Small Business Insurance Question Michigan?

Mar 20, 2007 by todd | Posted in Insurance & Registration

I own and operate a small painting business that is expanding. I do mostly residential, but some commercial and light industrial work. I need about 1 million dollars in insurance. Where is the best place to buy insurance in my area?

You need a general commercial liability policy (GCL) Check with local agents in your area.
They will want to see:
how long the business has been established/ yrs of experience.
Your annual payroll
3 most recent jobs

What is the approximate cost of business insurance for a restaurant in Mt. Pleasant, Michigan?

Apr 13, 2006 by Stewie | Posted in Insurance

I am a college student looking for approximate cost to put in a project for a restaurant budget, the restaurant is to be located in Mt. Pleasant, Michigan. I guess it really doesn't have to be in Mt. Pleasant, but just in general.

I've written restaurant insurance before and it depends on many things. Will there be alcohol sold? Then you would need liquor liability in addition to having coverage on the building. The building itself you will need to find out what the square footage is and approximate age. As an example: a restaurant with liquor liability insurance including building coverage was $8700 a year.

What type of insurance do I need to run a cleaning business in Michigan?

Apr 27, 2008 by Just_me | Posted in Insurance

My son's teacher said that the preschool he attends are taking bids on cleaning there facility but you need to be insured so I was just wondering if anyone knows what type of insurance I would need to carry to place a bid. There current company is not very good cleaners and they want to hire me but I need insurance please help! but please if you dont know the answer please dont post! Thanks

The basic business insurance normally includes general liability insurance, commercial auto coverage, workers' compensation and equipment breakdown. These may be all combined into a package policy, but you need to check with your agent to make sure you have coverage in these four areas. Besides the coverage listed above, the janitorial service industry has risks unique to it and you should make sure that you are covered for the following:

*Lost key coverage. This should pay to replace lost keys, adjust locks, or purchase and install new locks.

*Coverage for property in your care. This may include rental property, such as carpet cleaning or floor care machines.

*Theft of customer property coverage. This should cover losses incurred for theft and losses that occur from negligence, such as an employee who forgets to lock a building and allows a thief to steal your customer's valuables.

*Limited pollution coverage. As a cleaning company your employees will most likely be working with an assortment of chemicals. You need to have coverage for accidental job site pollution that may arise from chemical spills.

*Business income coverage. If your biggest customer went out of business and your main source of income dried up, could you stay afloat until you had a chance to sign on new clients?

*Office equipment coverage. Check your policy to make sure you have enough coverage for your computers and office equipment. If you have a home-based business you might be able to get a rider attached to your homeowner's insurance policy. How do you choose an insurance carrier? To make sure that you get the proper insurance and the right types of coverage you should look for an agent that has experience working with businesses that provide janitorial services. Remember, the more your insurance agent knows about your business, the more confident you can be that he or she will provide a comprehensive program that meets your needs.

Look for a company that is financially strong and stable. It is also important to know that the company has a solid history of paying claims in a timely manner. Once you have an agent that understands your company's needs you should consider buying all of your business insurance policies through one company. This saves on paperwork and you are more likely to make sure that all of your various coverages work together.

Once you have your policies in place don't forgot about your insurance. Keep your agent informed of any changes in your business, i.e., new business location, new vehicles, etc. Also, make an inventory of all of your property; keep one copy at the business and one copy of the inventory off-site. Provide a good safety training program to your employees to reduce the likelihood of accidents and injuries.

Any one incident that happens could cause serious problems for your business and without the proper insurance coverage, could put you out of business. Taking time before something happens is vital to make sure that your business will survive if a catastrophe happens. Getting suitable insurance for your cleaning company can be a complex and confusing task. But having the proper insurance coverage for your company is something you can't afford to be without.

Business insurance Directory

Farm Bureau Insurance of Michigan - for your farm, home, life, auto and ...
Providing Michigan residents with farm, home, life, auto and business insurance. ... Reward yourself with the many benefits of membership in Michigan Farm Bureau. ...

Michigan Business Insurance Quotes - Directory of Michigan Insurance ...
A free, no obligation service with over 27 Michigan Insurance Agents for Business Insurance. Request quotes, read reviews, and compare pre-screened Michigan ...

Auto, Home, Business Insurance in Michigan - Finn's JM&J
Finn's Insurance in Ann Arbor and Ypsilanti, Michigan can handle all your insurance needs including auto, business, home, life and health insurance.

Business Insurance in Southfield, MI at Superpages.com
Find Business Insurance in Southfield, Michigan at SuperPages.com. Superpages has listings for many more Southfield businesses.

Michigan Business and Commercial Insurance Companies
Michigan Business and Commercial Insurance Agents ... Corporation and Business Insurance in Michigan. Ada Insurance Center. 616-676-4000. 6440 Fulton, E ...