Starting your business is exciting—but protecting it is just as important. Whether you’re running a home-based hustle in Clinton Township or launching a brick-and-mortar shop in Sterling Heights, insurance isn’t just for big companies. It’s for every startup trying to grow smart and stay safe.
At Michigan Insurance Source Agency, we believe that small businesses are the heartbeat of Southeast Michigan. That’s why we’re here to make insurance simple, affordable, and tailored to your unique startup journey.
Here are 5 affordable insurance policies every Michigan startup should seriously consider:
1. General Liability Insurance
Think of this as your business’s basic body armor.
It protects you if someone gets injured on your property or if your product/service causes damage. If you rent a space, it’s likely required. Even if you’re working from home, this policy is essential to keep you covered from the unexpected.
Cost: As low as $30–$60/month depending on industry.
✅ Great for: Coaches, consultants, retailers, service providers
✅ Covers: Bodily injury, property damage, legal defense
2. Business Owner’s Policy (BOP)
A BOP bundles general liability and property insurance into one affordable package—saving you money without cutting corners.
It’s perfect for startups that own equipment, stock, or rent office/retail space. Many startups love it because it’s flexible and scalable as the business grows.
Cost: Starts around $40–$80/month.
✅ Great for: Retail shops, wellness studios, cafés, offices
✅ Covers: Liability + building contents, equipment, lost income
3. Professional Liability (Errors & Omissions Insurance)
If you offer advice, services, or consulting—you need this.
Professional liability protects you if a client claims your advice caused them financial harm. One simple mistake or misunderstanding could lead to a lawsuit. This policy has your back.
Cost: Typically $30–$50/month for small service-based businesses.
✅ Great for: Accountants, consultants, marketing pros, coaches
✅ Covers: Negligence claims, legal costs, client disputes
4. Commercial Auto Insurance
Using your vehicle for business—even just running errands—means your personal auto policy may not cover you in the event of an accident.
Commercial auto insurance protects your business vehicles or any vehicle used for business purposes.
Cost: Varies, but starts around $70/month for basic coverage.
✅ Great for: Contractors, delivery services, mobile businesses
✅ Covers: Vehicle damage, liability, medical expenses
5. Cyber Liability Insurance
Even small startups are targets for cyberattacks. If you store customer info, take online payments, or use cloud services—you need protection.
Cyber liability covers data breaches, ransomware attacks, and the cost of restoring lost data or notifying customers.
Cost: Around $20–$50/month for small operations.
✅ Great for: Ecommerce, online consultants, service providers
✅ Covers: Data loss, legal costs, client notification, system repair
🛡️ Protect Your Business. Build with Confidence.
You worked hard to launch your startup. Don’t let a lawsuit, accident, or data breach wipe it out.
At Michigan Insurance Source Agency, we specialize in helping Southeast Michigan entrepreneurs find the right coverage at the right price. We know what local businesses need—and we make insurance easy.
✅ Let’s Cover Your Startup Today
Ready to protect your business the smart way?
📞 Call us today at (586) 846-3133
🌐 Or visit us at www.michiganinsurancesource.com
Let’s talk about affordable coverage that fits your startup—without the jargon, pressure, or guesswork.
Because your dream deserves protection.
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