Business Insurance in Tecumseh Michigan

Owning a business can be an exciting venture, but it’s not easy. If you own a business in Michigan, you know that there’s a lot at stake. You need to protect yourself from all the possible risks involved.

Whether you have an online or brick-and-mortar business, you need protection from financial loss. Business insurance can help in that regard. Business insurance creates a contract between your business and the insurance company. The insurance company will cover the financial losses resulting from unexpected events based on the terms of your contract.

The process goes like this: When an event happens, you file a claim. The insurance company assesses the damage. The claim is processed, and the insurer reviews coverage to see if it applies and provides you with compensation for the damage if it does.

However, choosing the right coverage is not easy. There are many options to consider to fit a variety of business needs. The friendly and knowledgeable team at Hartman Insurance Agency can help you make the right decisions for your Tecumseh business.

Types of Business Insurance

If you own a business in Tecumseh, there are various types of coverage to consider. They include the following:

• General liability. This is the most common business insurance coverage. It protects against third-party bodily injury and property damage.
• Workers’ compensation. Michigan law requires businesses with employees to carry workers’ compensation. It helps pay for expenses related to employees who become injured or ill during their course of employment.
• Professional liability. Michigan businesses that offer professional services should consider this coverage. Also known as errors and omissions insurance (E&O), it protects businesses from claims of professional negligence.
• Business owners policy. This insurance combines property and liability coverage into one easy-to-manage policy. It’s a great option for small to medium-sized businesses that rent or own commercial property.
• Commercial auto.This coverage protects against damage to your vehicles and trailers that are for business use, as well as injuries or property damage related to their use. Your personal auto policy does not cover personal vehicles that are titled to a business or used for business reasons.

Home-Based Business Insurance

You can purchase business insurance regardless of your company’s location. For example, if you run a business from home in which you provide products or services for customers, then you may want to consider home-based business insurance.

While home insurance covers many aspects of working from home, there are some nuances involved. It may not cover risks that need to be mitigated by equipment coverage, business property coverage, loss of income protection, product liability coverage, and business interruption coverage. Discuss coverage with your agent if you have a home-based business such as an answering service, appliance repair, artist, childcare, music teacher, pet services, realtor, tax preparer, tutor, vacation planner, or web business.

Contact Our Tecumseh Business Insurance Agency Today

Business insurance can provide many types of coverage to meet your needs. Work with a Tecumseh agent today to learn more about your options.

What risks do you have? What do you want to protect? Contact Hartman Insurance Agency today to see how we can help you. Schedule a consultation by filling out the online form or calling (734) 999-4190.