Learn about business insurance requirements and the most common policies for architects in Ohio.
If you have a commercial lease, your property manager may require you to purchase general liability insurance. Commonly purchased by architects in Ohio, general liability insurance can protect your business from expenses associated with common mishaps, such as client property damage and injuries.
Your clients may require professional liability insurance in a contract. Also called errors and omissions insurance (E&O), professional liability insurance provides protection if a client files a lawsuit claiming your work caused financial harm because it was late, erroneous, or incomplete.
State law in Ohio requires every small business with employees to purchase workers’ compensation insurance through a state agency. This policy covers medical bills for work injuries and partial missed wages during recovery.
Business-owned vehicles must be covered by commercial auto insurance. Personal vehicles used for business purposes should have commercial coverage, as well.
Architects in Ohio most often need the following insurance policies. The specifics depend on client contracts, lease agreements, the number of employees, and other factors.
General liability insurance is the foundation of an architect’s business protection, with coverage that extends to client injuries, client property damage, and advertising injuries. Most commercial leases require you to have this coverage.
Many clients require proof of professional liability insurance before entering into contracts for professional services. This policy, also called errors and omissions insurance or architect liability insurance, can help cover legal expenses if you’re sued for unsatisfactory performance or a work mistake.
Ohio requires all employers to carry this policy, even if they only have one employee. If an employee is injured on the job, workers’ compensation coverage can help pay for medical fees and lost wages. In Ohio, you can only purchase workers' comp through the Ohio Bureau of Workers' Compensation.
Architects who work independently can choose whether or not to purchase workers' compensation. Workers' comp is recommended even for sole proprietors, as health insurance companies can deny claims for injuries related to your work.
Architects who store sensitive customer information, such as email addresses or credit card numbers, should invest in cyber liability insurance. This policy helps businesses recover from cyberattacks and data breaches. For example, it would cover the cost of notifying affected customers and providing them with fraud monitoring services after a breach.
Commercial auto insurance can cover vehicles your business owns or uses for business purposes. If your vehicle is involved in an accident, this policy can cover your liability for another person's bodily injuries and property damage. It can also pay for vehicle theft, weather damage, and vandalism.
Vehicles in Ohio must be covered by a minimum of:
Architects might need a license or permit bond to obtain a license in their state or work on a project. These bonds are types of surety bonds that guarantee you will fulfill the terms of a contract and adhere to local regulations. The contract will usually specify the size of the bond that you need.
To get licensed in Ohio, architects must pass an exam, submit an application, and meet requirements for education and experience.
The cost of architect insurance in Ohio runs higher than the national median, according to an analysis of Insureon applications.
In Ohio, professional liability insurance for architects is $1,760 a year (about $145 per month), not much more than the national median. However, architects in Ohio can expect to pay a little over $700 annually for general liability insurance and more than $1,600 for a BOP – rates much higher than the national median.
It's worth keeping in mind that the cost of a BOP depends on the value of your business property. Architects with smaller, low-risk businesses generally pay less for commercial insurance.
Insureon’s industry-leading technology helps architects in Ohio save time and money shopping for insurance by comparing policies from top U.S. carriers. Start a free online application to review quotes for the policies that best fit your business. Our insurance agents are licensed in Ohio and can answer your questions as you consider coverage.
To make the application go quicker, have this information ready:
Apply for free architect insurance quotes today.