Business Insurance Coverage Finder
Discover exactly what commercial coverages are recommended for your specific industry and operations.
Frequently Asked Questions
What business insurance is required in Michigan?
Michigan law requires most employers with three or more employees (or one or more full-time employees working 35+ hours/week) to carry Workers' Compensation insurance. You must also have Commercial Auto Insurance for any business-owned vehicles.
How much does business insurance cost?
A basic Business Owner's Policy (BOP) for a low-risk office or retail shop can start around $500–$800 per year. For contractors, restaurants, or higher-risk operations with employees and vehicles, costs can range from $2,000 to over $10,000 annually depending on payroll and gross sales.
What is General Liability Insurance?
General Liability is the foundation of business protection. It covers legal costs, judgments, and settlements if someone claims your business caused them bodily injury, property damage, or reputational harm (like a customer slipping on your floor).
Does my homeowners policy cover my home business?
No! Standard homeowners policies specifically exclude business liability and provide very limited (often $2,500) coverage for business property. If a client gets hurt in your home office, or a fire destroys your business inventory, a standard home policy will not cover it. You need a home-based business endorsement or a standalone commercial policy.