Your business may undergo changes throughout your ownership. These changes may require more insurance coverage. Consider the situations below, as they may indicate that you need to modify your existing commercial insurance policy.

Expansion to a Larger Commercial Facility

If you decide to move your business to a larger facility, you increase the workspace that you are responsible for maintaining. The risk of damage occurring within a larger area may increase. Before your business expands, consider the risks involved with operating from a new commercial facility. Your commercial insurance policy should cover structural materials, technological equipment, inventory, and vehicles.

Liability protection is a type of insurance coverage that will protect you if someone sues you. This coverage will protect against injuries on your business property or inside the commercial facility you own and operate.

Increased Workforce

As time progresses, you may decide to hire more employees. Expanding your workforce comes with additional responsibilities. If you currently have a disability or workers’ compensation coverage, you may want to include your new employees in either insurance plan.

Construction Project

If you plan on modifying your commercial building, the active construction project may require additional insurance protection. Consider the type of equipment that will be used to perform the upgrades. Then, seek insurance protection that will cover you against damage and injuries that occur on your property.

Commercial Insurance Services in Cincinnati!

An agent who serves Cincinnati, OH, can assist you with the upgrades you seek for your commercial insurance policy. Contact one of our Advantage Insurance Network agents to schedule a meeting with them. The agent will review your policy and make recommendations for you.

Business owners use insurance to meet their legal and contractual obligations and cover the business’s risks. As a business owner, you should carry insurance at a level that fits your willingness for risk exposure. However, small business owners often take on unnecessary risks by relying on their personal auto insurance coverage to cover their vehicles, even when used for business purposes. To avoid commercial insurance mistakes, allow our Advantage Insurance Network team, serving Cincinnati, OH, to create a commercial and commercial vehicle insurance plan to meet your business’s needs.

Commercial and Commercial Vehicle Insurance

Small businesses come in many forms and sizes, and your commercial insurance needs will vary based on your business type, whether you have employees, and whether you use motor vehicles when conducting your business.

Business owners widely acquire commercial property, workers’ compensation, general liability, and other strictly business-related coverage. However, many small businesses fail to obtain commercial vehicle insurance despite using motor vehicles for business purposes. While business owners may think their personal insurance policies offer them adequate protection, only a commercial vehicle policy covers vehicles:

• Owned by the company
• Driven for work purposes by you or an employee
• To transport work tools, products, and employees

In addition, personal vehicle insurance often has lower liability limits than those available with commercial vehicle policies, so if you use a vehicle for business purposes, you should obtain commercial vehicle insurance to fully protect yourself and your business.

Working with Advantage Insurance Network

The Advantage Insurance Network proudly serves Cincinnati, OH’s personal and business communities. Our commercial insurance experience allows us to structure policies to protect your business against unforeseen events. Stop in today or call us at (513) 922-9460 to discuss your commercial insurance needs and options.

Get Customized Insurance Coverage for Your Restaurant or Bar

Are you running a restaurant or bar in the greater Cincinnati, OH, area? Pay attention to the unique insurance needs that your business demands. It doesn’t matter if you operate on a large or small scale; every day comes with fresh challenges. To tackle these, Advantage Insurance Network’s Restaurant & Bar insurance policies provide optimal protection.

Alcohol Serving Liability

Serving alcohol heightens the risk and responsibility, both on-premises and away. Our insurance policies provide you with ample liability coverage to handle these potential situations.

Coverage for Extended Customer Dwell Time

Customers usually spend extended periods at restaurants and bars compared to other businesses, thus increasing the risk of claim incidents. Our robust insurance packages are designed to overcome such challenges effectively.

Securing Against Slips and Falls

A significant concern while operating restaurants and bars is the frequent occurrence of slips and falls. Factors like spilled drinks, food on the floor, and dim lighting further elevate these risks. Our policies ensure coverage against such incidents.

Robust Theft Protection

The risk of theft, both internal and external, looms large in the restaurant and bar industry. Advantage Insurance Network’s insurance policies assist in making this threat manageable.

Comprehensive Safety Measures

Dealing with a high number of customer interactions daily, the scope for untoward incidents becomes wider. From employees engaging with customers to kitchen staff managing operations, our plans cover these interactions comprehensively.

Contact Advantage Insurance Network Today!

For comprehensive restaurant and bar insurance in Cincinnati, OH, connect with us at Advantage Insurance Network. Our sophisticated services provide you with the confidence and security to manage your business with minimal worry. Additionally, we also offer income protection coverage. Reach out to us today for a tailored quote.

Invaluable Insurance Coverage for Contractors

For contractors undertaking sizable projects, comprehensive insurance coverage is indispensable. If you’re a contractor in Cincinnati, OH, seeking a substantial protection plan, connecting with Advantage Insurance Network is smart. Our insurance policies are designed to conform to your specific professional needs.

Securing Against Property Damage

Utilizing heavy machinery is inherent in large projects, bringing forth an array of potential risks, including property damage and personal injury. Being sued can have devastating implications for your business. Therefore, an insurance policy with ample liability coverage is of utmost importance. We have your interests covered on this front, insuring you against such compensatory claims.

Rescue From Theft Of Materials

Material theft is sadly commonplace in the contracting business. Ensuring your investment is safeguarded is vital. Our detailed contractors’ insurance policy envelops various domains — from structural materials to specialized ones related to plumbing, electrical, and HVAC. This safeguards your investment against possible theft, offering you considerable peace of mind.

