Learn the Different Types of Business Insurance in Ann Arbor, MI

by | Nov 9, 2023 | Insurance Services

Your small business can be the start of your American Dream. Don’t let business ownership turn into a nightmare by not having the right coverage to protect you. There are a lot of different types of insurance you can get. Learn more about the different types of business insurance in Ann Arbor, MI.

General Liability Insurance

Every small business must have general liability insurance. General liability insurance covers the business in the case of lawsuits regarding physical injury, property damage, and class action lawsuits.

Workers’ Compensation Insurance

Workers compensation insurance covers the cost of employees if they get injured while on the job. In most cases, workers’ compensation insurance will cover injuries that occur at mandatory business events and working from home. However, it won’t cover injuries that occurred due to employee negligence.

Product Liability Insurance

If you sell a product and the product injures consumers while using it, they can sue your business for damages. Product liability insurance covers you in this instance.

Commercial Auto Insurance

If your business uses business cars regularly, you may need to get commercial auto insurance on those vehicles. It will pay for any damages that occur when a covered driver is using the vehicle for business purposes.

Cybersecurity Liability Insurance

Customers may give you information to pay for goods or services. If you, like most companies, store this information online, a cyber crime against your business can cost you a lot of money in restitution and restoration of your reputation. Cybersecurity liability insurance will help you recoup your losses.

Do you need new business insurance in Ann Arbor, MI? Get a quote from Kemner Iott Benz at https://kemneriottbenz.com/.

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