Protect your business in Lansing, MI, with insurance coverage from the Great Lakes State Agency. When buying commercial insurance coverage, it’s important to follow all the necessary steps.
The following are four steps you must go through when buying commercial insurance.
Focus on legal requirements.
Remember that you may be required by law to carry certain types of commercial insurance.
Workers’ compensation is the most important legally required type of commercial insurance to consider. In Michigan, most employers are required to carry workers’ compensation coverage.
Customize your coverage to the needs of your company
Every company is unique. You need to conduct a risk assessment and consider the unique insurance needs of your company to choose a policy that offers all the coverage you need and saves you from paying for coverage that your company really doesn’t require.
Get quotes from multiple insurers.
Shop around so that you familiarize yourself with the market for commercial insurance. You can easily get quotes from different insurance providers.
Compare the quotes you get. You should choose the commercial insurance policy that offers you a competitive rate while also providing your company with the coverage it needs for financial protection.
Review coverage details periodically as time goes on
Your company is going to change through the years. As your company grows and develops, you might find that you need additional types of coverage. This makes it essential for business owners to review their commercial insurance policy once in a while and make any necessary changes.
Call us now at Great Lakes State Agency for a quote on an insurance policy for your business in Lansing, MI.
