Do you own and operate a business in St. Clair Shores, Michigan? It takes only one claim to cripple your business and shut it down for good. That’s not something you want for your business, which is why we’re here to help you find cheap small business insurance that will protect your investment.
Business insurance offers protection for your Michigan business, big or small. Businesses across various industries are at risk, whether you are in the health, technology, education, retail, or food business. Finding low cost policies is a priority for a lot of business owners to get protection without putting you at risk to go out of business.
In Michigan, the cost of insurance is based on the type of profession or industry your business belongs in. Each industry is exposed to a wide range of risks and the rates are determined accordingly.
When shopping around for an insurance policy in St. Clair Shores, gather as many quotes from various providers as possible. This will enable you to determine the average commercial insurance rates for your business. Then, you can compare the best quotes for general liability based on the extent of coverage you need.
General liability insurance is recommended for most MI businesses. It can guard your business from claims that could lead to significant financial loss. This type of policy can also cover expenses such as litigation, out-of-court settlements, and judgments.
You can save on your general liability insurance by bundling it with other types of coverage. Some of the coverage included in general liability insurance include bodily injury, personal injury, reputational harm, and advertising injury.
Keep in mind that general liability insurance is a basic type of insurance policy for businesses. It might not be enough coverage for all types of businesses in St. Clair Shores. In this case, you have to purchase additional coverage such as Hazard & Interruption Coverage, which replaces your business income when your business operation is interrupted.
On the other hand, Errors & Omissions Coverage is a type of coverage intended for professionals and contractors. If you commit any mistakes in the service offered, it could lead to damage to property or injury to customers, putting you at risk for one hefty lawsuit.
You can check out other cities in your state to compare rates: 1, 2, 3, 4, 5.