Pontiac, MI, is best known as home to General Motors. Like other towns around it, Pontiac is iconic in the transportation industry. It has 59,792, residents, making this place full of growth.
When you're one of the 873,722 small business owners in Michigan, you'll want coverage. Fortunately, an independent insurance agent can find a policy for an affordable price. Connect with a local expert today.
Worker's Compensation Insurance in Pontiac, MI
Michigan requires all business owners to carry worker's compensation insurance if they have one or more employees. Coverage is regulated, and specific limits are mandated. In order to avoid penalties or worse, review your options.
Worker's compensation will help pay for medical expenses and lost wages if an employee is injured or becomes ill on the job. A claim could last for years, depending on its severity. Get worker's compensation to stay protected.
Commercial Property Coverage in Pontiac, MI
Most commercial policies only offer coverage for 80% of your building's value. That makes you responsible for the first 20%. You'll want to go over the following items with a licensed agent to get the right insurance for your property:
- Protective devices in place
- Year built and structural make-up
- Total square footage
- Operations that occupy the property
- Market value and replacement cost
- Prior property claims
Common property risks in Pontiac, MI
- Flooding and water damage
- Severe storms and lightning
- Heavy snow
- Burglary and other property crimes
Why you need flood insurance
Flood damage is excluded from your property policy. You'll need to obtain separate flood insurance to be covered. Get quotes on your structure before it's too late.
Employee Benefits Options in Pontiac, MI
Employee benefits will help keep your team satisfied. There are 1,900,000 people in Michigan employed by small businesses. You'll need to stay ahead of the curve if you want to retain staff.
You can put a plan together that will be inexpensive and add value. Employee benefits can include things like life insurance, and more. Review package options that fit your needs to get started.
Liability Coverage for Your Business in Pontiac, MI
In 2019, Michigan had $11,644,625,000 in commercial claims paid by insurance. Liability-related losses are at the top of the list. To have adequate protection, take a look at the following options.
Cyber liability insurance
Cyber liability insurance can help your business stay in force. It will help pay for a cyberattack when your sensitive data gets exposed. If you want to avoid financial devastation, consider this coverage.
Business interruption insurance
This policy will keep your business in operation when a catastrophe forces you to close while repairs are made. Coverage usually lasts 12 to 24 months and is easy to add to your general liability policy.
General liability insurance
General liability insurance will pay for a lawsuit arising out of bodily injury or property damage. Coverage needs to be sufficient to pay for a loss. Since this is one of the most used coverages, your limits should be reviewed.
Why You Need a Pontiac, MI Independent Agent
If you want the best business coverage for your operation, you'll need a trusted adviser. An independent insurance agent can help with policy options. They have access to several markets, so you'll get the best premiums in town.
Since they do the shopping at no cost to you, it can save you time and money. Get connected with an independent agent on TrustedChoice. Use the find-an-agent tool to get matched with a local expert.
TrustedChoice.com Article | Reviewed by Jeffrey Green
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