Small Business Insurance in Michigan

This type of Michigan business insurance helps protect your company if an employee is injured, contracts an illness, or dies as a result of an incident on the job. It can cover medical costs, legal fees, and lost wages due to the injury. We offer tailored workers’ comp in Michigan to suit your business.

Also known as commercial liability insurance, a general liability policy is a vital type of small business liability insurance in Michigan. It covers damages and legal costs associated with injury claims by customers and other people you don't employ (slip-and-fall accidents at your location are a good example), damage to other people's property that was caused by your business, and medical costs associated with these incidents. It also covers libel, slander, and copyright infringement. Plus, there are endorsements you can add to customize your policy, including cyber, hired and non-owned auto liability, employment-related practices liability, and employee benefits liability.

Also called property & liability insurance, a business owners policy (BOP) combines general liability insurance (for things like non-employee injuries and customer property damage) with coverage for your company’s property. You'll get protection for the building you own, space you lease, and any property needed to run your business, while also receiving coverage for things like business interruption. This can replace lost income, as well as cover other costs associated with getting your business back up and running after suffering property damage, such as the use of a temporary location. So, if your building is damaged by a severe storm, related expenses may be covered. You can also tailor your BOP with add-ons including cyber, hired and non-owned auto liability, employment-related practices liability, and employee benefits liability.

Also known as errors and omissions (E&O) insurance, this type of business liability insurance that many Michigan companies need could protect you from the cost of damages and legal fees if someone claims your professional service caused financial harm to them or their business. Coverage includes both mistakes on the part of your business (errors) and the failure to perform a service (omissions). For instance, if you’re an accountant and your calculation error hurts your client financially and causes them to sue, you may be protected. Professional liability insurance should be considered if your business provides professional advice, offers a professional service, or has contractual requirements for the coverage.

If your company owns or leases vehicles, this policy protects your business. This type of Michigan business insurance can provide coverage for your legal fees and the medical costs of others if your employee is at fault in an accident. It can cover the cost of damages even if the vehicle is used for personal activities outside of its primary business use.

You can buy this coverage as an add-on to a general liability, professional liability, or BOP policy. It helps pay costs related to system hacks or data security breaches where a hacker steals sensitive information and uses it to commit fraud or is likely to.

Every type of Michigan liability insurance for small businesses has a maximum value that it will cover in the event of an incident. Umbrella insurance adds another layer of protection, as it can cover costs that exceed the limit of another biBerk liability policy, subject to its own limit. Without it, you may be responsible for anything over your policy limit. Business liability suits can easily exceed the actual value of many small businesses, so we highly recommend an umbrella policy to protect your company.