Rick Young Insurance's Blog

A micro-business operated by one person in Michigan may be launched without much capital investment, and if this is the case the business owner may choose to forgo the protection of business insurance in Michigan. Entrepreneurs who start a business on a shoestring sometimes do without business insurance during the business startup stage. 

Later, as the business owner’s investment of time, effort and talent accumulates and capital is spent on acquiring business assets such as computers and other equipment, the business owner may want to protect these investments by purchasing property insurance. Property insurance compensates the business owner if assets such as equipment, inventory items or furniture are lost or damaged because of a peril like fire or burglary.

Has your micro business grown and your investment increased since the business was launched? Do you depend on assets like business equipment or software to perform business activities? Now might be the time to investigate how business insurance could protect your business from the effects of accidents or mishaps. Recovering lost data, repairing damaged equipment or replacing inventory stolen in a burglary might be inconvenient, but your business should be able to continue almost without missing a beat if you carry business insurance to compensate you for these losses.

Having launched a micro business and contributed your efforts to help the business grow, is it time to take the next step and purchase business insurance in Michigan? Entrepreneurs: don’t let mishaps and disasters erode your business profits; call us and we’ll be happy to work with you to find an appropriate business insurance solution for your growing business.

*