Commercial Insurance in Michigan
If you own a small business in Royal Oak, MI, you shouldn’t underestimate the importance of commercial insurance. Commercial coverage from Atlas Insurance Agency in Royal Oak, MI can protect you against catastrophes that can cripple your business or cause loss of revenue. Here’s how commercial insurance works to safeguard your small business in Michigan:
Property Coverage – Whether your business operates out of a shop, office or warehouse, property insurance covers damage to your building due to fire, vandalism, storms or other covered perils. Property coverage also covers the cost of damage or loss to furniture, business equipment, and inventory at your place of business, so you don’t have to use business assets to replace these items.
Liability Coverage – If a customer has an accident on your business property, you could be held responsible for damages. General liability insurance covers the medical costs of accidental injuries to protect your business assets. If your business makes or sells products, you can obtain product liability coverage to protect you against claims of injuries or damage caused by faulty merchandise.
Business Interruption – A major disaster could force you to close up shop temporarily until repairs are made to your business location. This could result in a considerable loss of revenue. Business interruption compensates you for lost income, payroll, operating expenses, loan payments, taxes and even rental of a temporary office, shop or warehouse to help you recover quicker from a disaster.
At Atlas Insurance Agency, we can combine property, liability and business interruption coverage for you in one BOP (business owner’s protection) policy.
Workers Compensation – If your Michigan business has employees, you’re required to have workers comp insurance by law. This coverage protects your business against lawsuits by covering the medical expenses, lost wages and rehab of employees who are injured on the job.
To learn more about commercial insurance coverage and what it has to offer, call or visit Atlas Insurance Agency in Royal Oak, MI today.