What Is Business Insurance?

Central has special programs for light industry, wholesalers, contractors, retailers, offices, service businesses, auto service & repair shops, restaurants and building owners.

Convenient pay plans -- monthly, quarterly, semiannual.

Highly-trained loss control consultants survey your operation
and provide loss control recommendations,
building valuation estimates, and safety training.


To answer this, we must first answer the question, "What is Insurance?" This is how the Ohio Insurance Institute explains it:
"A common misconception about insurance is that it works like a savings account. An individual continues to pay premiums year after year, thinking that premium payments are placed in an account to pay for future losses. This isn't the way insurance works.

In simplest terms, insurance is where many people (with the payment of their policy premiums) share the losses of the few who have a loss. The purpose of insurance is to help pay for losses that you could not afford to pay for on your own. Without insurance, most people could not afford the risk of owning a car, home or business, or pay for medical care."
Insurance designed to address your business needs is typically called Business or Commercial Lines Insurance. It includes the various types of insurance developed for businesses, rather than individuals or families. To learn more about Central's Business Insurance products, please follow the links above.
Click here to send E-Mail to our Webmaster.

Copyright 1996-2008 Central Mutual Insurance Company  ·  Privacy Policy