Massachusetts business insurance will pay for damage, safeguarding your business revenue.
Here’s what a standard business insurance policy should do:
Pay For Damage To Your Building
- Example: A tree falls on your office building.
Pay For Damage To Your Business Property
- Example: A fire destroys all your computers.
Pay For Damage To Someone Else’s Property
- Example: A contractor does a poor job of installing a cabinet, resulting in its falling and breaking homeowner's kitchenware.
Pay For Someone Else’s Medical Bills
- Example: A customer slips and falls on your recently mopped floor and breaks an arm.
Pay For Accidents in Company Vehicles
- Example: Your salesperson rear-ends someone while driving to an appointment.
Pay For Employee Injuries & Compensation
- Example: An employee falls off a ladder at work and can’t work for two weeks.
Sometimes, your business will need additional coverages to protect against unique risks. The best way to make sure you're properly insured is to work with an experienced independent insurance agent who specializes in your field.
Massachusetts business owners are not required to buy business insurance, but some aspects of coverage are necessary. For example, you will need workers' compensation insurance if you hire employees and you will need commercial car insurance for all company-owned vehicles. Talk to a local agent to get more information about the specific coverages that are required in your city.