Reading: Michigan Business Insurance
Michigan businesses that offer professional services should consider this coverage. It protects businesses from claims of professional negligence, both actual or alleged, and helps pay for defense costs. It ’ sulfur besides known as errors and omissions indemnity ( E & O ). A BOP combines property and liability coverage into one easy-to-manage policy. It ’ s a capital option for small to medium-sized businesses that rent or own commercial place such as a shopfront, warehouse or office build. Michigan law requires most businesses with employees to carry workers ’ comprehensive examination. It helps pay for expenses related to employees becoming injured or ill while working for you. Find out if you ’ re required to have coverage in Michigan. This coverage protects against damage to your vehicles and trailers, angstrom well as injuries or property damage related to their use. Your personal car policy doesn ’ thyroxine cover vehicles while they ’ re being used for occupation reasons. This is the most common commercial enterprise indemnity coverage and about all businesses in Michigan should have it. It protects against third-party bodily injury and property damage, a well as personal and advertising injury .
Michigan business insurance cost
The cost of a Michigan business policy policy depends largely on your profession. Businesses are typically rated on the exposures that are alone to their industry. For exercise, a roofing contractor can expect to pay more for coverage because their speculate is physical and requires working high off the ground .
other factors that affect your price include your coverage needs, business size and location. For case, a business located in Detroit can expect a different rate than one located in Grand Rapids, or a business that has employees might pay more than a business that doesn ’ deoxythymidine monophosphate.
Michigan business insurance requirements
business indemnity international relations and security network ’ deoxythymidine monophosphate required by Michigan state of matter police except for workers ’ compensation. private employers are required to have coverage if they have one or more employees who work more than 35 hours per week, or if they regularly use three or more employees at one time .
other criteria exist for agrarian, domestic and populace employers. Learn more about workers ’ recompense in Michigan and find out if it ’ mho mandatary for your occupation .
While Michigan doesn ’ thymine require early commercial enterprise coverages, such as general liability and professional liability, many employers and prospective clients do. Their contracts much specify the types and amounts of coverage you need before you can begin working with them .
Michigan professions we insure
We help minor commercial enterprise owners from a wide variety show of industries, including these common professions :
Browse more examples of professions we insure .
Why choose Progressive?
Options – We can help you guarantee coverage at any stage of your business ’ randomness exploitation with the flexibility to adjust your policy as your commercial enterprise changes. Our agents will work with you to make sure you ’ re getting security that meets both your needs and budget .
Experts – As the # 1 commercial Auto Insurer in America*, you can trust us with all your business policy needs. Our team of particularly trained, in-house agents can assist you every step of the manner to make sure you ’ re getting the best coverage for your business.
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Convenience – There are several ways to get a quote whether you need a single Michigan policy or a combination of business insurance coverages. Simply start a quote on-line or call us to speak with an agent .
Business insurance for all Michigan cities
We can customize occupation indemnity in all Michigan cities, including, but not specify to :
- Grand Rapids
- Sterling Heights
- Ann Arbor
*No. 1 commercial car insurance company from SNL Financial ’ sulfur 2019 national written bounty data .