What type of insurance should I have for my business?

If you own a business in Michigan, it is important to have the right insurance to protect yourself and your employees. The type of insurance you need depends on the type of business you own and the risks associated with it. One common type of insurance that many small businesses need is general liability insurance. This helps cover you for any legal claims made against your business in the event of an injury or property damage. This could include things like slips and falls on your property, errors or omissions made by your business, or advertising injury. Another type of insurance that you may need is professional liability insurance. This is usually required for businesses that provide professional services. This insurance helps cover you for any negligence or mistakes that you or your employees may have made. Workers’ compensation insurance is also important for businesses that employ staff. This helps cover medical and other expenses related to any workplace injury or illness. If your business has vehicles, you will need commercial vehicle insurance. This helps cover any vehicle-related accidents or damages that may occur. Finally, you may want to consider getting business interruption insurance. This helps cover any lost income and other expenses if your business has to be shut down due to certain events or disasters. By researching the type of insurance your business needs and getting a policy that fits your needs, you can help protect your business in the event of any unforeseen incidents or disasters.

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