There are several types of insurance coverage(s) for Michigan businesses, such as:

1. Commercial General Liability

The broadest and most common type of business insurance, commercial general liability, is for general business risks—things like property damage or a personal injury caused by your employees, your operations, or your services.

There are many different aspects of general liability insurance and making sure your business is covered should you be responsible for damages, medical or legal expenses, and more.

2. Professional Liability Insurance

Professional liability coverage is also referred to as errors and omissions insurance or professional indemnity. Like all insurance policies, this is created to protect you and your business.

PLI is for businesses that provide professional advice or services to protect them in the event that a client makes a claim against them for financial loss caused by an error or the business did not perform, causing harm to the client.

There are many names for this type of insurance policy based on the type of work the business is performing and the industry you're in.

3. Employment Practices Liability

Employers in the U.S. are accountable to several different labor laws.

This is a form of professional liability insurance coverage that helps employers in wrongful termination, discrimination, sexual harassment, wage and hour disputes, and much more.

4. Cyber Liability or Data Breach Liability

The growing increase in cyber attacks, ransomware, and data breaches can put businesses at risk. However, these are two very different types of insurance coverage.

Data breach insurance protects you financially, but cyber liability insurance covers financial losses and gives you more legal protection from any breach or attack.

5. Commercial Auto Insurance

If your business includes one vehicle or a fleet, you need to consider many different aspects of insurance coverage. Commercial auto coverage also comes into play if you're a contractor or subcontractor driving to job sites, even if it's your vehicle.

The right commercial auto policy will keep you and your business protected from damage, theft, loss, personal injury, and more, from food trucks to delivery vehicles, tow trucks to heavy equipment vehicles.

6. Workers' Compensation Insurance

If you employ one or more employees, you are required to have workers' comp insurance. This insurance covers your business and your employee(s) should they get injured on the job or become ill due to their work, no matter who is at fault.

Workers' compensation insurance gives employees pay while off work and covers medical (and sometimes rehabilitation) costs.

7. Commercial Group Health Benefits

There are so many options when it comes to offering employee health insurance, and it's often one of the biggest expenses employers face. 

There are many other aspects to your business insurance needs and coverage requirements. A few more are listed below.

• Business Owners Policy (BOP)
  A special type of commercial insurance for small to medium-sized businesses.

• Commercial Property
  Protects your building and its contents, as well as exterior fixtures.

• Garage Liability
  An umbrella policy that protects your business from any accidental damage or third-party injury that occurs in a garage or automotive business.

• Commercial Umbrella
  Provides an extra layer of liability protection by covering costs beyond other liability coverage limits.

• Bonding
  An added level of insurance on your coverage plan.

Please reach out to our commercial lines insurance team to discuss your business insurance needs in Michigan.