If you’re a Michigan business owner, there are certain things you need to be aware of when it comes to commercial insurance. At Phil Klein Insurance Group, we can provide you with the information you need on commercial insurance in West Bloomfield, MI.
The following are three things Michigan business owners should know about commercial insurance.
There are numerous types of commercial insurance for Michigan business owners.
To ensure that you’re entirely meeting your commercial insurance needs, you need to know about the various types available. These include liability, commercial property, commercial auto, workers’ compensation insurance, and more.
Being informed about the different options and aspects of commercial insurance coverage will help ensure that you have invested in the coverage types most relevant to your company’s needs.
Business owners need to understand their legal responsibilities regarding commercial insurance coverage.
Companies may need to meet specific legal insurance coverage requirements depending on the type of business they run and the makeup of their business. You may need to carry certain types of insurance if you have employees on staff or if you use company vehicles as part of your operations, for example.
Be sure that you’re meeting any applicable legal requirements with the commercial insurance that your company carries.
Commercial insurance can protect Michigan business owners financially.
You should carry enough commercial insurance coverage to protect your company’s assets. If you face a lawsuit, your company’s assets can be at risk. Make sure your company carries enough commercial liability insurance to protect the full value of your company’s assets.
Are you interested in learning more about your commercial insurance options in West Bloomfield, MI? Get in touch with us at Phil Klein Insurance Group to learn more.