Perhaps the most significant, but often undervalued requirement for doing business in Michigan is commercial insurance. Fortunately, that is changing as business owners become aware of the benefits of insuring their investment. At the heart of Michigan's economic growth, is Dalessandro Agency Inc. in Kentwood, MI, which prides itself on offering reliable insurance solutions.
Every business requires liability insurance, even home-based ones. The policy offers both protection against bodily injury or property damage caused by your products, your employees, or yourself.
Regardless of whether you own the business premises or not, it's prudent to have a policy that protects your properties such as office equipment, tools, inventory and computers in case of fire, smoke damage, and theft among others. It's also wise to get a business interruption policy to safeguard your earnings if your business is rendered nonoperational.
Workers compensation is required in Michigan as long as you have one or more employees. This coverage is essential in case they are injured on the job. It provides them with medical benefits and wage replacements when injured. That way, your business will not be sued for damages.
Workers compensation is crucial for business owners as it protects you from legal complications. Noncompliance penalties are usually very stiff.
This policy is also referred to as errors and omissions. It safeguards your business from failure or improperly offering professional services. It's important for professional companies such as lawyers, consultants, technology providers, accountants and hair salons because they're not covered by general liability.
Do you have company vehicles? Safeguard them with a commercial auto policy. They carry your employees, equipment, or products. It protects them from damages and collisions that may otherwise lead to substantial losses to your business.
If you are looking for commercial insurance for your Michigan-based company, Dalessandro Agency Inc. offers cutting edge insurance solutions for all types of businesses. Call us or visit our offices in Kentwood, MI to talk to our agents and get a quote.
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