Business insurance is very important for protecting your livelihood and potential financial legacy. That said, there may be more types of coverage available than you know. According to data collected by the Organisation for Economic Co-operation and Development, insurance makes up over 11% of the U.S. national GDP, and a lot of that value comes from specialized insurance offerings. Here are just a few of the many types of business insurance you may want to consider if you're aiming to protect your business.
If your business uses vehicles for any kind of commercial purpose, those vehicles require commercial coverage. You can't use your car or have employees use their vehicles while getting things done. You might have deliveries to make or need to drive from one worksite to another. Whenever you use a vehicle for business purposes, you must have commercial auto insurance to protect against liability if an accident happens.
When you have employees, customers, or other visitors inside your place of business, you owe them a duty of care to ensure it's reasonably safe. Customers, workers, and other vendors are some of the many people who might come to your business and possibly suffer an injury or illness due to some accident that happens. Your business insurance for liability will pay up to policy limits for the costs of injury accidents and other mishaps at your place of business.
If you operate a restaurant, hospitality establishment, bar, or club, you likely already know that liquor liability coverage is imperative to function legally. The State of Michigan Liquor Control Commission ensures that all businesses selling alcohol are covered properly. At Fischer Insurance, our team sends proof of your coverage directly to the MLCC on your behalf. That said, this coverage may also be necessary if you're running an event like a fundraiser. An expert agency can help you determine if this coverage is something you need.
If you're a business owner in need of insurance in Bellaire, MI or the surrounding areas, we can help. Call today to learn more about
business insurance coverage and the many ways in which it can be tailored for your commercial enterprise! You can also reach us by email or by filling out our quote request form online.
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