How commercial insurance can save a small business?

Small businesses are vulnerable to a great many risks. Many will fail in the first few years and by year 10, that number rises to 65%. By having the right commercial insurance, you can at least have a fighting chance of surviving. At Great Michigan Insurance in Marshall, MI, we want to help your small business thrive, and we will take the time to get to know you and your business so that we make sure you have the protection you need.  

Commercial liability insurance is one type of insurance that every business needs to have. Getting sued is one way your business can be damaged beyond repair. Every year more than 30% of businesses are sued or threatened with a lawsuit. Losing a case can force your business into bankruptcy if you don’t have the money or assets to pay. Commercial liability insurance can mitigate the risk of a lawsuit and can even pay for your legal expenses. It can save your business from being forced to close. 

Commercial property insurance protects the property you need to do business. Even if you rent your space, it can save you by covering the things you need to do business, like your computers, office equipment, machinery, inventory, supplies, tools, and more. You can’t operate your business without the things you need to do business. 

Business interruption insurance can make sure that even though you can’t do business at the moment because of a covered hazard, you will still be able to pay your bills and your payroll until you can open your doors again. It makes the difference between surviving a hazard and being closed forever by a hazard. 

Contact Great Michigan Insurance in Marshall, MI when you are ready to discuss your commercial insurance needs. Call us to make an appointment or drop in if you are in the neighborhood.