Small Business Insurance: Protecting What You’ve Built
You’ve poured your heart and soul into building your small business. At Frankenmuth Insurance, we understand. We recognize that small businesses are the backbone of the economy and vital to local communities. That’s why we offer comprehensive small business insurance designed to provide essential protection for whatever the future holds.
Businessowners Policies: A Cost-Effective Solution
For many small businesses, a businessowners policy (BOP) provides cost-effective coverage, combining general liability and commercial property insurance into a single, streamlined policy. BOPs are particularly well-suited for businesses such as:
- Contractors
- Retail stores
- Professional offices
- Personal services
- Wholesalers and distributors
Standard BOP Features
A standard BOP includes several key components:
- Business Liability: Covers legal and medical expenses if someone is injured at your business, by your products, or while participating in a service you offer. Coverage extends up to the policy limit.
- Commercial Property: Protects your building and its contents, including computers, office furniture, mechanical equipment, and inventory.
- Business Interruption Insurance: Provides financial protection if you need to temporarily close your business due to an insured loss.
While BOPs offer pre-packaged coverage, they can be tailored to meet the specific needs of your business. Our local, independent agents take the time to understand your unique circumstances.
Industries We Serve
Our policies are adaptable for various industry segments, with customizable limits, to ensure the best coverage. Ask your agent about our Diamond, Premier, and Select coverages suitable for:
- Construction
- Offices and Professional Services
- Real Estate
- Retail Stores
- Service Industries
- Wholesalers and Distributors
Additional Coverages for Small Businesses
Beyond the standard BOP, Frankenmuth Insurance offers a range of additional coverages to address the specific needs of your business:
- Workers’ Compensation: Provides coverage for your employees, paying for medical bills and lost wages due to work-related illnesses and injuries. This coverage is required in most states.
- Employment-Related Practices Liability (EPLI): Covers legal fees associated with employee lawsuits alleging discrimination, harassment, or wrongful termination.
- Inland Marine (Off-Premises): Coverage for mobile, off-site property that becomes lost, stolen, or damaged. This is especially applicable for businesses that transport goods or equipment.
- Hired and Non-Owned Auto Liability: Coverage for leased, rented, and employee-owned vehicles used for business operations.
- Equipment Breakdown: Helps you recover from damage to mechanical equipment and building systems, as well as business income loss, spoiled inventory, and the costs of mandatory inspections.
- Professional Liability: Also known as Errors & Omissions (E&O), this coverage pays legal expenses if your business is sued for unsatisfactory work.
- Employee Benefits Liability: Helps you recover from claims filed by employees related to the negligent administration (communication, record keeping, or termination) of their benefits plan.
The Frankenmuth Insurance Difference
When you trust Frankenmuth Insurance to protect your livelihood, we aim to earn and retain your business through transparent and honest service. We’re committed to providing you with the coverage you need. We strive to provide excellent service, reflected in the following:
- AM Best Rating: A+
- Better Business Bureau Rating
- Claims Service Satisfaction Rating
We provide tailored insurance solutions to meet the unique needs of your small business. Contact us today to learn more about how we can help you.
