Learn about business insurance requirements and the most common policies for nurses in Ohio.
If you have a commercial lease, your property manager may require you to purchase general liability insurance. Commonly purchased by nurses in Ohio, general liability insurance can protect your business from expenses associated with common mishaps, such as client property damage and injuries.
State law in Ohio requires every small business that has employees to provide workers’ compensation insurance, which covers medical bills for work injuries. It must be purchased through the monopolistic state fund.
The most common policies for nurses in Ohio vary depending on revenue, client contracts, partnerships, and other factors.
General liability insurance is the foundation of a nurse’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.
Also called malpractice insurance, professional liability insurance for nurses protects against claims that your work caused harm. That could include accidentally administering the wrong medication, or a baseless claim that you mistreated a patient.
Businesses in Ohio that hire employees are required to carry workers’ compensation coverage. Workers’ compensation insurance can only be purchased through the Ohio Bureau of Workers’ Compensation; it is not available through private insurers.
If you are a sole proprietor, the coverage is optional. However, if you slip and break an arm in your office, or injure your back lifting a patient, you can turn to your workers’ comp policy to help pay your medical bills and lost wages.
According to an analysis of Insureon applications, the typical nurse in Ohio can expect to pay premiums similar to the national median. For example, the median annual cost of general liability insurance for a nurse in the state and nationwide is just under $450.
Insureon’s industry-leading technology helps nurses 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 insurance quotes for nurses today.