Small Business Insurance in Michigan
At Melton McFadden, we help Michigan business owners find smart, strategic coverage tailored to their company’s needs. Whether you’re a startup or a seasoned operation, we’ll walk you through the policies that matter most.
Common Types of Small Business Insurance
The insurance world is vast—and honestly, a little overwhelming. But don’t worry—we make it simple. Below are some of the most important types of coverage for small businesses. Not sure what you need? Give us a call, and we’ll help you figure it out.
Business Owners Policy (BOP)
Think of this as the starter pack for smart business insurance. A BOP combines key coverages like:
- General Liability – Covers bodily injury and property damage claims.
- Commercial Property – Protects your physical assets from theft, fire, and other disasters.
You can also add on other options for added protection, all bundled in one convenient plan.
Workers' Compensation Insurance
Required by Michigan law, this coverage helps protect both your business and your employees. If a worker gets hurt on the job, workers’ comp helps cover:
- Medical expenses
- Lost wages
- Legal protection if an employee sues
Skipping this coverage can result in major fines—or worse, jail time. Just don’t risk it.
Property & Liability Insurance
This combo covers damage to your own property as well as claims made against your business. It’s essential if you:
- Own a building or expensive equipment
- Regularly interact with clients or the public
- Want to stay protected from lawsuits
Other helpful liability options include:
Commercial Vehicle Insurance
If your business owns, leases, or uses vehicles, this one’s a must. Commercial auto insurance covers:
- Damage from accidents, theft, or natural disasters
- Property damage and injuries to others
- Towing and repairs
Optional add-ons include:
- Fleet Coverage
- Garage Auto Insurance
- Non-Owned Auto Insurance (great if employees drive their own cars for work)
Specialty Liability Insurance
General liability doesn’t cover everything. If your business involves professional advice, leadership roles, or risk-heavy industries, you may need:
- Professional Liability / Errors & Omissions
- Directors & Officers (D&O) Liability
- Pollution Liability
- Marine Liability
These cover everything from bad advice to environmental accidents, and even legal action against company leadership.
Miscellaneous Commercial Insurance
Sometimes your business needs coverage that’s a little outside the norm. We offer additional policies such as:
- Ocean Marine (Hull & Cargo) – Great for marine transport companies
- Boiler & Machinery Insurance – For critical equipment and systems
- Crime & Employee Dishonesty – For protection against internal theft
- Libel & Slander Insurance – Especially helpful for media-heavy businesses
- Special Event Coverage – One-day coverage for events like weddings or corporate outings
Business Life, Disability & Employee Benefits
Want to attract and keep great employees? Offer solid benefits. We help businesses provide:
- Disability Insurance – For short- or long-term inability to work
- Key Man Insurance – Coverage for your irreplaceable employees
- Buy-Sell Agreement Funding – So ownership transitions are smooth if something happens
- Group Life & Health Plans – Insurance packages for teams of all sizes
Let’s Protect Your Business the Right Way
Every business is unique—your insurance plan should be too. Whether you’re looking for a single policy or an all-in-one strategy, Melton McFadden can help.
Contact us today to get started on a personalized plan for your Michigan small business.