Business insurance designed for carpenter business in Michigan
NEXT makes business insurance unbelievably easy and affordable. Our coverage is tailored for carpenter business so you know you’re getting coverage that was designed with you in mind. Insurance coverage for carpenter business in Michigan often include:
- General liability
- Professional liability
- Workers’ compensation
- Tools & equipment
- Commercial property
See the coverage plans for carpenter in Michigan
You can pay for your insurance monthly or annually and you can cancel instantly at any time.
Basic
Lowest Price
General Liability
Per occurrence
$300,000
Tools & Equipment
Per occurrence
$3,000
Workers’ Comp
Per accident
$100,000
Commercial Property
Per occurrence
$25,000
Pro
Most Popular
General Liability
Per occurrence
$1 million
Tools & Equipment
Per occurrence
$5,000
Workers’ Comp
Per accident
$500,000
Commercial Property
Per occurrence
$25,000
Pro Plus
Best Coverage
General Liability
Per occurrence
$1 million
Tools & Equipment
Per occurrence
$10,000
Workers’ Comp
Per accident
$1 million
Commercial Property
Per occurrence
$25,000
Find the right carpenter business insurance in Michigan
We have all the business insurance you might need for your carpenter business in Michigan. And you save up to 10% when you combine coverage.
General Liability
Protection for the injuries, accidents and damage you cause
General liability insurance covers a wide range of accidents and basic risks. With carpenter liability insurance, you’ll have financial protection if someone other than an employee gets hurt or you are held responsible for damaging property that doesn’t belong to you. General liability might be required for a carpenter license in your state, and it’s common for clients to ask for proof of coverage. General liability includes contractors’ E&O, or professional liability coverage, which can help cover costs in a business disagreement.
general liability can help you pay for:
Medical payments
Property damage
Legal fees and judgments
Contractors’ E&O
Coverage against business mistakes and claims of negligence
Errors and omissions insurance (also known as professional liability) helps you defend yourself if you’re accused of making a mistake that causes someone to lose money. For example, if you are accused of installing the wrong cabinets in a home, your policy could help cover expenses to fix the problem or defend your business.
professional liability can help you pay for:
Professional negligence (actual or alleged
Legal defense costs
Legal judgments
Workers’ Compensation
For business owners who hire employees
Workers’ compensation insurance can help you and your employees after a workplace accident. Most states require it as soon as you hire your first employee, and you might need coverage before you can get your carpentry license. It can help pay for medical bills and lost wages after an accident.
workers compensation can help you pay for:
Medical expenses
Lost wages
Employer liability
Tools & Equipment
Protection for your gear and equipment
Tools and equipment coverage makes sure your carpentry gear is protected wherever you keep it — in your vehicle, in a trailer or at a job site. If you don’t own or lease property and regularly take expensive gear to a job site, tools & equipment insurance offers protection against damage or theft. This coverage is available as an add-on to our general liability insurance.
inland marine can help you pay for:
Equipment owned by you
Employee tools and clothing
Borrowed equipment
Commercial Property
For business owners who own or rent physical spaces
Commercial property insurance can help protect your carpentry business equipment, inventory and your building if you own it. If you own real estate where you store equipment, commercial property insurance provides coverage for your equipment while it’s on the premises, as well as for the building itself.
commercial property can help you pay for:
Damaged equipment and inventory
Lost income
Operating expenses
How much should a Carpenter in Michigan expect to pay for insurance?
Your carpenter insurance costs in Michigan will be tailored to your business. Several factors will impact the price you pay, including:
- Your claims history
- How high you set your limits
- Your work experience
- How many people you employ
A carpenter in Michigan usually pays about $13 each month for a business insurance policy.
With coverage built for more than 1,300 small business professions, NEXT offers you the right small business insurance at the right price, no matter what you do.
How important is it for a Carpenter in Michigan to have business insurance?
We know building a small business is an investment. To protect that investment, carpenter businesses in Michigan need insurance to avoid financial losses. Business insurance can protect your from:
- Lawsuits. Without insurance, you might have to pay entirely out of pocket after an accident or mistake.
- Damage to the physical items you need to do business.
