Top O' Michigan Insurance Solutions

Business Owners Insurance

What Types of Insurance Do Business Owners Need?

Every business is unique from the products and services offered to what kinds of assets are owned.  That is why it is important to determine what kinds of risks your business faces, how much risk may be avoided, how much you can transfer to other parties and how much you're comfortable in retaining (or self-insuring).   A basic business insurance solution includes coverage for: Property, General Liability, Workers Compensation (if you have employees), Commercial Auto (if you or any employees use vehicles for work purposes), and a Commercial Umbrella.

Did you know that 40% of small businesses will incur a property or liability loss within the next 10 years?

Yet, 75% of business are under-insured and 40% of small business owners operate without an insurance at all.  From unfortunate events like storms or fire damage to burglary and customer slip and falls - having a business insurance solution in place can help protect your company from going out of business.  Without the right coverage, businesses can go bankrupt trying to pay for claim costs out of pocket.

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Other Coverage to Consider

It is important to remember there are many other risks most business owners should purchase coverage to protect against.  Some of those insurance coverages include:

  • Cyber Liability / Data Breach
  • Employment Practices Liability
  • Professional Liability
  • Business Interruption from Dependent Properties
  • Business Interruption from Off-Premises Utility Failure
  • Hired/Non-Owned Auto Liability
  • Inland Marine for  Equipment/Tools
  • Directors & Officers Liability
  • Pollution Liability
  • Bonds and more...

Have questions?

Finding and choosing the right insurance can be a challenge. Please click the image below to contact us today to get started on your business insurance solution!

Contact Top O Michigan

Our Locations

514 N Ripley Blvd
Alpena, MI 49707

(989) 356-6133

150 State St
Hillman, MI 49746

Local: (989) 742-4574

117 S State St
Oscoda, MI 48750

Local: (989) 739-1461

Traverse City
3183 Logan Valley Rd
Traverse City, MI 49684

Local: (231) 947-1164

607 S Morenci Ave
Mio, MI 48647

Local: (989) 826-3989

Iron River
117 W Genesee St, Ste 1
Iron River, MI 49935

Local: (906) 265-5137

322 Bay St, Ste 1
Petoskey, MI 49770-4401

Local: (231) 347-4610

440 W Main St, Ste F
Gaylord, MI 49735-1401

Local: (989) 705-8664