Guarding Against Unpredictable Weather Phenomena

Inclement weather conditions such as floods, snowstorms, and rainstorms can jeopardize the project’s progress and damage your materials. Our insurance policies offer robust coverage to repair or replace any materials damaged due to unforeseen weather calamities.

Additionally, holding an account of the materials you routinely use is crucial. Feeding this information to your insurance agent can considerably affect your quote, helping to formulate a more precise and beneficial policy.

Contact Our Experienced Team Today!

Having acquainted you with some key coverage aspects beneficial as a contractor, it’s time to act. Reach out to an agent representing Advantage Insurance Network in Cincinnati, OH, today. Our professionals are equipped to guide you through the step-by-step process, ensuring you procure the insurance coverage that best resonates with your needs. Our aim is to help you navigate through potential risks and uncertainties, equipping you with a protective shield that secures your business against unpredicted setbacks.

In Cincinnati, OH, businesses face various risks, including the potential for flood damage. Given the city’s location near the Ohio River and its tributaries, flood insurance can be a critical component of a comprehensive business protection plan. Here’s how to get flood insurance if your business is located near water.

Understanding Flood Insurance for Businesses

Flood insurance for businesses is designed to protect commercial property from damage caused by flooding. This includes protection for the building structure, essential equipment, inventory, and sometimes even loss of income due to business interruption. 

Assessing your business’s specific needs is vital in Cincinnati, OH, where flood risks can vary depending on location.

Steps to Acquire Flood Insurance

At Advantage Insurance Network, we can help you find the right coverage for your business. Finding flood insurance is generally done as follows:

• Assess Your Risk: Start by evaluating your business’s location to determine the flood risk level. You’ll want to have an insurance agent help with this step, as it requires looking at FEMA’s flood coverage maps.
• Choose the Right Policy: Business flood insurance is typically available through the National Flood Insurance Program (NFIP) or private insurers. We can help you examine both options and check whether an NFIP policy is available. It’s usually the much more affordable option when available.
• Understand Coverage Limits and Exclusions: One of our agents will ensure you understand what your policy covers and any limitations or exclusions it might have.
• Purchase: Actually purchase the policy. There’s often a brief waiting period before the policy’s coverage goes into effect.

If you don’t have flood insurance for a business property, contact us at Advantage Insurance Network. We’ll work with you to find the right flood policy.

Commercial auto insurance is a must if your business relies on vehicles for daily operations. Let Advantage Insurance Network, serving the greater Cincinnati, OH area, help you to understand this product better.

What Is Commercial Auto Insurance?

Commercial auto insurance is a policy designed for vehicles used primarily for business purposes. It covers a range of vehicles, from company cars and delivery vans to trucks and trailers.

Types of Coverage:

• Liability Coverage: This is the core of commercial auto insurance, covering bodily injury and property damage your business is legally responsible for in an accident.

• Collision Coverage: It covers repairs or replacement of your vehicle if it’s damaged in a collision with another vehicle or object.

• Comprehensive Coverage: This covers non-collision incidents, such as theft, vandalism, or natural disasters.

• Uninsured/Underinsured Motorist Coverage: Protects you if an uninsured or underinsured driver is at fault in an accident involving your business vehicle.

• Medical Payments Coverage: Pays for medical expenses for you and your passengers, regardless of fault.

• Cargo Coverage: If you transport goods, cargo coverage protects against damage or theft of the goods you’re carrying.

Why Is It Necessary?

Commercial auto insurance is necessary because personal auto insurance typically excludes coverage for vehicles used primarily for business purposes. Without the right coverage, your business could face significant financial losses in the event of an accident or vehicle damage.

Navigating the road to commercial auto insurance coverage can be complex, but protecting your business assets and operations is vital. If you want to purchase a new commercial auto insurance policy in the greater Cincinnati, OH region, the team at Advantage Insurance Network would love to help. Call us today for an estimate. 

For our clients who are contractors at Advantage Insurance Network in Cincinnati, OH, we frequently get the question of whether contractor insurance provides liability coverage. Although each policy has different terms, most contractor’s insurance policies have similar benefits. This includes liability coverage in many cases, but we will discuss that in further detail in the article below.

What Is Contractor’s Insurance?

Simply put, contractor’s insurance is a type of insurance policy that tends to the specific needs that contractors may have from an insurance coverage perspective. If you own a construction business, contractor’s insurance is necessary for this industry. After all, you need to prepare for on-the-job injuries, litigation, and damage to the equipment that lets you run your business successfully.

Does the Contractor’s Insurance Provide Liability Coverage?

Every policy might have individualized terms and limits, but that doesn’t mean that you can’t generally expect similar terms to contractor’s insurance policies, no matter where you get your policy. Regarding liability, one of the main things that contractor’s insurance covers is lawsuits and related expenses.

When you have contractor’s insurance, you can rest assured that you will be covered if you are found to be at fault for an accident related to contracting. If this happens, you might be able to use your contractor’s insurance to cover injuries, damage, and more.

Naturally, it is always best to review the specific terms of your policy with a qualified insurance professional at our office so that you are clear about what is covered and what is not covered. 

To answer your questions about liability coverage in contractor’s insurance, our team at Advantage Insurance Network in Cincinnati, OH is only a phone call away, so give us a ring today!