Michigan requires qualifying employers to provide workers’ compensation coverage. Owners or registrants of vehicles that must be registered in Michigan must also maintain the automobile insurance required by state law. Other policies may be required by contracts, leases, lenders, licensing authorities, or project owners.
FAQ_category: (HIDDEN) Industry FAQs
Yes. Massachusetts law requires liquor liability insurance before an on premises alcohol license can be issued or renewed. Minimum limits are $250,000 per person and $500,000 per accident. Restaurants, bars, hotels, and licensed caterers all fall under the requirement, and proof goes to the local licensing authority.
The Department of Industrial Accidents will issue a stop work order, and your business must close until coverage is in place. Minimum fines are $100 per day, including weekends and holidays, and rise to $250 per day on appeal. Criminal penalties can include up to one year in prison.
At least $500,000. Since June 1, 2024, Maryland law requires every licensed home improvement contractor to maintain $500,000 in general liability insurance. The Maryland Home Improvement Commission checks proof of coverage when you apply and when you renew, and your policy must stay active at all times.
Most Maryland LLCs start with general liability insurance. Many choose a business owner’s policy, which combines liability and property coverage at a lower combined cost. Depending on your operations, you may also need workers’ compensation, professional liability, commercial auto, or cyber insurance. A licensed agent can match coverage to your work.