Every business has a different mix of people, property, vehicles, contracts, and liability exposures. A commercial review brings those risks into one conversation.
Request a business reviewCoverage names can sound similar, but each addresses a different part of the operation. The issued policy, classifications, limits, deductibles, endorsements, exclusions, eligibility, and underwriting control actual coverage.
A BOP may combine eligible commercial property, general liability, and business-income coverage for qualifying small or midsize businesses. It does not automatically include every exposure; commercial auto, workers’ compensation, professional liability, cyber, flood, and other risks commonly require separate policies or endorsements.
May protect an owned or leased building, business personal property, equipment, inventory, furniture, and tenant improvements after a covered cause of loss. Valuation may use replacement cost or actual cash value. Limits should reflect rebuilding and replacement costs, not book value alone.
May respond to covered claims alleging bodily injury, property damage, and certain personal or advertising injury arising from premises, operations, products, or completed work. It generally does not replace professional, auto, employment, cyber, pollution, or workers’ compensation coverage.
May replace eligible lost income and continuing expenses when a covered property loss interrupts operations. Extra-expense coverage may help pay reasonable costs to reduce the shutdown. Waiting periods, restoration periods, limits, and dependent-property provisions matter.
May cover liability and eligible physical damage involving vehicles owned, leased, hired, or used by the business. Driver eligibility, vehicle use, radius, garaging, cargo, attached equipment, and personal use can affect coverage. Hired and non-owned auto may be needed when employees use personal or rented vehicles for work.
May provide statutory medical, wage-loss, rehabilitation, and death benefits for eligible work-related injuries or illnesses, while employers-liability coverage addresses certain related claims. Michigan requirements depend on the operation and workforce; owners, officers, subcontractors, and out-of-state work need careful review.
May provide additional limits above scheduled underlying liability policies after their eligible limits are exhausted. Required underlying policies and minimum limits must be maintained, and an umbrella may not follow every term or exclusion of the underlying coverage.
May protect tools, mobile equipment, installation materials, property in transit, or property temporarily away from the main premises. Scheduled items, theft conditions, valuation, territory, and unattended-vehicle limitations should be reviewed.
The right additions depend on what the business does, the information it holds, the advice it gives, and the agreements it signs.
May address incident response, notification, forensic investigation, data restoration, cyber extortion, business interruption, and certain third-party privacy or network-security claims. Controls such as multifactor authentication, backups, employee training, and payment verification affect eligibility.
Also called errors and omissions coverage, it may respond to claims alleging negligent professional services, advice, mistakes, or failure to perform. Many policies are claims-made, making retroactive dates, reporting periods, and continuity especially important.
May address covered allegations involving discrimination, harassment, retaliation, wrongful termination, and other employment practices. Wage-and-hour matters, intentional conduct, prior knowledge, and certain statutory penalties are often limited or excluded.
May cover eligible theft of money, securities, or property by employees or outsiders, along with certain forgery, funds-transfer, or social-engineering losses when specifically included. Standard property policies often provide little or no protection for these events.
May apply when a product or completed job allegedly causes covered injury or property damage after leaving your premises. Accurate descriptions of products, subcontracted work, revenue, territory, and quality-control practices are important.
May cover eligible sudden mechanical, electrical, or pressure-system breakdown to covered equipment and related property or business-income loss. It is different from normal wear, maintenance, corrosion, or gradual deterioration.
May protect buildings under construction, renovation work, materials, and equipment during a project. Coverage should align with contract requirements, project value, transit and storage locations, testing, occupancy, and the interests of owners and contractors.
Standard commercial property policies commonly exclude flood and may restrict earth movement, sewer backup, ordinance costs, or other catastrophe exposures. Separate policies or endorsements may be necessary based on the property and location.
Leases, customer agreements, lender requirements, and subcontractor arrangements can create obligations that a basic policy does not automatically satisfy.
Identify required limits, additional insured status, waivers, primary wording, indemnification, and certificates before work begins.
Use written agreements and collect current certificates, endorsements, and licensing information appropriate to the work.
Report new services, locations, vehicles, employees, payroll, equipment, sales, or territories instead of waiting for renewal.
Begin with a no-obligation commercial coverage conversation.