Category: Commercial Insurance

What can be better than having a home-based business? You do not have to spend money on rent and can monitor your business without leaving a house. However, as with any other type of business, it needs to be protected. One of the most effective ways to do it is to get proper insurance. 

There are many benefits to getting commercial insurance for your company that you operate from home. First, knowing that your business is not covered by standard home insurance is important. That is why you will be covered for all the expenses if something happens.

Second, you protect your property, including your products (if you have any) or equipment. Some people mistakenly think this is covered by home insurance, but this is not true. Home insurance does not cover anything related to your business, so you need separate business insurance. 

You may wonder how to choose the right policy for your home-based business and make sure that this policy provides the necessary protection. Here are the steps you need to follow when you are getting this type of insurance:

• Prepare all your documents. It is crucial to ensure all your documents are in order. 
• Consult with an experienced insurance agent. An agent will be able to answer all of your questions and find the policy based on your business type, industry, and insurance expectations. 
• Review policies and enroll. Look through the policies you have found, review them, and ask an insurance agent any additional questions you may have. 

Running a business from home can be both exciting and challenging. It is also a huge responsibility. Do not forget to get proper insurance to ensure everything goes right and smoothly. If you are shopping for business insurance in Negaunee, MI, or any other surrounding area, U.P. Insurance Agency Inc. is here to help you. Feel free to contact our agency serving clients in Michigan, and we will help you find the right policy. 

You know it’s important to have business insurance. However, you might wonder what your commercial policy covers as well as what it does not. The best way to find the right policy is to make an appointment with the agents at U.P. Insurance Agency Inc. Meanwhile, here is some critical information about business insurance in Negaunee, MI.

What Is Business Insurance For, Anyway?

You can use it to cover various risks associated with doing business. Many policies include property damage and legal liability. Depending on the nature of your enterprise, you may or may not need general liability, product liability, and other coverage.

General liability insurance shields your business from losses due to bodily injury, property damage, medical expenses, settlements, and more. Meanwhile, product liability insurance reimburses financial loss due to defective products that harm customers.

Professional liability insurance safeguards accountants, lawyers, and other professionals vulnerable to lawsuits for malpractice, errors and omissions, or negligence. Commercial property insurance covers your business property or assets in case of fire, smoke, weather events, and vandalism.

To determine the type of policy that best addresses your business’ needs, meet with a knowledgeable agent at U.P. Insurance Agency Inc.

What Your Business Insurance Doesn’t Cover

Although each policy may vary, there are certain events most commercial insurance excludes. For example, flooding is covered under separate insurance policies, and deliberate acts resulting in damages are not usually written into commercial insurance policies.

Make sure to familiarize yourself with events not covered under your policy. For example, you’ll need workers’ compensation insurance to handle illnesses and injuries employees experience on the job. Additionally, you need homeowners or renters insurance to cover losses to your personal items not related to your business. Let our team evaluate your current policy to make sure there are no substantial gaps in your coverage.

Contact our team today to discuss your business insurance needs in Negaunee, MI.

The U.P. Insurance Agency Inc. team is here to help the greater Negaunee, MI business community with all of its insurance needs. We can review your current policy for completeness and ensure that you have the protection your company needs. Schedule a consultation today!

The importance of fleet protection for commercial businesses

If you own a company that relies on a commercial fleet, it is important that it is properly covered. Without working vehicles, your cash flow, revenue, and stability can all be affected. Imagine what could happen to your bottom line if your vehicles weren’t operational for a significant length of time!

With a commercial policy that includes comprehensive fleet coverage, your company can have the protection it needs. Reviewing the available options with a local agent is the first step in finding an appropriate policy for your unique needs. With this coverage, you will have the peace of mind that comes with knowing that your company can weather future storms! 

Schedule a consultation today to review your current policy and determine if it is sufficient for your firm’s needs. Without adequate fleet protection, your company may grind to a halt if your vehicles are involved in an accident or are otherwise rendered unusable and cause your business to suffer.

We are here for you!

Business owners in Negaunee, MI and the surrounding area can rely on the team at U.P. Insurance Agency Inc. We are here to help you protect all of the hard work that you have put into your company. We understand that it takes a lot of hard work and dedication to build and maintain success! Call our office today and schedule a consultation to learn more about the commercial policies that are available in our area.

Those in the Negaunee, MI area and who want to start a business will find that it can be a great area to begin. In this area, you will benefit from the strong local economy and can continue to enjoy local support for small businesses. As you look to build your company, getting the right insurance is very important. You will benefit in several ways by having commercial insurance here. 

Protection from Liability Risk

One advantage of having commercial coverage for your Michigan business is that you will receive protection against liability risk. A business owner will consistently take on liability risk whenever they complete a product or service sale. As you could be held liable for injuries or damages caused accidentally, mitigating the concern is important. With commercial insurance, you will obtain the commercial insurance coverage that you need in this situation.

Protection for Business Assets

A commercial insurance plan is also going to protect your business assets. If you choose to invest in equipment, inventory, and other commercial assets, you will undoubtedly want to ensure the fully covered assets. If you have a commercial insurance plan in place, it will provide the value and coverage needed to protect these assets in the future. This will include offering support if the assets are stolen or damaged in a number of ways. 

When you are looking to get commercial insurance, and you are in the Negaunee, MI area, it will be important that you get proper insurance coverage. The team with U.P. Insurance Agency Inc. can offer the support needed to choose a proper plan. U.P. Insurance Agency Inc. will answer your questions, address concerns, and provide all support that is needed to build and choose a new plan. 

U.P. Insurance Agency, Inc. assists the Negaunee, MI community by offering residents multiple insurance coverage types. We strive to help our clients find the policies that will prepare them for any situation. We use our status as an independent insurance agency to help our clients find custom policies.

Why Commercial Insurance Is An Asset During The Winter

As a small business owner in Negaunee, MI, you face many challenges daily. The threat of a potential liability issue is always on the horizon. That’s why it is important that you have protection. Commercial insurance will protect your business in the event of a potential liability issue. You will also be covered if your business is vandalized. As the weather starts to get colder, here are a few ways that commercial insurance is an asset to your business.

Higher Chance Of A Liability Issue

During the winter, the conditions normally include inclement weather. Due to both solid and melting snow, there is a chance that someone may slip and fall on your property. The policy will cover you if someone gets injured while visiting your business. Make sure that you shovel snow regularly and always put down salt. It would help if you also placed a wet floor sign at the front of your business.

Protects Your Equipment

Severe weather during the Winter has the ability to cause major damage. The policy will cover you if your equipment is damaged due to severe weather. You can amend your commercial insurance policy to include business interruption coverage if a power outage leaves you unable to operate your business. If you suffer a temporary power outage, make sure that you have a backup generator.

U.P. Insurance Agency, Inc. Will Help You Secure Your Business

For more information on commercial insurance, visit our website today!