Is commercial insurance required by law in Southeast Michigan?

If you have a business in Southeast Michigan, you know how many risks you are facing. What if a storm cuts out power to your area, and you have to temporarily close? What if someone slips and falls on your property? 

There are an almost endless number of things that can go wrong, and insurance can help to protect you. At Atlas Insurance Agency, we can help explain your options and what kinds of commercial insurance are required.

Commercial Insurance Required By Law In Michigan

There are only two kinds of commercial insurance required by law in Michigan.

Commercial Auto Insurance

If your small business uses any vehicles for business purposes, you must be able to show that you have commercial auto insurance. This applies even when employees use their personal vehicles for work-related purposes.

Workers Compensation Insurance

If your small business has one or more employees that work at least 35 hours per week, you probably need to carry workers compensation insurance. Failure to carry could result in a fine, but this insurance offers important protection in case one of your employees is injured at work.

Optional Commercial Insurance Coverage In Michigan

Several other kinds of insurance are vitally important for protecting your business. 

• General liability insurance will protect you if someone is injured on your property or if your business is responsible for property damage.

• Commercial property insurance protects the building where you operate and its contents, such as tools and inventory.

• Professional liability insurance protects professionals when there are claims of errors or omissions in practice.
   
• Product liability insurance protects your business if your product injures someone.

Need Insurance in Southeast Michigan?

These are just a few of the kinds of coverage you can get. Call Atlas Insurance Agency today, so we can help you tailor a policy that works best for you.