Commercial Insurance In Michigan
Starting a business comes with many benefits. Ranging from a sense of fulfillment, flexibility, and compensation, business owners have every reason to smile when running a business. But even as you marvel at your business success, it’s essential not to forget commercial insurance.
At Partners Insurance Agency LLC, we always advise business owners to have commercial insurance high up on their priority list.
Why you should consider commercial insurance
Whether you have a business in Florida, Indiana, Ohio, or any other state in America, it’s a smart choice to carry commercial insurance for the below reasons.
- Liability protection: Accidents are bound to happen on the work premises. Someone could get injured on your premises, and then sue you for negligence. In such a case, liability coverage pays for legal costs.
- Asset protection: Your business is anchored by the assets you possess — talk of inventory, equipment, building construction, vehicles, and other properties. That said, you need to protect your business assets with commercial insurance against risks such as theft, fire, vandalism, storms, and so forth.
- Employee protection: Commercial insurance ensures that your employees are protected from work-related injuries. This way, your business is covered against employees’ medical costs for injuries suffered while working.
- Cyber protection: Whether your business is online-based or not, there is always a risk of losing data to malicious online activities. It could be a suspicious email, phishing, or any other online attack. Hacking can cost your business millions of revenue and reputation. In light of this, it’s good to purchase cyber liability coverage to protect your data and IT infrastructure.
Is commercial insurance mandatory?
Most states require businesses to carry workers’ compensation insurance and commercial auto insurance. To that end, double-check with your agent to establish the types of commercial insurance that are mandatory in your region.
However, remember that states’ requirements are just minimums. As such, you should purchase other types of commercial insurance to give your business all-around protection.
Commercial insurance near me
Are you looking for commercial insurance? Please contact Partners Insurance Agency LLC for all your commercial insurance needs. And if worried about location, don’t be. We serve businesses located in Michigan, Ohio, Pennsylvania, South Carolina, Indiana, Florida, and the surrounding areas. Come and see how we will protect the business you have worked so hard to build.
