Commercial Insurance

Commercial Liability Insurance

We Get You Covered, So You Can Get To Work

No matter your business, you want to protect your business assets. Do you know if your company is covered, should injury or property damage inadvertently occur over the course of doing business?

What’s Covered Under My Commercial Liability Policy?

Accidents happen. Whether these accidents lead to personal injury or property damage, your business may be found liable… whether the commercial activity was taking place on your company property or off-site.

If you are a contractor, you should carry some form of Commercial Liability policy. These can protect you from financial exposure if you are sued for something that goes wrong over the course of a job that leads to damage or injury.

If you’re sued without a Commercial Liability policy, and your company has been found liable for damages, your business could be subject to financial ruin. And with a recognized Insurance Leader in your corner, tailoring your insurance against such liable actions, your out-of-pocket expenses may be minimal or even non-existent.

How Much Should I Pay For Commercial Liability Insurance?

When it comes to Liability Insurance, every policy is different… because every business is different!

When determining the cost of a policy premium, there are plenty of factors to take into account.

• How long you’ve been in business
• The amount of business you do
• Your company’s payroll
• History of claims
• The type of work you do (A roofer may have a high premium than an accounting firm)

If you’re pricing out Commercial Liability Insurance policies, give us a call at (517) 694-0149. One of our Commercial Insurance professionals would love to help guide you to the products that are right for you and your business.

Cyber Liability Insurance

Protect Your Digital Assets From Cyber Threats

We live in an age of unsurpassed digital connectivity, and business is no exception. With so much business activity taking place online and in the cloud, it’s never been more important to ensure that your business is protected should crucial or sensitive data become compromised.

What Is Cyber Insurance, And What Does It Cover?

Cyber Liability Insurance protects your assets should sensitive data become compromised over the course of doing business on your digital environment. There are plenty of ways for malicious attackers to corrupt or steal vital information – and if they compromise data entrusted to you from employees or customers, your company can be found liable for the consequences of the breach.

Cyber Liability Insurance is designed to provide levels of protection:

• 1st Party Protection: Your cyber insurance policy can help you recoup losses incurred from the corruption or theft of your company’s own sensitive data.

• 3rd Party Protection: Your policy is also designed to cover your company’s assets in case you are found liable for the compromised data of your employees and customers.

Did You Know? Cyber Liability policies are relatively new, only becoming prominent within the last 5-10 years. A cyber breach may not be covered by your general commercial liability policy, so be sure you know where your company may be exposed to risk!

How Much Is Cyber Liability Insurance?

Cyber Liability Insurance is meant to cover the costs of data breaches, which can be immense. Not only are there judgments to consider, but also loss of business, reputation, theft, as well as the cost of providing identity theft remediation for affected parties.

Your premium is determined by factors like:

• The extent to which your company uses technology
• Your corporate activity on social media
• Your industry
• Amount of cybersecurity protection/training in your organization
• Whether you save or store customer payment information

If you’re interested in exploring how a Cyber Liability Policy can protect your company’s assets, contact us at (517) 694-0149. We’ll guide you through the process and find the best package for your business.

Workers’ Compensation Insurance

Protection For Your People

If you employ people, then you need to protect them against the pitfalls of a potential workplace illness or injury. Workers’ Compensation Insurance provides crucial coverage for your people should the worst happen.

What’s Covered Under Workers’ Comp… (and do we really need it?)

Workers’ Compensation helps to cover the costs of medical expenses, rehabilitation, and loss of income for employees who suffer illness or injury while on the job. If the incident occurs as a result of their job duties or environment, you as an employer are liable.

For this reason, Workers’ Compensation Insurance is required in most states, including Michigan. Should you operate a business with employees without carrying workers’ compensation, you can be subject to a $1000 per day penalty for every day you’ve operated without a policy. (Not to mention, the company will be held responsible for all medical expenses and lost wages.)

Did you know? Whether full or part time, all employees count for Workers’ Compensation Insurance. If you’re not sure whether you have employees or are hiring private contractors, we advise familiarizing yourself with the definition provided by the state of Michigan.

How Much Is Workers’ Comp Insurance?

Workers’ Compensation Insurance costs are determined, primarily, by two things:

• The type of work you do
• Your company payroll

If you’re interested in learning about Workers’ Compensation packages, contact us at (517) 694-0149. We’d love to guide you through the process and make sure that your business is protected.

Commercial Umbrella Insurance

Keep Your Company Assets Protected – No Matter What

When you carry a Commercial Liability, Workers’ Comp, or Auto Insurance policy, you are protecting the organization from liability in case of an accident. But every policy has a coverage limit. Commercial Umbrella Insurance is designed to provide over-and-above coverage to your underlying Commercial policies.

What Does Commercial Umbrella Insurance Cover?

