for:

• Loss or theft of customer data
• Computer fraud or unauthorized use of electronic funds
• Network security liability, including third-party claims
• Business interruption caused by a cyber attack or data breach

Your cyber liability coverage may also include protection for regulatory fines and penalties, as well as public relations expenses.

Employment Practices Liability Insurance 

Employment practices liability insurance provides protection for businesses against claims arising from wrongful termination, discrimination, harassment, and other employment-related issues. This coverage typically includes protection for:

• Defense costs for legal action taken against the business
• Damages awarded to claimants
• Non-monetary remedies such as reinstatement or job promotion

Your employment practices liability coverage may also include protection for certain punitive damages.

Business Interruption Coverage 

Business interruption coverage protection against the costs associated with a business’s inability to operate due to a covered event. This includes coverage for lost income, extra expenses incurred in order to stay in business, and the value of any lost or damaged inventory.

Valuable Papers and Records Coverage 

Valuable papers and records coverage provides protection for your business against the costs associated with a loss of important documents. This includes coverage for:

• Lost or destroyed documents due to theft, fire, or other perils
• Replacement of lost or destroyed records, such as customer and supplier contracts
• Expenses associated with restoring written documents or data from a computer system

You may also be able to add coverage for the costs associated with recovering lost data from damaged hard drives or other media.

Crime Insurance 

Crime insurance provides protection against losses caused by theft, embezzlement, and other criminal acts. This includes coverage for:

• Loss of money due to burglary or robbery
• Loss of valuable items due to theft or vandalism
• Loss of money or securities due to fraudulent activity
• Losses incurred by an employee who has misappropriated funds

Your crime coverage may also include protection for losses resulting from computer fraud, identity theft, and other cyber-related incidents.

Equipment Breakdown Coverage 

Equipment breakdown coverage provides protection for your business against the costs associated with repairing or replacing equipment that has been damaged due to a mechanical or electrical failure. This includes coverage for:

• Cost of repairs and replacement of damaged equipment
• Lost income due to the interruption of services caused by equipment failure
• Extra expenses incurred in order to continue operations while the equipment is being repaired
• Cost of cleaning up hazardous materials released due to an equipment breakdown

Your equipment breakdown coverage may also include protection for damage caused by a power surge.

Commercial Auto Insurance

Your Ohio business needs to comply with the minimum level of liability insurance required by law in order to register and operate vehicles. Commercial auto insurance provides protection for your business against the costs associated with property damage or bodily injury caused by an accident involving a company-owned vehicle. This includes coverage for:

• Damages to another person’s car or property
• Medical expenses associated with an accident
• Legal costs resulting from an accident
• Loss of use of a company-owned vehicle due to an accident

Your commercial auto policy may also include coverage for uninsured or underinsured motorists. This is especially important if your business operates in Ohio, as the state does not require drivers to carry additional liability insurance.

Business owners policies (BOPs) are often a more cost-effective option for small businesses in Ohio than a commercial package policy. A BOP is designed to provide protection for your business’s property, liability, and other operational risks. It typically covers expenses associated with property damage due to weather events, liability claims, and business interruptions.



A commercial package policy may be more appropriate for larger businesses or those that face unique risks. This type of policy typically provides broader coverage than a BOP, including protection against the additional perils covered by specialized policies such as cyber liability insurance and employment practices liability insurance.

When selecting the right commercial package policy for your Ohio business, there are five main steps to consider:

1. Analyze Your Business’s Risks – Make a list of both current and potential risks that could affect your business. This will help you identify which type of coverage is best suited to protect against these risks.
2. Research Different Policies – Speak with an insurance provider to learn more about the different types of coverage available and how they align with your business’s needs.
3. Compare Insurance Companies – Compare quotes from multiple providers in order to find the policy that offers the best value for money.
4. Read the Fine Print – Carefully read through all of the policy documents to ensure you are fully aware of the coverage and exclusions.
5. Consider Additional Protection – Depending on your business’s specific needs, consider investing in additional protection such as cyber liability insurance or equipment breakdown coverage.

By taking these five steps, you can be sure that your Ohio business is adequately protected by a commercial package policy.

If you are looking for the best deals on commercial package insurance in Ohio, then look no further than Bellwether Insurance. We provide customized coverage to meet the needs of every individual business, no matter its size or industry. Our team of expert advisors will work with you to identify the coverage and limits that suit your needs best. Contact us today for more information.