Commercial Insurance Options in Michigan

If you own a business in Michigan, you will want to protect the investment of time and money you have made into your business by having an adequate amount of commercial insurance in place. The agents at the Bachmann Insurance Agency serving the Flushing MI area are here to help you with all of the commercial insurance needs you have for your business.

Required Coverage

In Michigan, you must have worker’s compensation in place to cover any employees you have at your business who could become injured while on the job. This type of coverage will help pay their lost wages and medical bills.

If you own any vehicles through your business or use personal vehicles for business purposes, you must have at least a liability auto insurance policy in place to legally drive in Michigan. You can obtain a commercial auto insurance policy in addition to your other coverage options for your business insurance.

Other Options

You will definitely want to have commercial general liability insurance in place to protect you from any potential lawsuits if a customer of your business is injured while on your property or if a person is injured due to an incident that occurs while your employees are out in the field working depending on the nature of your business.

There are many different other coverage options available under commercial insurance that the commercial insurance agents at the Bachmann Insurance Agency serving the Flushing, MI can explain to you. Some of those include professional liability commercial insurance and cyber insurance. Call for your appointment today to get your commercial insurance policy started to protect your Michigan business!

What Is Business Interruption Insurance?

When the daily business operations are interrupted, it can cause much stress for business owners in Flushing, MI. However, there is a relief for business owners fearing the possibility of operations being disrupted, which can negatively affect profits. Purchasing business interruption insurance offers peace of mind for businesses knowing they have protection against interruptions to their business operations. 

If you still have questions about business interruption insurance, call our agents at Bachmann Insurance Agency. 

What Is Business Interruption Insurance?

Business interruption insurance is additional coverage added to an existing business owner’s insurance policy. This add-on policy covers loss of income the business may experience after experiencing a catastrophe, such as fire or natural disaster. This policy differs from property insurance because it does not cover physical items, but instead, it covers typical income earned if the catastrophic event never occurred. 

What Is Covered by Business Interruption Insurance? 

There are several scenarios where a business owner is covered under their business interruption insurance. These scenarios would include natural disasters and fire. Typical items covered include: 

  • Fixed operational costs, such as rent or utility bills
  • Temporary relocation costs, such as if the business needs to move to a new location while the existing site is repaired or rebuilt
  • Income loss due to government-mandated closures could cause a business to close early for a government-issued curfew or other covered events
  • Unforeseen expenses, such as expenses that are not fixed costs but incurred due to the interruption

If you are wondering how much business interruption insurance you need for your Flushing, MI business, give our agents a call today. Our experts at Bachmann Insurance Agency are ready to help answer all of your questions and get you the insurance coverage your business needs. 

Do I need to get commercial insurance in Michigan?

A business owner that lives in the Flushing, MI area could find that it is a great place to run a company. This area of Michigan has a strong base of people as well as a good local economy. When you are looking to start a business here or continue to operate an existing one, it is imperative that you get proper insurance for it. There are a few reasons why a Michigan business owner needs to get a quality commercial insurance policy.

Insurance Protects Investment in Business

An important reason that anyone will need to get commercial coverage when they are in Michigan is to protect their investment in their business. If you are going to start a company, you will have to invest a lot of time and capital to get it off the ground. This whole investment could be lost quickly if you do not get proper insurance. When you get coverage, you can continue to protect your business.

Insurance Offers Continued Liability Protection

You will also want to get commercial insurance as it can offer ongoing liability protection. A business owner here should recognize their liability risks. If you are sued for liability, the effects could be devastating and even put a business into insolvency. When you have commercial coverage, you can receive liability insurance to mitigate this risk. 

There continue to be many reasons for a Flushing, MI business owner to get a commercial insurance policy. As you are looking for a new plan, you could find that picking one is complicated. Fortunately, when you call Bachmann Insurance Agency, you can learn a lot about your options and how insurance coverage can protect you. Bachmann Insurance Agency can then help you to build a great policy that meets your needs.

What Small Business Owners Need to Know About Commercial Insurance

Owning your own business can be an exciting and rewarding journey. That reward comes at the cost of your investment of time and money. To make sure that this investment of time and money is sufficiently protected, there are steps that business owners must take to protect themselves. At Bachmann Insurance Agency, serving Flushing, MI, we take great pride in educating our clients on how they can best protect their investments. Keep reading to find out what small business owners need to know about commercial insurance. 

Why Do I Need Commercial Insurance?

Commercial insurance refers to a variety of insurance policies that work to protect a small business owner. There are unforeseen problems that can have a dramatic effect on your business and your income. As the business owner, you are more liable for certain damages. Commercial insurance can kick in to help protect you from these damages.

What Does Commercial Insurance Cover?

Each business will be different and, therefore, will require different types of coverage. In general, commercial insurance will cover the following areas:

  • Business property – If your business operates at a physical location, you will want this property protected in the event of damage, burglary, or in the case an injury takes place. 
  • Vehicles – If your business operates vehicles to conduct business, these vehicles will need to be insured and the drivers who drive them. 
  • Liability – A business owner puts themselves at a unique risk when they operate a business. If an individual gets injured on your property or as a result of your services, you could be held liable for their expenses. Liability insurance will kick in to cover these expenses. 

If you would like to learn more about commercial insurance, please contact our friendly staff at Bachmann Insurance Agency, serving Flushing, MI.