Business Insurance Requirements for Architects in Ohio

From Cincinnati's growing Main Street Historic District to ongoing projects to revitalize urban landscapes in Cleveland, opportunities for architects abound in Ohio. Perhaps that’s why Ohio is home to more than 2,600 architects, according to the Bureau of Labor Statistics. However, no matter where in Ohio you locate your practice, architect insurance is essential to protect your firm and your future.

Ohio state law requires employers to carry workers’ compensation insurance in case employees are injured on the job. You also need professional liability insurance to cover oversights or errors in your work. Most clients require proof of this coverage before they sign contracts. If you lease commercial office space for your firm, your landlord will often request proof of general liability insurance to cover visitor injuries on the premises. To protect you while you drive to work sites and client meetings, you may need commercial auto insurance.

Insureon makes shopping for insurance easy with industry-leading technology that gathers quotes from top U.S. carriers that fit your needs. Read on to learn more about the most common insurance policies for architects in Ohio as well as their costs, or simply start an application to get your free quotes today.

Find the right insurance policy for your architecture firm

The most common policies for architects in Ohio depend on a variety of factors, including business structure, revenue, client contracts, and partnerships. The table below illustrates which policies might work best for your business type.

 

Business type General liability / BOP Professional liability Workers' comp Commercial auto
Sole proprietor X X   X
Partner X X   X
Contractor / freelancer X X   X
Employer X X X X

 

General liability insurance: General liability insurance is the foundation of an architect’s business protection. Coverage extends to bodily injury, client property damage, advertising injury, and the cost of legal defense. Most commercial leases require you to have this coverage.

Professional liability insurance: Many clients require proof of professional liability insurance before entering 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 work or a business discrepancy. If you work in a partnership with another architect or firm, make sure that your professional liability policy provides joint venture coverage. It can make sure each member is protected if the venture is sued.

Business owner's policy (BOP): Architects usually qualify for a business owner’s policy. This package helps your business save money by bundling commercial property insurance with general liability at an affordable rate.

Commercial auto insurance: 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 the other person's bodily injuries and property damage. It can also pay to repair your car when it is damaged by theft, weather events, or vandalism.

Ohio workers' compensation insurance: 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 can help pay for medical fees and lost wages. In Ohio, you can only purchase workers' comp through the Ohio Bureau of Workers' Compensation.

Although work injuries are relatively infrequent for architects, injuries can happen, especially on work sites. Architects’ work-related injuries are most often caused by overexertion; getting struck by objects; and falls, slips, and trips, according to the Bureau of Labor Statistics.

Most Common Workplace Injuries: Architects in the U.S.

Business insurance costs for architects in Ohio

The cost of architect insurance in Ohio is slightly higher than the national median, according to an analysis of Insureon applications.

In Ohio, professional liability insurance for architects is $3,784 a year (about $315 per month) versus the national median of $3,205 (about $267 per month). But considering architects usually need this policy to work with clients, it’s an investment in the future of your firm. It’s also worth noting that the cost of general liability insurance is comparable to the national median: $706 versus $660.

Median Insurance Costs for Ohio Architects

Save time and money with Insureon

Insureon’s industry-leading technology helps Ohio architects save time and money shopping for insurance by comparing policies from dozens of top U.S. carriers. Apply online and review quotes for the policies that best fit your business needs. Our insurance specialists are licensed in Ohio and can answer your questions as you consider coverage.

To make the application go even quicker, have this information ready:

  • Workforce details, such as the number and types of employees.
  • Current and projected revenue.
  • Business partnerships.
  • Insurance history and prior claims.
  • Commercial lease insurance requirements.

Apply for free architect insurance quotes today.