Becoming an entrepreneur in any economy can be a daunting task. However, with the recent developments in Michigan, such as the passing of a tax reform plan and the funding of student start-ups by the Michigan Business Challenge, the more enterprising residents are encouraged to throw in their lot and open their own business. The recent spike in new businesses, in fact, jibes with the current confidence in the rising local economy.
With a positive economic outlook, many people are investing their own money or raising funds to start their own business. Given the element of risk in running one’s own business venture, many business owners pay extra for a custom business insurance in Michigan designed to protect the company. Some of the insurance packages you may consider as a business owner are risk management, workers compensation, surety bonds, and commercial auto insurance.