Best Business Insurance in Michigan

Michigan is known for Detroit automakers and the Great Lakes and cities like Lansing and Ann Arbor also offer opportunity. Additional manufacturing, agriculture and freshwater technology industries thrive in Michigan. Businesses choose the state for its workforce and low cost of living. 

Protect your Michigan business with the right insurance policy. Check out our list of some of the best business insurance in Michigan to get started today.

Best Business Insurance in Michigan Near You:

• Best Overall for Business Insurance: The Hartford
• Best for Tailored Coverage: Simply Business
• Best for Small Businesses: Hiscox
• Best for Self-Employed: Progressive
• Best for Expert Coverage: biBerk
• Best for Workers’ Compensation: Travelers

Best Business Insurance Options in Michigan

Business insurance should help you cover costs associated with property or liability claims. Take a look at our recommendations for some of the best business insurance providers in Michigan.

Best Overall for Business Insurance: The Hartford

The Hartford offers comprehensive business insurance like property and legal liability policies. The Hartford is our pick for best overall business insurance because its business owner policy (BOP) bundles 3 coverages into 1 policy.

The BOP combines commercial property, general liability and business income coverages. 

• Commercial property helps cover the cost to repair or replace your business’ physical location, tools, computers, inventory and accounts receivable.
• General liability protects from claims due to bodily injury, property damage and advertising mistakes. 
• Business income insurance can help replace lost revenue if you can’t open your business after damage caused by burglaries, fires or destructive winds.

Most states also require workers’ compensation insurance if you have employees. The Hartford also offers workers’ comp to cover any work-related injuries or illnesses. 

Best for Tailored Coverage: Simply Business

Simply Business offers a comprehensive suite of business insurance that specializes in making it easy to insure your business. 

Whether you’re looking for construction workers' insurance or insurance for your startup, Simply Business helps you find the right coverage at the right price. 

Tell Simply Business a little bit about your business and you'll get almost-instantaneous affordable quotes from top insurance providers. You can look into workers’ comp insurance, business owner’s plans, liability coverage and more that will cover everyone on your team, and you can get covered in accordance with Michigan law without overspending. 

Building your business is hard enough. Let Simply Business make it easier. Get a quote from Simply Business today.

Best for Small Businesses: Hiscox

Hiscox provides protection for more than 180 different professions, so you’re sure to find perfect coverage for your small business. 

Its general business coverages include:

• General liability
• Professional liability
• Errors and omissions
• Business owners
• Workers’ compensation
• Cybersecurity

Hiscox also offers a BOP to combine general liability insurance and property insurance. 

Not sure what you need? Hiscox offers a quick 20-second online quiz to help you determine your coverage. 

You can request a free quote from the Hiscox website. Licensed insurance agents are available at 866-283-7545 Monday through Friday from 7 a.m. to 10 p.m. EST. 

Best for Self-Employed: Progressive

The Progressive Advantage® Business Program gives you access to the types of insurance products typical small business owners need. Progressive is a great option if you’re self-employed because its program is designed to work with your budget for customized coverage.

Progressive policies are offered through 3rd party carriers. Policies options include:

• BOPs
• Contractors liability
• Professional liability
• Workers’ compensation 

You can also insure your commercial vehicles through Progressive. An average discount of 10% is offered when you bundle policies. Progressive also has an in-house customer service team to support you 24/7. 

Request a quote online or call 888-806-9598.

Best for Expert Coverage: biBerk

biBerk provides expertise in small business insurance. It's a part of Warren Buffett’s Berkshire Hathaway insurance group and boasts more than 40 years of insurance experience. biBerk insures your business directly and it passes up 20% in savings along to you. 

Choose from 7 different types of business insurance: 

• Workers’ compensation 
• Property and liability
• Professional liability
• Commercial auto
• General liability
• Umbrella 
• Cyber insurance

biBerk is a Better Business Bureau accredited provider with an A+ rating. Get a free quote online or call 844-472-0967 to get started.

Travelers is a leading workers compensation carrier. It has a nationwide network but still provides local expertise. And more than 500,000 customers trust Travelers’ workers’ comp insurance coverage.

Travelers also offers risk management solutions. These measures can help protect your business and your employees as you avoid losses before they occur. 

Other workers’ compensation-related products from Travelers include dividend plans, captive programs, managed care plans, bundled and unbundled loss sensitive programs and drug-free safety credits. 

All Travelers business insurance policies are sold through independent agents. Use its search tool to find an agency near you.

Types of Business Insurance

Here are the most common business insurance coverage options.

• General liability covers common risks like customer property damage and injuries. Most commercial leases require this coverage. Libel and slander lawsuits are also included.
• Product liability protects your business against lawsuit costs if a customer claims a product the business manufactured or sold led to an injury or property damage.
• Commercial property covers your business’s physical assets in the case of fire, explosions, burst pipes, storms, theft or vandalism. Earthquakes and floods typically aren’t covered by commercial property insurance. Separate policies are needed.
• Workers’ compensation is required for every business with employees. It covers medical costs for work-related injuries or illnesses. Policies can also provide protection against partial missed wages or lawsuits over employee injuries. 
• Professional liability is also called errors and omission insurance. This coverage protects your business if your work depends on your expertise. It can also cover client lawsuits over errors and oversights, late or incomplete work and professional negligence lawsuits. 

Cost of Business Insurance in Michigan

Business insurance costs always vary. Factors like your policy coverage, business location, size and number of employees all affect your premium. 

Progressive reports that coverage through its Progressive Advantage® Business Program ranged from $46 per month for professional liability to $85 per month for workers’ compensation in 2019. 

The coverage you choose and bundle will ultimately determine your cost.

Protect Your Business Today 

The right insurance policy is necessary to protect your business. It’s easy to find coverage for your business property, product or service and employees. Contact a few of our recommended providers to get a quote or enter your ZIP code through our online tool to get started now.