Business liability insurance is important for all Michigan businesses. This policy covers common risks, including customer injuries. Most commercial leases require this coverage.
This policy, also called errors and omissions insurance (E&O), protects Michigan businesses that provide professional services or advice. It covers lawsuits related to work performance.
This policy covers financial losses from data breaches and cyberattacks. It's recommended for Michigan businesses that handle credit card numbers and other sensitive information.
A BOP bundles commercial property insurance and commercial general liability coverage. It's a way for small, low-risk Michigan businesses to save money on insurance.
Workers’ compensation is required for all Michigan businesses with at least one full-time employee or three part-time employees. It also protects sole proprietors from work injury costs that health insurance might deny.
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.
State laws can affect which business insurance coverage you need. These policies are required everywhere in Michigan, from Detroit to Grand Rapids.
Michigan state law requires private employers with one or more full-time employees, or three or more employees of any status, to carry workers’ compensation insurance. All public employers must carry this coverage.
Workers' comp insurance covers medical bills for work-related injuries and illnesses. It also provides disability benefits for injured Michigan workers.
Trucking companies may need additional coverage to comply with regulations.
Though it's not required, personal vehicles driven for work purposes should be covered by hired and non-owned auto insurance (HNOA), as personal auto policies usually exclude business use. It can be added to general liability insurance or a business owner's policy (BOP).
Insureon's licensed agents can help you find policies that fulfill Michigan's requirements and your business insurance needs. Once you've purchased insurance with us, you can download a certificate of insurance by logging into your account.
In Michigan, insurance agencies, agents, 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.