Michigan Business Insurance
Customized protection for your Michigan business
Small business owners in Michigan should consider business insurance to protect against risks associated with their business property, employees and daily operations. Choosing to run a business without insurance can result in debts that can put a business’s future at risk.
In 2022, private sector businesses accounted for nearly 80% of Michigan’s 104,800 non-fatal workplace injuries, according to the Bureau of Labor Statistics. Business insurance helps minimize the business disruptions and financial damages that often result from incidents like these.
The Progressive Advantage® Business Program can help you find the business insurance you need to safeguard your livelihood. Shop for general liability, professional liability, a business owners policy (BOP) and more.
Types of MI business insurance
Michigan business insurance cost
The cost of a Michigan business insurance policy depends mostly on your profession. Businesses are typically rated on the exposures that are unique to their industry. For example, a roofing contractor can expect to pay more for coverage because their job is physical and requires working high off the ground.
Other factors that affect your cost include your coverage needs, business size and location. For example, a business located in Detroit can expect a different rate than one located in Grand Rapids, and a business that has employees might pay more than a business that doesn’t.
Michigan business insurance requirements
Michigan state law doesn't require business insurance except for workers' compensation. Private employers are required to have coverage if they have one or more employees who work more than 35 hours per week. This rule also applies if they regularly employ three or more employees at one time.
Other criteria exist for agricultural, domestic and public employers. Learn more about workers’ compensation in Michigan to find out if it’s mandatory for your business.
While Michigan doesn’t require other business coverages, such as general liability and professional liability, many employers and prospective clients do. Their contracts often specify the types and amounts of coverage you need before you can begin working with them.
Resources for Michigan small business owners:
Michigan professions we insure
We help small business owners from a wide variety of industries, including these common professions:
Browse more examples of professions we insure.
Business insurance for all Michigan cities
We can customize business insurance in all Michigan cities, including, but not limited to:
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