In 2018, private sector businesses accounted for nearly 87% of Michigan’s 104,800 non-fatal workplace injuries, according to the Bureau of Labor Statistics. Business insurance helps minimize the business disruptions and financial damages that often result from incidents like these. The information provided on this website does not constitute insurance advice. All content and materials are for general informational purposes only. Complete Insureon’s online application and contact one of our licensed insurance professionals to obtain advice for your specific business insurance needs. Insureon’s licensed agents can help you find policies that fulfill Michigan’s requirements and your business insurance needs through this link deckervillemich.org
Our team is just an email or phone call away to assist with claims, billing, enrollments, terminations, new ID card orders, and more. We rely on licensed agents to provide the quoting and enrollment services for our members and prospects. If you need to be connected with an agent, contact us and we’ll find someone in your area who can help.
But generally, companies with higher employee counts pay more per month, so make sure that you have correct numbers before you request a quote. Construction companies that Next Insurance serves in Michigan pay a median of $67 per month for coverage since workers in that industry face routine hazards. On the other hand, architects in Michigan often buy $25-per-month insurance bundles. Hired and non-owned auto insurance, which helps pay for accidents that happen in vehicles not titled to a company. The state also mandates workers’ comp coverage for businesses that have employed one person for at least 35 hours per week for 13 weeks in the previous year.
We recommend that all small business owners in Michigan who occasionally hire staff members add workers’ comp coverage to their insurance package. If someone gets hurt on the job, workers’ compensation insurance helps protect the business owner and the employee. Even if you’re just starting up, you can find Michigan business insurance coverage that’s right for you. This type of Michigan business insurance helps protect your company if an employee is injured, contracts an illness or dies as a result of an incident on the job.
We’re part of Warren Buffett’s Berkshire Hathaway Insurance Group with millions of satisfied customers, more than 75 years of insurance experience, and $38 billion in paid claims in 2020. 1According to the Michigan Department of Insurance and Financial Services 2019 Individual and Small Group network filings, excluding out-of-state and Upper Peninsula providers. Price-sensitive groups with employees who are geographically located within the Tier 1 service area. We’re a nationally recognized nonprofit health benefits company focused on improving the health and lives of one million members across Michigan. Give us a call, stop by, or request a quote online to find out how much we can save you on your insurance.
It protects businesses from claims of professional negligence, both actual or alleged, and helps pay for defense costs. Employers in Michigan with fewer than 50 full-time employees are not required to offer health insurance coverage. A business that has 50 or more full-time employees is required to provide health insurance options in Michigan. If they do not offer some form of health insurance, they may face penalties in the state of Michigan. Business liability insurance is an insurance policy designed to protect your Michigan business from financial loss. Any financial loss can be devastating for any business, especially if they’re facing claims of damage or injury caused to others by either you or your employees.
The State of Michigan offers programs aimed at helping employers fill job openings and provide safe, healthy work environments for employees. Small businesses with fewer than 10 full-time employees that pay average annual wages of $25,000 or less may qualify for the full credit. The amount of the credit is reduced for companies with more full-time workers and higher wages until it is phased out entirely for those with 25 or more full-time workers and average annual wages over $50,000.
This agency is responsible for regulating all insurance policies sold in the state, including commercial liability coverage. There are two types of insurance coverage every business in Michigan is required to have, and several are recommended. This is not required but is readily available, please upload your most current insurance policy coverage declarations pages in PDF format so we can see the exact coverage limits you’d like us to compare.