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How Much Commercial Insurance Does Your Company Need?

The amount of commercial insurance you carry on your business depends on the size of your business and the total assets on the property. There are a few tips you can follow to help you make a decision, but it is important to realize that every business has different needs. Consult a professional before you make a final decision.

How Much Is Enough?

If you are a small business owner, it is common for most to carry around $1 million in commercial insurance. This factors in liability and covers office equipment, and other items outlined in the policy. If you expand or incorporate additional items of value into your company inventory, you need to adjust your insurance immediately to avoid gaps in coverage.

Get A Professional Opinion

People who work in the insurance industry are a wealth of knowledge when it comes to helping you decide what type, and how much commercial insurance coverage you need. Finding an experienced provider to assist you with the process of finding the right coverage can secure your business’ financial future. A reputable company that can give you the information you need to make the right choice for businesses in and around the West Bloomfield, MI area is Phil Klein Insurance Group.

If you own a business in or around the West Bloomfield, MI area, and want to get the right commercial insurance coverage, you should contact Phil Klein Insurance Group. Call or stop by for answers to your questions and assistance making an informed insurance coverage decision. Don’t leave your company’s financial future to chance, get a consultation today and protect your future tomorrow.

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