According to the U.S. Small Business Association, small businesses account for 47.9% of employment in Michigan, so their health is vital to the American economy. You can ensure your business’s health by having insurance to cover your legal and contractual obligations at a risk level you find comfortable. Our Premier Insurance Agency, serving Detroit, MI, will help you understand your commercial insurance options and structure coverage that meets your needs.

Commercial Insurance Overview

Small businesses have many of the same insurance needs as large companies and often need more protection because they lack a larger organization to fall back on when difficulties arise. Unforeseen events can threaten the life of a small business, so you need to carry the right combination of insurance based on your industry, number of employees, vehicle use, and other factors.

Many small businesses simplify and reduce the cost of coverage by bundling business property and liability insurance into a business owner’s policy (BOP). If you have employees, you will also need workers’ compensation insurance, and many small businesses require product or service liability insurance.

A common mistake among small business owners is believing their personal auto insurance covers the business use of a private vehicle or that their home insurance covers office equipment, tools, supplies, and other business assets kept at home. Personal policies do not cover these business activities or assets, so you must protect your business and livelihood with the appropriate commercial insurance to cover business activities and assets. 

Working with Premier Insurance Agency 

Premier Insurance Agency, serving the small business community in Detroit, MI, will develop an insurance plan to protect your business against unforeseen events. Give us a call today to discuss your commercial insurance options.

According to the U.S. Small Business Association, small businesses account for 47.9% of employment in Michigan, so their health is vital to the American economy. You can ensure your business’s health by having insurance to cover your legal and contractual obligations at a risk level you find comfortable. Our Premier Insurance Agency, serving Detroit, MI, will help you understand your commercial insurance options and structure coverage that meets your needs.

Commercial Insurance Overview

Small businesses have many of the same insurance needs as large companies and often need more protection because they lack a larger organization to fall back on when difficulties arise. Unforeseen events can threaten the life of a small business, so you need to carry the right combination of insurance based on your industry, number of employees, vehicle use, and other factors.

Many small businesses simplify and reduce the cost of coverage by bundling business property and liability insurance into a business owner’s policy (BOP). If you have employees, you will also need workers’ compensation insurance, and many small businesses require product or service liability insurance.

A common mistake among small business owners is believing their personal auto insurance covers the business use of a private vehicle or that their home insurance covers office equipment, tools, supplies, and other business assets kept at home. Personal policies do not cover these business activities or assets, so you must protect your business and livelihood with the appropriate commercial insurance to cover business activities and assets. 

Working with Premier Insurance Agency 

Premier Insurance Agency, serving the small business community in Detroit, MI, will develop an insurance plan to protect your business against unforeseen events. Give us a call today to discuss your commercial insurance options.

For classic car owners in Detroit, MI, our qualified insurance agents at Premier Insurance Agency work to provide coverage options that consider the needs and wants that classic and exotic car owners may have. While every vehicle is essential, exotic and classic vehicles have a special place in their owners’ hearts for good reason.

After you pour your blood, sweat, and tears into upgrading or buying such a pricey vehicle, you want to ensure it’s protected from liability, theft, and other issues. If you’re an exotic vehicle owner, you may wonder if classic car insurance could provide more appropriate coverage than a standard auto insurance policy. Although every policy is different, we may be able to give you some general answers below.

Can Classic Car Insurance Cover Exotic Vehicles?

Even though specific terms and limits may vary from one classic car insurance policy to another, exotic vehicles are generally covered by most classic car insurance policies. There may be some stipulations on the policy that prevent certain exotic cars from being added to it. For example, if your exotic vehicle is your primary vehicle, you may not be able to get classic car coverage for it.

Additionally, coverage for replacing a stolen exotic vehicle may vary between policies, so it’s worth asking questions about the kinds of coverage that matter most to you before you decide to go with a specific policy. An antique, exotic car would almost certainly be covered by classic car insurance since it’s a classic car and has special considerations that regular auto insurance wouldn’t address.

For information on our classic car insurance, call Premier Insurance Agency in Detroit, MI, today! Whether you’re a classic or exotic car owner, we’re always happy to help.

Whether you like to have fun in the sun or play in the snow, you can enjoy many activities outdoors. Many of those activities involve recreational vehicles that you will want to protect with an adequate amount of the appropriate type of insurance policy. Our agents at the Premier Insurance Agency serving the Detroit, MI area stress the importance of having a recreational insurance policy in place so that you can have fun and peace of mind.

What is Recreational Insurance?

Recreational insurance, also known as leisure or specialty insurance, will provide you with coverage specifically designed to protect vehicles and equipment usually utilized for recreation, aka fun.

