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Starting a business in Michigan opens the door to risks. You need insurance designed for your industry and business size. We customize plans for more than 20 industries. Pick coverage below to start a quote today.
Essential coverage for your Michigan business
When you also have at least one employee
* Plus Workers Compensation
All standard plan benefits and:
Whether you’re looking to satisfy Michigan requirements with workers comp and disability insurance or know insurance is the only way to protect your finances, we’ve got you covered.
Whether a small business in Michigan or a large corporation, General Liability Insurance is the brick foundation of insurance coverage, providing protection for bodily injury and personal injury liability as well as liability for damage to the property of others.
Commercial Property Insurance protects both your building and business-owned property against common risks like fire, theft, vandalism, and wind or hail damage. Building contents are also covered for many risks, safeguarding your machinery, equipment, and on-site inventory.
Workers' Compensation insurance covers the medical, rehabilitation costs and lost wages if employees are injured at work. It is a no-fault system which means that employees are entitled to compensation even if they are at fault for the incident.
Michigan requires state-minimum liability coverage for vehicles used in your business, helping to protect your business against lawsuits. Adding collision and comprehensive coverage to your Commercial Auto Insurance policy provides protection for your vehicles as well.
Business owners are subjected to a lot of liability. A Business Owners Policy offers protection on major property and liability risks. It simplifies coverage by offering protection to your property and liability under one coverage.
Hired and Non-Owned Auto insures the vehicle that has been hired by your business for purposes related to business and the passengers. This insurance covers vehicles not owned by the business, for example, a rented vehicle to transport employees to another city to attend a meeting.
Commercial Liability Insurance coverage isn't mandatory in Michigan, but is a wise way to protect your business. When purchasing liability coverage, bear in mind that any liability judgement amounts in excess of your coverage limit have to be paid by your business.
If your Michigan business is uses vehicles in the course of business, you'll need Commercial Auto Insurance. Minimum liability coverage amounts for bodily injury are $20,000 per person for bodily and $40,000 for all persons. Property damage liability coverage has to be at least $10,000.
The type of documentation you'll need depends on the type of insurance you're buying for your Michigan business. Typically, you'll need your state business licenses, payroll and sales figures, vehicle information, and claims history.
By Michigan law, most employers regularly employing 1 or more employees with a minimum of 35 hours per week for 13 weeks or more are required to purchase Workers' Compensation coverage. Employers with 3 or more employees, including part-time, may also be required to provide coverage for workers.
CoverWallet utilizes state of the art technology to help small businesses understand and buy customized coverage, get significant savings and conveniently manage their insurance, in a matter of minutes, all through our online platform.
You wanted better protection and cheaper pricing. So did we. We baked that dream into everything we've set out to accomplish in building our award winning platform.
We have one! How much could we have really improved the insurance purchase process? Try us! We ask only the questions you need to answer, nothing more.
We've built all our fancy tech from scratch, which allows us to get you certificates on demand, free of charge, and for us to find you savings.
Being a small business presents several challenges that may need more assistance. While CoverWallet provides you the best insurance, you can also consider these references to further support your small business: