New Baltimore, MI is a beautiful historic city in one of Michigan’s coastal resort communities. Located on the northern shore of Lake St. Clair, this town has beautiful public parks and a variety of downtown shops and restaurants. Local businesses thrive in this tight knit community. In 2014, there were 856,682 small businesses in Michigan, providing employment to 1,755,901 people. Of course, owning a business also carries serious risks. In 2014, loss payouts to Michigan businesses totaled $12,848,751. As a new business owner in this area, make sure you minimize your risk by investing in New Baltimore business insurance.
If you are a New Baltimore business owner in search of affordable commercial insurance, Trusted Choice® Independent Insurance Agents can help. Our agents will do the heavy lifting for you and show you several policies that will protect your business from common threats. If you’re shopping for a business insurance plan in New Baltimore, our experienced agents can help.
Liability risk is something you must take into account when you own a small business. According to the 2015 Travelers Business Risk Summary, 60% of small-business owners ranked medical cost inflation as their highest concern and more than 30% said they felt the least prepared to handle this issue. Liability lawsuits are common and can financially bankrupt a company. Make sure you invest in general liability insurance so your business is protected.
New Baltimore's severe winter weather and occasional tornadoes can pose a huge threat to businesses. It would be devastating to find that a massive snowfall caused your business's roof to collapse, causing enormous financial loss. Suddenly, you’re paralyzed professionally with no place to conduct business until your roof is repaired and the damage is cleaned up. Business interruption insurance offers protection for small businesses by compensating for profit losses after an interrupting event.
Natural disasters can cause devastating damage to small businesses. During the winter months, New Baltimore sees heavy snowfall in addition to major ice storms. These weather-related threats can wreak havoc on your business property, so make sure you’re prepared with a comprehensive commercial property insurance policy in advance.
If an employee is injured while working, it can lead to lawsuits and severe financial loss. Workers' compensation is now required across most of the nation, but even if it isn’t required, it is the responsible thing to do for yourself and your employees. If one of your employees suffers a work-related illness or injury, your workers' comp policy steps in to pay for the medical bills and the employee’s lost wages.
Finding affordable health and life insurance is one of the most frustrating challenges for new business owners. With premiums rising all over the nation, it seems impossible to find affordable insurance to offer employees. Trusted Choice agents can provide you with quotes on multiple policies and point you toward the most budget-friendly employee coverage options on the market. With help from an experienced agent, you can select a plan that offers maximum benefits for your employees.
Michigan ranks among the top states for identity theft in the nation. Small businesses aren’t immune to this threat and actually might be viewed as a prime target by nefarious hackers. Only 22% of small businesses have a response plan in place to deal with cyber crime and data breaches. Make sure your business is prepared by adding cyber crime coverage to your commercial insurance policy in New Baltimore.
Trusted Choice Independent Insurance Agents can help you navigate the world of business insurance and minimize your confusion and stress. Our experienced agents will help you build a commercial business plan that protects you from all the common threats and fits into your budget. If you’re worried that your business might be at risk for liability lawsuits or you need to find affordable employee coverages, let our agents go to work on your behalf. Contact an agent today to get your free rate quote on New Baltimore commercial insurance.