Types of Recreational Insurance

You can choose from several types of recreational insurance, depending on your preferences and situation.

Golf Cart Insurance

Many people enjoy a good game of golf. If you are one of those people, you will want to have recreational insurance on your golf cart. This will be very important if you have an accident in your golf cart or someone steals it from you.

ATV and Off-Road Vehicle Insurance

If you enjoy a fun and exciting ride on a four-wheeler or other ATV (all-terrain vehicle) or off-road vehicle, you should have a recreational insurance policy in place. You never know when an accident with possible injuries is going to happen, so you will want to be protected. This insurance will also help you if your ATV or off-road vehicle is stolen.

Snowmobile Insurance

If you love snowmobiling, you will have even more fun knowing that your snowmobile is covered if you have an accident. It will also help you with medical bills if anyone is injured or your snowmobile is stolen.

Call for a Quote Today!

Our agents at the Premier Insurance Agency serving the Detroit, MI area are ready to assist you with your recreational insurance needs. Give us a call today to get your policy started!

If you own a motorhome, you need to have your motorhome covered by an insurance policy that protects you financially. At Premier Insurance Agency, we offer motorhome insurance policies to consumers in Detroit, MI. 

You shouldn’t assume the following four things regarding your motorhome insurance needs. 

Motorhome insurance and auto insurance are basically the same thing.

Consumers need to realize that motorhome insurance policies can differ significantly from auto insurance policies.

Motorhome insurance policies are classified according to the type of motorhome being insured. A motorhome insurance policy specifies whether it covers a Class A, B, or C motorhome. 

Unlike auto insurance, motorhome insurance also offers features like the option to buy full-time coverage for consumers who live in their motorhome. 

A motorhome insurance policy covers all of the parts of your motorhome.

Motorhome owners need to realize that their motorhome policy won’t necessarily cover every component of their motorhome. Basic policies are unlikely to cover special add-ons like bike racks or interior furnishings. 

All motorhome insurance policies are pretty much the same.

It’s essential to look at the details and options when you buy a motorhome policy. Motorhome insurance policies offer many coverage options and special features to explore.

It would be best to decide how much coverage to purchase and understand options like roadside assistance, comprehensive coverage, and more. 

You don’t need motorhome insurance because your home insurance provides the necessary coverage.

You cannot rely on your home insurance policy to cover your motorhome. While home insurance might cover your motorhome while it’s on your property, it won’t provide coverage for your motorhome while you’re driving it elsewhere. 

Call us today at Premier Insurance Agency to learn more about your motorhome insurance options. We’ll provide you with the coverage you need for your motorhome in Detroit, MI. 

New owners of recreational vehicles might be surprised to learn that potential insurers take a strong interest in where the RV sits during the off-season. Like a house or building, an RV is subject to damage or decay, whether in use or idle. It is little surprise that insurance companies will ask whether the RV makes its home in a garage, under a shed, on the street, or at an off-site campground away from the residence. Risk factors include weather, climate, crime, infrastructure, and distance from your house. Any or all of these conditions affect coverage decisions and premium rates.

An RV parked at home has certain advantages. In limited cases, it might be included for certain claims under the homeowner policy. Furthermore, the owner does not have to rent vehicle space at a park or storage facility. Nevertheless, at home or elsewhere, every location is likely to have blizzards, floods, vandalism, theft, earthquake, lightning, and arson. The insurer must assess the risk of any of these at the site where the RV is "garaged." High exposure to unfortunate events means a higher probability of claims.

The Detroit, MI metro area has its unique record relative to hazards that impact a parked RV. As a local business familiar with the region, Premier Insurance Agency is positioned well to find insurance coverage that meets the needs of RV enthusiasts while offering competitive premiums. Our insurance professionals are knowledgeable and experienced with Michigan statutes, Detroit weather, and regional demographic patterns. This wisdom helps you to maximize your benefits at affordable prices. Today, learn how a specific RV location will affect insurance coverage details.

Having a reliable mode of transportation is essential for all people in the Detroit, MI area. Getting a motorcycle is a great option when you are looking for a new vehicle. A bike is not only an efficient mode of transportation, but it also can be fun to use when the weather is nice. Along with your motorcycle purchase, you also need to get insurance for it. There are a lot of situations when a motorcycle insurance plan will be needed in Michigan. 

When Driving on a Public Road

A situation when you need to have a motorcycle insurance plan is when you are driving it on a public road. All motorists in Michigan will be obligated to carry insurance with liability coverage. This extends to motorcycle operators. If you are not adequately insured, you can face various penalties, including fines or even loss of licensure. 

