Commercial Auto Insurance covers your cars, trucks, and vans used in your business. It covers the costs from vehicle damage in collisions, theft, vandalism and weather damage. It also covers medical expenses for to injured parties.
General Liability Insurance protects your small business against claims of third-party bodily injury and property damage, reputational harm and advertising injury. It covers medical bills, repair costs & legal fees.
Business Owners Policy (BOP) protects you from business liability and property damage at a lower cost. BOP covers claims resulting from fire, theft & disasters. BOP also covers claims of bodily injury or property damage during your business operations.
Workers Compensation covers your employees' medical costs and lost wages while recovering from a work-related injury or illness. The employee gives up the right to sue your company in return for receiving cash and benefits from Workers Compensation. In some states it’s mandatory for businesses!
Commercial Property Insurance will provide coverage for your properties in case damage renders them impossible to rent or lease.
Small business Health Insurance helps you offer your employees more inexpensive access to medical insurance. Everyone can benefit from lower rates or better coverage.
Do I need insurance for my business in Massachusetts?
Without insurance, you are risking your financially stability from challenging and unforeseen circumstances like accidents, negligence claims and other legal liabilities that might affect your business.
How much does Business Insurance cost in Massachusetts?
Carriers use different criteria to evaluate the cost of business insurance. Thus, premiums may vary depending on your experience, claims history, services offered and safety policies.
What insurance do I need as a Massachusetts business?
The state of Massachusetts requires all businesses to carry Workers' Compensation. Other Commercial Insurance is required based on the size of your busines and the work that you do. It is strongly advised to follow minimum state requirements to avoid fines and penalties.
What types of insurance will you recommend to buy in Massachusetts?
Every business is different, so as to degree of protection and financial status. For starters, we generally recommend a Business Owners Policy (BOP) and Commercial Auto insurance for their diverse coverage.
Guide to commercial insurance by state
Insurance laws and requirements may vary state by state. Click on your state to discover the insurance you will need for your small business: