Michigan state law requires businesses with one or more full-time employees to carry workers’ compensation insurance. This policy covers medical bills for work injuries and illnesses.
All business-owned vehicles in Michigan must be covered by commercial auto insurance. Michigan requires $20,000 bodily injury liability per person, $40,000 bodily injury liability per accident, and $10,000 property damage liability per accident.
Though it's not required, personal vehicles driven for work purposes should be covered by hired and non-owned auto insurance, as personal auto policies usually exclude business use. It can be added to general liability insurance or a business owner's policy.
This policy is important for all Michigan businesses. It covers common risks, including customer property damage and injuries. Most commercial leases require this coverage.
This policy, also called errors and omissions insurance, protects professionals whose work depends on their expertise. It covers client lawsuits over mistakes and missed deadlines.
This policy helps Michigan businesses survive data breaches and cyberattacks by paying for client notification costs, legal fees, and other related expenses.
This policy bundles property insurance and general liability insurance in one plan. It's often the most cost-effective type of commercial insurance for a Michigan business.
Workers’ compensation is required for all Michigan businesses with at least one full-time employee or three part-time employees. It covers medical costs for work injuries.
This policy is required for business-owned vehicles in Michigan. It covers injuries and property damage in an accident, along with vehicle theft, vandalism, and weather damage.
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In Michigan, insurance agents, agencies, and brokers are licensed by the state’s Department of Insurance and Financial Services. Insureon is licensed in Michigan as BIN Insurance Holdings, LLC (NPN 15752926) for property and casualty insurance and for surplus lines. You can verify our licensure with the Department of Insurance and Financial Services on its insurance search page by entering our Michigan state ID, 0092090, into the "System ID Number” field.