When Taking Out a Loan

A motorcycle today can be a rather expensive asset to purchase. Because of this, it would be a good idea to ensure you are protecting your investment. When you get a proper motorcycle plan, it will provide coverage to replace and repair the motorcycle. If you have taken out a motorcycle loan, you will need to carry full comprehensive coverage until you have paid the loan off. 

For individuals living in Detroit, MI with a motorcycle, obtaining the appropriate motorcycle insurance policy is quite important. If you are ready to start your search for coverage, our team with Premier Insurance Agency is at your service. Our proficient staff at Premier Insurance Agency knows the significance of this coverage. It is skilled in providing the information to develop a policy that best fits your situation. 

Many states don’t require boat owners to carry boat insurance. However, this doesn’t necessarily mean that you shouldn’t invest. You should consider other variables before deciding to skip boat insurance. Our team at Premier Insurance Agency is committed to helping Detroit, MI boat owners understand the benefits of boat insurance. 

What is Boat Insurance?

Boat insurance provides protection or coverage for your watercraft. Like car insurance, boat insurance can provide everything from liability coverage to full coverage insurance that would cover damage or the loss of your boat. This insurance also includes coverage for your boat, regardless of whether it’s on land or in water. Of course, liability coverage would cover damage you cause to another person’s property or boat and injuries that you may cause to others. The state of Michigan doesn’t require boat owners to purchase boat insurance. 

How much boat insurance should I invest if I’m financing my boat?

Although Michigan state law doesn’t require boat owners to carry boat insurance, any marina you frequent may require boat insurance if you plan to dock your boat. You may also be required to carry boat insurance if you lease your boat or have a boat loan. State law may not require you to invest in boat insurance, but other factors may require purchasing boat insurance. If you have questions about boat insurance and want to explore your options, call us. We’d be happy to answer all of your questions. 

Even though Michigan law doesn’t require boat insurance, it may still be necessary if you plan to dock your boat — many marinas require proof of insurance. Lenders also typically require a set amount of coverage if you’re financing your boat.

Are you looking to add extra protection for yourself, your family, or your business? If so, umbrella coverage may be just the right fit. At the Premier Insurance Agency, we offer umbrella insurance policies to provide our customers with additional financial protection.

What is Umbrella Coverage?

Umbrella coverage is an additional policy that provides extra liability protection beyond what they offer in your existing home and auto insurance policies. It covers damages such as serious injuries, pain and suffering compensation, and "excess" medical expenses exceeding your other policies’ limits. This policy also covers legal fees if they sue you for damages caused by an accident.

Why Do I Need Umbrella Coverage?

Umbrella coverage can be especially beneficial if someone sues you for damages from an accident and you have assets at risk. It can help protect your savings, investments, and other support from being taken away in a lawsuit. Additionally, it can provide peace of mind knowing that you have extra protection in the event of an accident or injury.

For homeowners with a business, umbrella insurance is a great way to protect your business and personal assets. It allows you to extend coverage beyond what the typical business liability policy offers, providing extra protection in case of a lawsuit. It is important to note that umbrella policies are only applicable when an accident or injury is beyond the limits of your other insurance policies.

It would be best to talk to an agent at Premier Insurance Agency about what umbrella coverage in Detroit, MI can do for you.

How Can I Get Umbrella Coverage?

If you live in Detroit, MI, and want to add umbrella coverage to your existing home and auto insurance policies, contact Premier Insurance Agency today!

Condo insurance is one of the first things you will purchase when you close on your new dwelling. Now that you have your condo, you want condo insurance to provide you with coverage. There is a lot that you get in terms of coverage with condo insurance, but does that include a theft inside of the property? Theft can occur in Detroit, MI and abroad, but knowing if you have coverage critical.  

Theft Coverage is Common

Theft coverage is common when it comes to condo insurance policies. The Premier Insurance Agency team can help you understand what coverage you have in the event of a theft and what you do not.

Theft coverage starts with an inventory of what you have inside the home. If there is something highly valuable, such as a diamond ring, you want that listed as part of your condo insurance policy so that the value is known.  

Personal belongings outside the special items will also get coverage in the event of a theft. These items include things such as furniture, clothing, and electronics.  

Value of the Items

What is the value you get for your items or personal belongings in the event of a theft? Usually, what you will have is known as replacement cost coverage. If you have items stolen from your condo, you will be covered for the repair or replacement cost minus your deductible.

Detroit, MI condo owners need to understand what they get with their condo insurance policy. Coverage is best understood by talking to a professional such as the team at Premier Insurance Agency. When you understand condo insurance and where theft coverage comes into play, you’ll have a complete picture of its value.