Commercial Insurance
Business is complicated and filled with all types of risks. We understand that your choice of commercial insurance coverage impacts not only the financial stability but also the future growth and sustainability of your business. Ohnward’s knowledgeable staff will help you tailor commercial coverage programs to your company’s specific needs and goals.
Coverages May Include But Not Be Limited To:
- Property
- Business Personal Property / Inventory
- Liability
- Commercial Auto
- Workers Compensation
- Inland Marine / Equipment
- Business Income
- Crime
- Employment Practices Insurance
- Cyber
Workers' Compensation
In Iowa, the law requires all businesses that have any number of employees, even one part-time employee, to have a workers' compensation policy for them. This insurance policy will pay for the medical bills and lost wages of employees injured on the job or who become sick from working there. This keeps your business from having to come up with all of that money in the event of an accident or other incident. It also helps employees, as there will be funds available if they have an injury or get sick.
Commercial Auto
A commercial auto policy is required for all vehicles that are owned by businesses in the state. This policy has to have at least the required minimum payout for one person who gets injured in a vehicle accident and another for two or more injured people. It also has a set minimum amount for property damage liability. All of these amounts required in Iowa are quite low when compared to the rest of the states. It can be a good idea to add some coverage to these minimums to give yourself better financial protection if you cause an accident.
Get Your Commercial Insurance Policies
In addition to the required commercial policies, several other policies can help business owners be better protected. If you need commercial insurance, call us now at Ohnward Insurance Group to find out more.
While our offices are located in Iowa, we serve both the states of Iowa and Illinois.
