If you are a small business owner in Marshall, MI it’s vital to comprehend the Michigan business requirements. Initiating a small business enterprise in Marshall, MI might be confusing due to impending risks. Nevertheless, procuring magnificent commercial insurance from Great Michigan Insurance will safeguard your profits as your small business is thriving. Opting to operate a business without insurance can culminate in a substantial financial burden. It can expose your business’s future to risk—link with our charismatic agents at Great Michigan Insurance in Marshall, MI today. We customize insurance plans forged to match your small business insurance needs and lifestyle.
Is commercial insurance mandatory in Michigan?
Commercial insurance is not mandatory in Michigan. Nevertheless, the law requires every business venture with employees, seasonal or permanent, to maintain workers’ comp insurance to cater to medical expenses for sustained work-related injuries and general illness. Other beneficial optional coverages for the protection of small businesses in Marshall, MI includes:
General liability coverage: It guards your small business against third-party claims of bodily injury or property damage. It’s tailored to cater to the general medical expenses and associated legal fees for lawsuits.
Commercial property insurance: Helps safeguard your commercial properties such as rented buildings, furniture and equipment from perils like theft, fire or any other covered calamity.
Workers’ compensation insurance: Michigan law demands businesses with workers maintain workers’ comp insurance. Without workers’ comp insurance, damages arising from injury-related cases can culminate into thousands of dollars. This policy covers expenses related to an employee’s injuries sustained and illnesses suffered while working on your premises.
Business owners policy(BOP): It bundles property and liability coverage into one uncomplicated, manageable policy. It’s an ultimate option fitting small businesses that rent or own commercial property like warehouses and office buildings.
Get your commercial insurance.
If your small business in Marshall, MI needs commercial insurance, call or visit us at Great Michigan Insurance. Our dedicated agents will answer all your queries about commercial insurance.