Is your small business insured? Are you carrying the right kind of insurance to protect you, your company, your employees and your customers? These are the questions we faced as we were working to launch our company, OfficeDrop. We found that government-mandated insurance such as workers’ compensation go only so far in providing adequate protection. To ensure that all the sweat and money that went into building our business is adequately protected, we needed to carry other forms of insurance. After spending many days talking to various insurance advisors, we narrowed down the insurances to a handful.

Also known as employer’s liability insurance, this insurance is mandatory in every state. By providing workers’ compensation insurance, your company can award employees monetary sums in the event that an employee is injured or disabled while on the job. Since coverage is provided in exchange for the employee’s right to take legal action against the company, you will be protected from lawsuits in the case of employee injury or death.

If your company owns vehicles, then all 50 states require you to carry business auto insurance. The extent of coverage will depend on who drives the vehicles and what your state requires.

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Business Owners Package policy, commonly called a “BOP” contains many of the insurance coverages needed by most small businesses. While these policies are not standard, there is great variation from insurance company to insurance company; there are certain common elements. The basic BOP offers business property for both building and contents, and liability insurance protection for the operation of your business. This liability protection will generally include both the operation of your business, at its established location, and the liability from your products or completed operations.

Some, but not all of the policies, will also offer business income and extra expense protection after an insured loss. BOP policies do not contain all of the coverages needed by a small business. Notably they do not cover any workers’ compensation, professional liability, or business vehicle coverage.

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Great Lakes Insurance Group Agency, Inc. is continuously working to provide the insurance coverage you require. When it comes to protecting your auto, home, business and family, don’t leave it up to chance, or fly-by-night brokers. GLIGA takes pride in its business and strive to be relationship specialists providing you with the total insurance solution for all your needs. Being insured with the best has its advantages.

GLIGA is a one stop shop insurance agency which will get your information and quote several insurance companies. Companies like Farmers, GMAC, Progressive, Safeco, and many others. Because GLIGA has multiple companies, it makes it easier for finding you a great rate. Most companies have one rate, take it or leave it. If the hole is round and you are a square peg, these companies will hammer you into it. GLIGA takes a round peg and put it into a round hole or GLIGA put a square peg into a square hole.

GLIGA serves clients in all of Ohio and Michigan, including: Metro Detroit, Metro Toledo, Oakland, Macomb, Wayne, Washtenaw, Monroe, and Lucas.