Helpful Coronavirus Information
Auto Premium Relief
Several companies have announced plans for premium relief related to auto insurance due to less miles being driven since the state shutdown. The State of Michigan announced that all premium reduction plans had to be submitted to the Department of Finance and Insurance Services for approval. Below is a list of some of our companies that have made announcements on their premium relief plans (some pending approval, some approved). Click on the company that you are insured with and you will be directed to their COVID-19 relief page.
The forced shutdown in Michigan has caused unprecedented economic impacts to both individuals and small businesses. On March 27, 2020, an economic stimulus package, the Coronavirus Aid, Relief, and Economic Security (CARES) Act, was passed to help those affected. Below is some helpful resources for individuals and businesses. It is not our intention to provide advice or to go into detail about any information that does not involve insurance.
Stimulus check calculator - How much will you and your family expect to receive?
Unemployment Benefits - NBCNews article summarizing who qualifies. Self-employed, independent contractors and gig/freelance workers may qualify.
How to apply for unemployment benefits in Michigan
Coronavirus and Business Income Coverage
CARES Act Summary - Economic Stimulus
U.S. Senate Committee on Small Business & Entrepreneurship
Contact your bank or Small Business Association regarding business loan information
Contact your accountant to discuss any tax implications to your particular situation
If you've laid off employees, you can point them to the Michigan.gov/uia site to apply for benefits