As a small business owner, you have a lot of expenses that you have to account for before you even open your doors. Some of the initial expenses of a new business owner include leasing an office space, paying contractors or employees and purchasing equipment. In addition to those costs you may also want to consider purchasing a business insurance policy. Business Insurance in Canton can protect your personal and business finances in case of a disaster. When you own a business, there are several reasons to have a commercial liability insurance policy.
Insurance can protect your business against property loss. Properly losses can occur due to fire, storm damage, theft or other criminal activities. As a small business owner, you may not be able to replace your assets if they are lost or damaged beyond repair. Unfortunately, without sufficient insurance, you may have to close your business after a significant loss.
Another advantage of having a business insurance policy is protection from lawsuits. Insurance can protect your business if a customer or vendor is injured on your premises. Business liability insurance may also protect your business if an employee causes an injury while they are away from your premises doing business for your company or if one of your customers claims your product is defective and files a claim against your company in civil court.
In addition to liability insurance, you will also need worker’s compensation insurance to protect your business in the event an employee in hurt on your work site. Worker’s compensation covers medical expenses for employees who are injured at work and disability pay for those who are temporarily unable to return to their job due to an at-work injury. If you have one or more employees, you may be required by Michigan law to carry worker’s compensation insurance.
Whether you need worker’s compensation insurance, Business Insurance in Canton or Home Insurance in Fenton, Heidi Kussurelis Agency can help you evaluate your needs and design an insurance policy that will protect your business or your home. As a local business, Heidi Kussurelis Agency has been serving the unique insurance needs of Ann Arbor-area businesses since 1996.
