Business Insurance in Ypsilanti
Own a business in Michigan? There is insurance for that. It may seem as though you need insurance to cover pretty much every asset you have, but it’s good to have that coverage. You never know when you might need it. This is especially true for businesses, which come with a lot of risk. If you sell products or services, you will want insurance to protect you in the event of defective products, errors, and negligence.
Typically, you will want insurance to help pay for risks that you cannot cover out of pocket. Hartman Insurance Agency can help you with the often daunting process of getting insurance. Let us help you choose the right options for your business needs.
Types of Business Insurance
If you own a business, you have many options for insurance. Which ones should you choose to protect your business? Here are some choices to consider:
- Professional liability insurance. Also known as errors and omissions insurance, this type of insurance is ideal for companies that offer services to customers. It will protect the business from financial loss due to negligence, error, or malpractice.
- Product liability insurance. This type of insurance is the best option for businesses that make or sell products. It will protect the business from financial losses and injuries caused by defective products or other items.
- General liability insurance. This coverage works for any business. It protects the company from financial loss resulting from property damage, injuries, medical costs, and lawsuits.
- Commercial property insurance. Businesses with significant physical assets or property can benefit from this type of insurance. It serves to protect businesses from damage or losses due to events such as fires, hail, wind, or vandalism.
- Business interruption insurance. This insurance compensates for lost income and operating expenses if your business is temporarily closed due to a covered event, such as a natural disaster.
- Business owner’s policy. This is a bundled package that typically includes general liability, commercial property, and business interruption insurance, but at a lower cost than purchasing each policy separately.
- Home-based business insurance. If you operate a small business out of your home, you can select a home-based business insurance policy to cover your equipment (such as computers and machines used to manufacture items) as well as any third-party injuries.
- Workers’ compensation insurance. This type of coverage provides medical benefits and wage replacement for employees injured on the job. It also protects the business from lawsuits related to workplace injuries.
Contact Our Ypsilanti Business Insurance Agency Today
When you are running a business, anything can go wrong at any time. Protect yourself, your family, and your business with insurance coverage that fits your needs.
Contact a Ypsilanti agent from Hartman Insurance Agency today to assist you with the process of selecting the appropriate insurance for your business. We can answer your questions and address your concerns. Schedule an appointment today by filling out the online form or calling (734) 999-4190.