Advantage Insurance Network offers multiple types of coverage to Cincinnati, OH residents. We are an independent insurance agency. We believe that working with multiple carriers across the Midwest gives us an advantage over the competition. We sit down with each of our clients and help them assess their options. We provide flexible policies designed to meet the unique needs of our clients.

Potential Liability Issues Ohio Restaurant Owners Should Be Aware Of

Part of Cincinnati, OH’s thriving economy is the emergence of several bars and restaurants in the area. As the owner of a local bar or restaurant, this is an exciting time. However, it is important that you understand the risks associated with opening a bar or restaurant. Bar and restaurant insurance is an asset. You are protected if your property is damaged or your equipment is stolen. Here are a few ways that liability coverage protects your business.

Liquor Liability

As a bar owner, patrons come to your establishment to enjoy a few drinks and have a good time. However, you have to closely monitor the amount of alcohol you serve your customers. If your customers become intoxicated and injure someone or cause property damage, you will be held liable.

Unexpected Hazards

General liability coverage will protect your business if one of your customers is injured due to a slip and fall accident or falling out of a loose chair.

Flammable Accessories

While it is cool to have stylish accessories around the restaurant, you have to be careful. If one of the accessories accidentally catches on fire and hurts someone, you will be held liable.

Employee Injuries

Perhaps one of your employees is injured while performing tasks. Worker’s compensation will protect you from possible legal action.

Advantage Insurance Network Will Help You Protect Your Investment

Visit our website to learn more information about bar and restaurant insurance.

For anyone that is looking for a great career path in the Cincinnati, OH area, becoming a contractor can be a great decision. Those that are contractors will find there is a lot of great work opportunities and plenty of chances to be successful. While you can have a great career as a contractor in this part of Ohio, you also need to make sure your business is properly covered. A contractor’s insurance plan offers several important forms of coverage. 

Coverage for Equipment

One of the most important reasons to have a contractor’s insurance plan is so you can receive coverage for your equipment. A contractor will need to purchase a lot of different tools and other equipment needed to complete their typical job. If they are ever a victim of theft, vandalism, or other forms of damage, the impact can be significant. With a contractor’s insurance plan, you will have the support needed to replace these assets.

Liability Protection

A contractor in Ohio should also get a contractor’s insurance plan to ensure you have liability insurance protection. A contractor will take on liability risks on a regular basis. If they make certain errors or are negligent in any way, they could be found liable for the related damages. This form of coverage can be mitigated with a proper insurance plan as it will include some liability insurance coverage. 

If you are in the Cincinnati, OH area and trying to build your contractor’s business, picking a proper insurance plan is important. If you are looking for a plan here, the Advantage Insurance Network can provide a lot of support. The team with Advantage Insurance Network can help you assess your different needs and options and give the guidance necessary to choose an ideal policy. 

How much flood insurance do I need if I live in a high-risk flood area? 

While flood insurance is only required if your property is located in a high-risk flood area and has a mortgage, it’s essential that you get one even if both conditions don’t apply to you. No one is ever safe from floods, and home insurance doesn’t cover floods in Cincinnati, OH.  If your home is marked as high risk, Advantage Insurance Network recommends buying enough insurance to replace and rebuild your home in case of damage.

Minimum flood insurance required by mortgages

Mortgage companies generally require you to have a specific level of flood insurance to protect your investment. If floods completely destroy the house, and you decide to abandon the home and stop making payments, your mortgage lender will be left behind by a huge loss because they will not know what to do with the damaged property. You will be required to have insurance to cover the cost of property development or simply buy the maximum limit.

Flood insurance for properties in high-risk flood areas

Homeowners and landlords with residential and commercial properties in high-risk flood areas across Cincinnati, OH, can buy flood insurance to protect their investments. While there is no limit, it’s always prudent to have enough coverage to replace your possessions and rebuild your home. Don’t check the value of your home, as this changes frequently. Instead, calculate the cost to rebuild based on the quality of materials used, size of the home, and labor cost in your area. Next, come up with a list of your personal belongings in your home, such as furniture and clothes, and add the amount to the cost of rebuilding. You can use this figure to guide your flood insurance purchase.

Let us help you

Don’t forget to assess your risk levels frequently as it changes with time. If you need more help determining your flood insurance amount, our experts at Advantage Insurance Network can help you through the process. We’re just a call away.