If you’ve noticed your auto insurance rates in Michigan creeping up, you’re not alone—and it’s not your imagination. Across the board, consumers are seeing premium increases driven by a perfect storm of factors affecting the auto insurance market. Even drivers with clean records and no recent claims are being hit with higher costs. Understanding the “why” of rising auto insurance rates can help you navigate the current insurance landscape and make smarter decisions about your coverage.
Imagine losing your engagement ring on vacation or discovering that the heirloom necklace you inherited from your mother was stolen from your home—only to find out your insurance doesn’t even fully cover the loss. You may know someone who this happened to. Do you know if your jewelry is properly insured? Sadly, for too many people, it isn’t.
A general liability insurance policy is a foundational type of business insurance that protects companies from financial losses due to claims of bodily injury, property damage, or personal and advertising injury caused by the business operations, products, or services. This is one type of business insurance your business definitely needs.
