Small Business Insurance in Massachusetts

This is the most versatile insurance highly recommended for small and mid-sized businesses. It protects you from physical or bodily injury and property damage claims as a result of accident or negligence. General Liability equally covers lawsuits such as slander, libel and false or misleading advertisements that might damage the reputation of your business.

Calamities and natural disasters could strike anytime and this could lead to your business shutting doors permanently. Property Insurance helps protect your business’s physical assets including the building and its contents. The financial coverage it offers from property loss or damage allows you to recover quickly and resume operations as soon as possible.

If you have one or more employees, Workers' Compensation is required for all types of businesses operating in Massachusetts. It helps pay for claims in the form of medical costs, rehabilitation expenses and lost wages as a result of work-related injury or accident. And as the owner, it grants you protection from legal liabilities due to negligence.

Another policy offered in Massachusetts is the Commercial Auto insurance. It works just like your normal car insurance but instead provides coverage from vehicular accidents incurred during official business trips. Whether you have owned or leased automobile, this insurance covers liability, collision, medical expenses and other damages caused by your commercial vehicle.

Depending on how many Full Time Equivalent (FTE) employees work in your business, you may or may not be required to have this insurance. Health Insurance aims to give workers accessible and affordable healthcare plans to ensure their wellbeing. Depending on the extent of policy, it provides coverage for various medical, surgical and dental treatments.

Combining Commercial Property and General Liability and Business Interruption, the Business Owners Policy or BOP offers significant protection for small businesses without the heavy price tag. A convenient way to safeguard your assets, you have an option to include other elements such as professional liability, data breach, crime and cyber liability to maximize coverage.