Protecting Your Business From Financial Risk
When you’re busy with the day-to-day operations of running your business, the last thing you want to think about is whether you have proper insurance coverage. With a Commercial Insurance policy from Farm Bureau Insurance, you don’t have to. We bundle basic insurance coverage – like property and liability – along with anything else you might need, to keep your small business protected from financial damages.
Your business is unique and it requires an insurance policy that’s specialized to your needs. No matter what industry you’re in or the size of your operation, we can keep you financially protected from costly damages and claims against your business.
To ensure your company is covered, commercial insurance can be layered for additional protection. Your policy can combine standard liability and property protection with extra coverages unique to your business. Your agent will help determine which package is right for you.
Guardian insurance, also known as a business owners policy (BOP), packages general liability and property coverage, you can safeguard your small business from the most common insurance risks you might encounter.
Commercial Package Policy
Get standard business insurance plus more protection with extra coverages, unique to your business’s needs, in one convenient package.
Commercial Umbrella provides additional protection to you and your assets when your liability exceeds the limits in your existing insurance policies.
Depending on your line of work, there may be other financial risks you’ll need protection against. Our agents are experts in assessing risk and helping you create a specialized policy, with the right amount of limits, for your growing business.
This coverage is designed for risks that are unique exposures to agriculture related businesses, like dairy products manufacturing and produce handlers, that require niche specific protection.
This coverage provides protection from business-related crimes which may not be covered by commercial property insurance. Crimes such as employee fraud, theft or burglary.
Cyber Liability protects against data breaches of private customer information. Businesses who utilize data such as credit card information, personal health records or Social Security numbers should consider this coverage.
Inland Marine helps cover your products and property when they are in transit, such as by a truck or train, and not at a fixed location.
Protect your business against loss before it happens. Loss Control services help implement management systems within your operations to identify and mitigate risks to people and your property.
If your business offers professional services or advice, this coverage protects against claims made from clients. Claims are often made as a result of mistakes or negligence caused by your company.
Ways to Save
Farm Bureau Insurance offers multiple ways to save on your commercial policies, like multi-policy discounts. Contact your Farm Bureau insurance agent to learn how we can save you money on monthly premiums.
Frequently Asked Questions
Farm Bureau Insurance works with small to medium-sized businesses in a variety of industries including:
- Retail store and services
- Auto service and repair
- Commercial buildings and property owners
- Food and beverages
- Professional offices
If your business doesn’t fall within these categories, no worries. Our agents can work with you to create a custom policy that meets your unique needs.
Anyone that owns a business needs some form of insurance coverage to protect against financial losses. Without insurance, you could be financially responsible for costly damages and legal claims against your business. Those expenses can do permanent damage to a growing business.
You can purchase coverage as a standalone product or as part of a packaged policy. A Farm Bureau Insurance agent can help you decide which direction makes the most sense for your business.
These two policies are essentially very similar in that they both combine coverages to protect your business. A Guardian policy, also known as a business owners policy (BOP), will typically include coverage for liability and property, while a Commercial Package policy often bundles a variety of additional protection options specific to your business needs. Our agents will assess your coverage needs to determine the right option for you.
In most cases, if you’re a business owner in Michigan with at least one employee, you will be required by law to carry workers’ compensation insurance. Farm Bureau Insurance offers Workers’ Compensation policies to match your business needs.
If you or an employee uses your vehicle to conduct business, you need a business auto policy to keep you protected.
Common business auto customers include:
- Electricians, plumbers, and HVAC professionals
- Carpenters, painters, and other contractors
- Landscapers and plow services
- Caterers and food vendors
- Real estate and sales
Farm Bureau Insurance offers Business Auto policies to keep you and your employees protected on the road.