Consider this: there’s been an accident in a company vehicle, and you’ve been sued. The judgement against the company is one million dollars. But the auto insurance policy only covers $500,000 worth of coverage. Without an umbrella policy, the company is liable to pay the rest of that judgment. But with $500,000 worth of umbrella coverage, company assets are no longer in jeopardy.

Important Note: If you have personal umbrella coverage, it will most likely not extend to your commercial policies. You will need separate personal and commercial umbrella policies to ensure full coverage.

How Much Should I Pay?

Umbrella Coverage is an affordable way to provide extra liability coverage and protect your company assets. The exact cost of a premium will depend largely on the specifics of your business. If you’re interested in discovering a Commercial Umbrella package that’s right for your organization, contact us at (517) 694-0149 to learn more.

Professional Liability Insurance

Coverage That Works For Working Professionals

If you’re a doctor, lawyer, or other professional service provider, you deserve the same level of thorough coverage as any other business. That’s why we offer professional liability policies designed for working professionals like you.

What Am I Covered For?

If you’re a working professional providing any sort of advice or service to your clients, you can benefit from a Professional Insurance Policy. This type of policy is designed for occupations such as:

• Doctors, Chiropractors, and Dentists
• Lawyers
• Financial Planners
• Home Inspectors & Realtors
• CPAs
• … and more.

If any sort of mistake is made over the course of your duties, you could be held personally responsible as a result. This is why it’s important to carry a professional liability policy to limit your exposure and protect your assets. (Based on your industry, you may even be mandated to carry a policy like this.)

How Much Should I Pay For Professional Liability Insurance?

The factors that determine professional liability premium costs are the type of work you do, the type of risks you take on, and the amount of exposure you have to those risks. If you’re interested in exploring a professional liability policy, contact us at (517) 694-0149 for a personalized quote.

Commercial Property Insurance

Peace Of Mind For Your Business Property

Every company has crucial assets. Tools they need to do business quickly and effectively. A home base to operate from. And if you want to protect those things for your business, you’ll want to make sure your assets are covered with a Commercial Property Insurance Policy.

What’s Covered Under Commercial Property Insurance?

Commercial Property Insurance has two elements to it: structure, and contents. These packages are usually bundled together for a Commercial Property Policy.

• Structure coverage involves the actual building. If a tree falls on the roof, a pipe bursts in the wall, or a fire occurs – this coverage ensures that repairs to the office itself will be taken care of. If you are leasing property, you may still be held responsible for some or all structural damage to your office. Be sure to check the terms of your lease and get the appropriate amount of coverage.

• Contents coverage protects the value of the objects within your office or property. This is a crucial part of commercial property insurance, and is relevant whether you own, lease, or rent your business property.

Did You Know? If you work from home, your home office may not be covered under your traditional homeowner’s or renter’s policy. A homeowner’s policy insures property for personal use only, not for property or belongings used for business. If you have a home office, or even store commercial contents on your personal property, be sure that you’re covered!

How Much Is Commercial Property Insurance?

Commercial Property Insurance is determined by the cost of your office building, the amount of coverage selected for your contents, and the territory your business is located in. If you’re ready to explore a Commercial Property Insurance Policy, contact us at (517) 694-0149 to get a quote.

Life Insurance

Peace Of Mind For Your Loved Ones

No matter your age, your marital status, your occupation: the peace of mind of knowing that the ones most important to you will be taken care of is priceless.

What Should I Look For In Life Insurance Coverage?

Typically, there are two main types of Life Insurance: Term Life Insurance and Whole Life Insurance. There are a lots of in’s and out’s here, and it can be a little confusing to determine which is right for you. As a basic guideline, here are the main differences between the two basic forms of life insurance coverage.

Term Life Insurance is designed to cover you during a specific time period of your life. It can come with a 10, 20, or even 30 year term. It also comes with:

• Lower premiums
• Fluctuating premiums after a certain time frame
• An expiration date

Whole Life Insurance works a little differently. Although it comes with higher premiums, it does boast benefits like:

• Coverage for the duration of your life
• Builds cash value
• Premium never changes after purchase

Did You Know? If you rely solely on life insurance provided through your employer, that coverage likely only applies when you are actively employed. Should you change jobs, or retire, you may lose your life insurance entirely. Be sure you’re covered, even in case of job loss or retirement, by securing your own policy.

Commercial Life Insurance

Aside from providing life insurance policies for employees, Commercial Life Insurance Policies can also help in the event of the death of a partner by providing Key Person Insurance. Key Person Insurance helps divide responsibility and payoffs for commercial loans, as well as helping take care of family members while helping surviving partners retain interest in the business.

How Much Should I Pay For Life Insurance?

Life Insurance premiums can vary, depending on whether the policy is a Term or Whole Life Policy. Length of term, age and health of the covered individual, and the amount of death benefit chosen all make an impact as well.

The younger you are, the less expensive a policy may be. But there are great policy options available for individuals of any age. To receive a quote on a personalized policy that’s right for you and your loved ones, contact us at (517) 694-0149.