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Small Business Insurance in Michigan
Nearly two-thirds of Michigan business owners believe that The Mitten State has a positive business climate.1 It’s clear that small businesses play a significant role in Michigan’s economic landscape. about two-thirds of Michigan business owners believe that The Mitten State has a plus business climate.It ’ s clean that small businesses play a significant character in Michigan ’ s economic landscape .
Over 886,500 small businesses call the Great Lake State home.2 These companies make up closely all Michigan businesses and employ 1.9 million employees in the state.3
We know running a small business is hard function. That ’ second why business insurance is crucial. We ’ ve been providing business policy in Michigan for over 80 years. You can help protect your company with business insurance coverages from The Hartford .
Types of Small Business Insurance Offered in Michigan
Business Liability Insurance in Michigan
General liability insurance is one of the most important insurance policies Michigan business owners can have. It helps protect your business from claims that it caused bodily injury or property damage and other risks that can come up during normal business operations. This coverage is also known as business liability insurance and commercial general liability insurance.
Business liability insurance in Michigan can help you if your: commercial enterprise liability policy in Michigan can help you if your :
- Employee accidentally puts a hole in a client’s house in Grand Rapids.
- Customer slips and falls in your Detroit business and sues you to cover their medical bills.
- Rented business equipment gets damaged from a fire in Lansing.
Commercial Auto Insurance in Michigan
If your commercial enterprise has owned, rented or lease cars, having Michigan commercial car policy is a good idea. commercial car insurance helps protect you and your employees on the road if you ’ rhenium drive business vehicles for work. It generally includes bodily wound indebtedness and property price liability coverages .
commercial car coverage can help protect your commercial enterprise if your :
- Employee accidentally swerves off the road in Howell and crashes into a light post, causing damage to public property.
- Delivery person crashes a commercial vehicle in Traverse City and damages another person’s car.
- Maintenance person loses control of their company car and hits a telephone pole.
Michigan Data Breach Insurance
Data breach indemnity helps your Michigan business answer to a breach if personally identifiable information gets lost or stolen. Some insurance companies refer to this coverage as cyber liability policy
If your business suffers a rupture, this indemnity can help pay your costs to :
- Notify affected individuals.
- Create a public relations campaign to improve your business’ reputation.
- Offer credit monitoring services.
Data transgress insurance is a full mind to have if your Michigan commercial enterprise :
- Keeps sensitive and confidential customer information, like credit card information, Social Security numbers and bank account details.
- Uses software to store personally identifiable information.
- Has a network where private information and data about your clients, vendors or workers are stored by employees.
Michigan Business Income Insurance
If the unexpected happens, you may not be able to operate your Michigan small clientele, which can have a annihilative effect on your ship’s company. Michigan business income indemnity can help replace your business ’ lost income if you can ’ triiodothyronine operate because of cover place damage .
- Payroll
- Rent
- Utilities
You may want to get this coverage if your :
Read more: Louisiana Business Insurance
- Howell business relies on an office, computers or other company property to operate.
- Detroit business depends on physical locations, tools or equipment to serve customers.
- Grand Haven company relies on a brick-and-mortar store to sell products and create revenue.
Michigan Professional Liability Insurance
Every business owner tries to operate absolutely, but mistakes can happen. If they do, a customer can sue your clientele if it results in a fiscal loss. Professional indebtedness indemnity can help pay for your Michigan small business ’ legal costs if it gets sued. It helps cover claims of :
- Misrepresentation
- Errors
- Omissions
Professional indebtedness insurance is besides known as errors and omissions ( E & O ) indemnity
Michigan Minimum Business Insurance Requirements
4 This coverage gives benefits to your employees if they get a work-related injury or illness. These benefits can help: The state of Michigan requires employers to provide workers ’ recompense insurance for all employees who work 35 hours or more per week.This coverage gives benefits to your employees if they get a work-related injury or illness. These benefits can help :
- Pay for medical care
- Cover ongoing care bills
- Replace lost wages
Workers ’ compensation policy can besides help protect business owners. If an employee or their family sues you, this policy can help pay your legal costs .
How Much Does Business Insurance in Michigan Cost Per Month?
not all small businesses in Michigan are the same. Each business faces singular risks and has alone indemnity coverage needs. Because of this, occupation policy costs in Michigan vary anywhere from $ 100 to $ 1,000 a year .
Some factors that can affect your indemnity price include :
- Claims history
- How long you’ve been operating
- Policy details, like coverage limits and deductibles
The best room to find out how much business indemnity will cost you is to get a quote
Small Business Insurance in Monroe, Lansing and More
No topic where you are in Michigan, we can help protect your business, working to get you :
- Business insurance in Kalamazoo, MI
- Business insurance in Lansing, MI
- Business insurance in Monroe, MI
- Business insurance in Grand Rapids, MI
- Business insurance in Howell, MI
- Business insurance in Detroit, MI
- Business insurance in Grand Haven, MI
- Business insurance in Traverse City, MI
Get a Business Insurance Quote in Michigan Today
We ’ re an policy company backed by have. We ’ ve helped over 1 million minor clientele owners protect their companies. Our dedicate team of specialists can help you get the right coverage your occupation needs. Get a business policy quote nowadays.
Additional Michigan Business Insurance Links
1 Michigan Economic Development Corporation
