Phil Klein Insurance Group serves the community with quality and easy to purchase insurance policies. If you own your own business of any size commercial insurance is important for your personal safety and the protection of any employees. If you living in or around the West Bloomfield, MI area and have any questions about commercial insurance call us today.
Frequently Asked Questions About Commercial Insurance:
- Is commercial insurance a legal requirement in Michigan? Yes workers comp insurance is required if you have one or more employees. And commercial vehicle insurance is required your business has even one vehicle for company use.
- How much coverage does my commercial vehicle need? You must insure your commercial vehicle with at least bodily injury. If you drive your personal vehicle for work tasks, even if it is not set aside as company assets you should increase the insurance coverage. This is even more applicable if you have an employee that rides in or drives your personal vehicle during work hours.
- Will the minimum requirements be enough to protect my business if needed? That depends on your unique business situation. For example, if you work mainly online with minimal driving then you may want to put more resources towards a cyber liability insurance policy. If you are at risk for litigation because you are in the public eye you may want to add an umbrella policy to protect yourself. You know the risks of running your business better than anyone. We will be happy to answer any specific coverage questions.
If you own a business of any size in or around West Bloomfield, MI give us a call at Phil Klein Insurance Group. We can answer any questions you may have about commercial insurance and provide you with any of your insurance needs.