Does a home business need commercial insurance

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Home businesses are a current trend that shows no sign of easing. It makes good sense to save money by not having to rent a space by using your home as your business location. But you must always be aware that this is a business and your home insurance may not be right for your business. At  Halabicky Insurance Group in Brighton, MI, we will work with you to design an insurance package that is right for you and your business. 

Coverage Options For Your Home Business

Property insurance

Commercial property insurance covers not just the physical structure of the building; it covers the things that are required to carry out your business. This includes office equipment, electronics, inventory, raw materials, tools, and much more. If you rely on your home insurance, you will find that it is not designed to protect your business property. To adequately cover your business, you need commercial insurance which is designed for the purpose. 

Liability coverage

Your home liability coverage protects you when you are at home and when you are away. It covers personal visitors who come to your home to visit. It doesn’t however cover anyone who comes to your home to conduct business with you. Being sued is one of the major risks that every business faces and protecting yourself is vital for the future health of your business. 

Business interruption insurance

Business interruption insurance is definitely something that home insurance does not include. If your business can’t operate due to a covered peril, you won’t have any income to pay your bill. Business interruption insurance will allow you to keep up to date with your expenses until you are able to get back in operation. 

Consult With Us

In Brighton, MI and the surrounding area, the Halabicky Insurance Group offers personalized insurance services for all of our clients. Give our office a call to discuss your needs. 

What You Need to Know About Homeowners Insurance and Natural Disasters

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Your home insurance in Brighton, MI covers a lot, but there are some things out there that aren’t under anyone’s control, such as natural disasters. At the Halabicky Insurance Group, we understand the importance of having the appropriate coverage to protect you against the unpredictable nature of natural disasters.

We also want you to understand more about how your homeowners’ policy works regarding natural disasters.

What Is a Natural Disaster?

Natural disaster refers to any severe weather or condition that occurs naturally. Some common natural disasters include:

  • Hurricanes
  • Tornadoes
  • Earthquakes
  • Wildfires
  • Floods

All these things have an element of unpredictability and can cause severe damage to your property. The state isn’t a stranger to things like hurricanes, tornadoes, and wildfires. For that reason alone, it’s vital you understand what your homeowners’ policy covers if one of these natural disasters causes damage to your belongings or home.

Does Your Policy Cover Natural Disasters?

Your homeowners’ policy likely offers some protection from some specific threats, but that’s not always a given. Natural disasters have a low frequency of occurring but often come with a very high cost to deal with in their aftermath.

You should speak with your insurance agent or company about your coverage and whether that coverage extends to damage caused by any of the more common types of natural disasters.

What Natural Disasters Should Your Insurance Cover?

Your policy needs aren’t the same as anyone else’s. Knowing what natural disasters to cover will depend on your specific location, the traditional weather patterns, and a host of other details.

Schedule A Consultation Today

If you are uncertain about your needs or what factors to consider, do not hesitate to contact us at the Halabicky Insurance Group serving Brighton, MI and surrounding areas. We can help you figure out what might work for your needs, as well as what’s common when it comes to natural disasters and associated claims in the area. In this way, you can make an informed decision.

Don’t wait for a disaster to strike; contact us right now about all your home insurance questions and needs.

Why Life Insurance Matters in Michigan

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Leaving your loved ones behind with a mountain of debt is not the ideal legacy. It is crucial to have adequate life insurance to help protect your family’s future in the event of the policyholder’s untimely demise.

What Expenses Can Life Insurance Cover for My Loved Ones?

Smart Michiganders understand the value and peace of mind a life insurance policy can bring, and licensed insurance agents at Halabicky Insurance Group in Brighton, MI can help! 

Funeral Expenses 

Mounting funeral expenses can cause an added financial burden and emotional strain on your loved ones who are left behind to foot the bill. A life insurance policy can reduce some of the financial burden. 

Outstanding Debts

Michiganders can talk to their trusted life insurance agent about policies that include coverage for outstanding debt so their family members aren’t strapped with this financial burden upon their death. 

Mortgages 

Most Michigan homeowners insurance policies won’t cover the cost of making mortgage payments in the event of your death. A life insurance policy can help your remaining relatives make timely payments and reduce or eliminate financial liabilities to mortgage companies and banks. 

Living Expenses

If you’re the primary breadwinner for your family, the instantaneous loss of income upon your death can be another devastating blow to your loved ones who depend on you. Help ease their financial burden with a life insurance policy covering living expenses for a specified period after the policyholder passes away. 

Schedule A Consultation Today!

Don’t wait until it’s too late to protect your loved ones with a Michigan life insurance policy. Contact one of our licensed and compassionate agents at Halabicky Insurance Group in Brighton, MI to learn about the best life insurance policy options and get a free quote today! 

Required Auto Insurance in Michigan

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If you’re a Michigan driver, you’re required to have auto insurance for every vehicle you own. You need to have proof of your insurance coverage in the vehicle to show to police officers upon request. Not having the required auto coverage can leave you vulnerable to fees and fines. If you need auto insurance in Michigan, call us at Halabicky Insurance Group in Brighton, MI. 