- Claims of work mistakes or negligence.
- Injuries if an employee gets hurt on the job. Insurance can pay for medical expenses and help cover lost wages.
NEXT is dedicated to helping you find the affordable carpenter insurance coverage you need to stay protected, meet legal requirements and satisfy your customers.
Frequently asked questions about carpenter business insurance
Here are some of the most common questions we get about carpenter business insurance. If you don’t find the answers you need here, our licensed, U.S.-based insurance advisors are standing by to help via online chat or phone.
Does NEXT Insurance offer carpenter business insurance in Michigan?
Yes, NEXT Insurance offers tailored carpenter business insurance in Michigan.
Does NEXT Insurance cover my carpenter business in Michigan for Professional Liability?
Yes, NEXT Insurance covers carpenter business in Michigan for General Liability, Professional Liability, Tools & Equipment, Commercial Property.
How does business insurance protect carpenters?
Our carpenter business insurance packages are designed to protect your business from a variety of risks and help you save money to grow your business. You can be protected from financial losses related to:
Damage to someone’s property
You accidentally damage electrical wiring while repairing a wall. The general liability coverage in your insurance package could help pay to repair the damage.**Accidents that hurt someone
Your client trips over unfinished flooring and gets injured while you show them your progress. Your general liability insurance could also come into play here by helping to pay for medical costs and legal fees if you go to court.Professional mistakes
There’s a miscommunication about which type of wood to use and paneling has to be redone. E&O insurance helps you defend yourself if you’re accused of making a mistake that causes someone to lose money.Workplace injuries
You hurt your knees installing lower cabinets in all the units of a large apartment building. Workers’ compensation coverage can help cover medical bills and lost wages — not to mention it’s usually required by law if you have employees.Injuries and damage involving your business vehicles
The suspension on your truck fails after a heavy load and it needs to be replaced. Commercial auto coverage will help pay for the repairs. This coverage is also usually required by law for business-owned vehicles.Theft or damage to your tools
Your table saw rusted after an automatic sprinkler system soaked it at a job site. You can choose to add tools and equipment insurance to your general liability coverage to help pay for replacement costs.Damage to your own property
Your office sustains damage after a small fire breaks out next door. Commercial property insurance can help with replacement or repair costs if your owned or leased property is damaged due to a covered event, such as a burst water pipe, fire, tornado or vandalism.How can I get a certificate of insurance (COI)?
Once you have a NEXT policy, you’ll have 24/7 access to proof of your insurance (also called a certificate of insurance, or COI) via web or app. Log in to your account, download your COI instantly or deliver it via email or text at no additional cost. Get unlimited certificates and add an additional insured as you need them.
What do I need to get an insurance quote online?
It takes about 10 minutes to get a business insurance quote online with NEXT. We’ll ask a few questions about your business — like what you do, your location, how many people you employ and the vehicles you use for work.
You’ll choose your options and see prices. If you like what you see, you can buy online and get a certificate of insurance (proof of insurance) on the spot.
How do you file an insurance claim with NEXT?
If you’re a policyholder, simply log in to your account and file a claim. We’ll contact you shortly to go over the details. Our support team is standing by to help.
Get customized insurance wherever you do business
Learn more about insurance options in the states where you work.
Coverage on-the-go for policyholders
Manage your policies, send and create certificates of insurance, or file a claim with our app.
More professions that are covered by NEXT
Appliance Technician, Carpenter, Concrete Contractor, Debris Removal, Drywall Contractor, Electrician, Excavation Contractor, General Contractor, Handyman, HVAC Contractor, Home Renovation Contractor, Mason, Insulation Contractor, Painters, Paving and Asphalt Contractor, Plumber, Roofing, Siding Installation Contractor, Solar Contractor, Snow Plowing, Welding, Tile, Stone and Flooring Installer, Paperhanger, Fence Installation Contractor, Lawn Care, Landscaping
* To the extent permitted by law, applicants are individually underwritten, not all applicants may qualify. Individual rates and savings vary and are subject to change. Discounts and savings are available where state laws and regulations allow, and may vary by state. Certain discounts apply to specific coverages only.
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Number of businesses insured
Statistics as of November 2023