How to Get Affordable Industrial Property Insurance in Ohio
- Nate Jones, CPCU, ARM, CLCS, AU
- Oct 14
- 2 min read
Owning an industrial property in Ohio—whether it’s a warehouse in Columbus or a manufacturing facility in Toledo—requires more than just operational oversight. It demands smart risk management, starting with the right insurance coverage.
Here’s how to get affordable industrial property insurance in Ohio without compromising protection.
1. Understand What Industrial Property Insurance Covers
Industrial property insurance protects your physical assets from damage, theft, and liability. Key coverages include:
Covers buildings, machinery, and inventory from fire, vandalism, and storms.
Business Interruption:
Reimburses lost income if operations are halted due to a covered event.
Protects against third-party injury or property damage claims.
Equipment Breakdown:
Covers repair or replacement of essential machinery.
Pollution Liability (optional):
For facilities handling hazardous materials.
2. Factors That Affect Insurance Costs in Ohio
Location: Properties in flood-prone or high-crime areas may cost more.
Building Age & Condition: Older buildings with outdated systems often carry higher premiums.
Claims History: A clean record can reduce your rates.
Safety Features: Installing fire suppression systems, alarms, and surveillance can lead to discounts.
Industry Type: Manufacturing facilities may pay more than storage warehouses due to higher operational risks.
3. Tips to Lower Your Premium
Bundle Policies: Combine property, liability, and equipment coverage under one plan.
Increase Your Deductible: Higher deductibles can reduce monthly premiums.
Regular Maintenance: Documented upkeep shows insurers you’re proactive about risk.
Shop Around: Compare quotes from multiple providers to find the best rate.
Work with a Specialist: Agencies like Wexford Insurance tailor coverage to your property type and budget.
Final Thoughts
Industrial property insurance is a must-have for Ohio business owners. From protecting your building and equipment to covering liability claims, the right policy ensures your operations stay resilient—even when the unexpected happens.
Wexford Insurance is your trusted partner for commercial property insurance in Ohio. We offer customized coverage for industrial facilities, warehouses, and manufacturing plants—designed to meet your budget and risk profile. Contact today!
FAQs
1. What’s the average cost of industrial property insurance in Ohio?
Premiums typically range from $1,200 to $6,000 annually, depending on location, building size, and risk factors.
2. Is flood insurance included in standard policies?
No. Flood coverage must be purchased separately through private insurers or the NFIP.
3. Can I insure multiple industrial properties under one policy?
Yes. Wexford Insurance offers umbrella policies for multi-location portfolios.