Liability Coverage

Your coverage in the state must have at least a specific amount of coverage for each person who is injured. The policy must also have an amount for everyone who is injured in the accident. Then, there is an amount required for property damage. This is liability coverage though, and pays for someone else’s property damage. It can also pay for a legal defense for you if you get sued for the accident.

No-Fault Insurance

The state is a no-fault insurance state. That means that the coverage you have will pay for your medical costs and lost wages after an accident and even funeral costs if necessary. However, the property damage liability coverage won’t pay for the cost of damage to your property. For that coverage, you need to add collision coverage to your policy. This helps to keep you covered when there is damage to your vehicle from an accident. You may also want comprehensive coverage for the things that can happen to be in your vehicle while you aren’t driving it. 

Get Your Insurance in Michigan

If you’re buying a vehicle or you want to change your existing insurance to a new company, we can help. We are happy to tell you more about this insurance and help get you started with a policy of your own. To find out more, call us at Halabicky Insurance Group in Brighton, MI. 

Business Interruption Insurance: Keeping You Afloat During Downtime

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Business Interruption Insurance from a company like ours, Halabicky Insurance Group, helps businesses recover from any financial losses they may incur due to unexpected and unforeseen events that can interrupt their normal operations. These events can include natural disasters, fires, power outages, and other unforeseen circumstances that can cause a significant disruption in the day-to-day operations of a business.

Business Interruption Insurance helps businesses continue their operations and ensure their financial stability during such times.

Benefits of Having Business Interruption Coverage

The benefits of having Business Interruption Insurance in the Brighton, MI area are significant. This type of coverage provides businesses with the financial support they need to continue their operations during a crisis. It can cover various expenses, such as rent, salaries, and utilities, enabling businesses to keep their doors open even when they are not generating revenue.

Additionally, it can cover the costs of relocating, repairing, or replacing damaged equipment or property. Business Interruption Insurance can also help businesses maintain their market position and customer base, as it allows them to get back to normal operations quickly.

Types of Loss Covered Under Business Interruption Insurance

Business Interruption Insurance covers various types of losses, including income loss, extra expenses, and property damage. Income loss is the most common type of loss covered under this insurance. It covers the loss of income that a business experiences during a shutdown. Extra expenses coverage is for the additional expenses a business incurs when trying to continue its operations during a crisis.

Lastly, property damage coverage is for the damage to a business’s physical property, such as buildings, equipment, and inventory.

Reach Out To Us

Business Interruption Insurance is an essential insurance coverage for any business facing a crisis. It can provide financial support during a shutdown, enabling businesses to continue their operations and maintain their financial stability.

Having Business Interruption Insurance can be the difference between a business surviving or closing its doors permanently. We at Halabicky Insurance Group are here to help businesses in the Brighton, MI area understand the importance of this coverage and provide them with the support they need to protect their businesses. Contact us today for more information on how we can help you secure your business from troubled times. 

Essential Coverage For Your Valuables

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As a homeowner or renter, it’s essential to protect your valuables with the right insurance coverage. Your standard Brighton, MI area homeowners or renters insurance policy may provide some coverage for your personal property, but it may not be enough to fully protect your high-value items. That’s where specialized coverage for your valuables from Halabicky Insurance Group comes in. 

Understanding the Types of Valuables Covered

The different kinds of valuables that can be covered under specialized insurance policies generally include:

  • Jewelry,
  • Art,
  • Antiques,
  • Collectibles,
  • And other high-value items.

Now, every insurance policy covers different types of valuables. For example, some policies exclude coverage for items like furs, while others only cover jewelry up to a certain value. So, in order to make sure you get a policy that covers your specific needs, it’s essential to read the policy carefully before signing. If you already have an insurance policy that does not cover what you need, let us know, and we’ll be happy to help you find a suitable replacement. 

Know the Difference Between Replacement Value and Actual Cash Value

The next step when it comes to insuring your valuables is to understand the difference between replacement value and actual cash value.

Replacement value coverage will reimburse the cost of replacing a lost or damaged item with a similar item of equal value.

Actual cash value coverage, on the other hand, considers depreciation of value and will only reimburse the current value of the lost or damaged item.

Of the two, replacement value coverage is typically more expensive, but it can provide better protection for your high-value items.

What If You Have Multiple Properties?

If you have multiple properties, inside or outside of the Brighton, MI area, such as a primary residence and a vacation home, you may need specialized coverage to protect your valuables. Depending on the value of your items and the location of your properties, you may need separate policies or a single policy that covers all your properties. It’s important to work with one of our experienced insurance agents at Halabicky Insurance Group to consider the many coverage options for your unique situation.

Reach Out To Us!

Protecting your valuables with specialized insurance coverage is essential for homeowners and renters. Understanding the types of valuables covered, knowing the difference between replacement value and actual cash value, and considering your coverage options for multiple properties are all important factors in ensuring you have adequate protection for your high-value items. At Halabicky Insurance Group, we can help you find the right coverage for your unique needs. Give us a call today or fill out our contact form to get started. We’re excited to hear from you!

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