Arlington Business Insurance

The Complete Arlington Business Insurance Guide

Find the right business insurance policy for you.

Just 6 miles northwest of Boston, you’ll find the historic city of Arlington, a community that has enjoyed a sense of fame since Paul Revere’s midnight ride took him right through the center of town. It’s also famous for being the birthplace of Uncle Sam and creating the very first children’s library. Historically a farming community, Arlington, MA is now well-loved by the owners of both large and small businesses.

It doesn’t matter if your business has been an Arlington mainstay for several decades or you’re currently working on your launch, now is the perfect time to turn your thoughts to Arlington business insurance. It’s something you can’t afford to be without, something too many business owners have discovered after it was too late. Recently, there were 615,775 small businesses in Massachusetts, providing jobs to 1,404,234 people. However, recent years have also brought some serious risks for business owners, with $6,530,654 paid out for losses.

The key to making sure your business remains safe is having the best commercial insurance coverage. The best way to learn about current business policies is by contacting one of our Independent Insurance Agents. Our friendly agents can help you understand the different types of business insurance policies and decide which option provides the perfect amount of coverage at the most reasonable price.

A single liability lawsuit can ruin a good business. Even if the case is dismissed in court, you can still wind up with tens of thousands of dollars of legal expenses, money you may never be able to recoup. Sadly, too many businesses don’t learn about the value of good general liability insurance until they’re deeply entrenched in a legal battle. According to a recent Travelers Business Risk Summary, 60 percent of small-business owners ranked medical cost inflation as their highest concern and more than 30 percent said they felt least prepared to handle this issue. Make sure you’re covered with the best liability insurance for small businesses. There are two different types of business liability.

  • Product Liability - Product liability insurance is for businesses that produce and/or market tangible products. According to a national study, 71 percent of product liability awards by the courts amounted to $1 million or more. With so much risk, you just can’t afford to skimp when selecting a product liability policy.
  • Errors & Omissions/Professional Liability - This type of insurance is meant for Arlington businesses that provide services to the community. It protects against errors and omissions if you end up in a lawsuit.

Don’t worry if you’re unsure about which type of general liability insurance you require. A call to an Independent Insurance Agent is all it will take to get answers to your questions, learn about various policies and see multiple quotes. Getting the business general liability insurance you need has never been so easy.

Business Interruption Insurance for Arlington Businesses

  • Recent Gross domestic product: 2.2%
  • Recent Massachusetts gross state product: 1.6%
  • The recent GSP was 0.6% lower than the recent GDP

If disaster strikes in your neighborhood and your commercial property is damaged, you might be stuck closing down until repairs can be made. With each passing day, you are losing more profits and your customers are going to the competition. Business interruption insurance covers the lost revenue, allowing you to pick up and start fresh without financial ruin after an uncontrollable event.

Property Insurance for Arlington Businesses

  • Number of recent natural disasters: 119
  • Only 61% of losses from natural disasters were covered
  • Total uncovered property damage in recent years: $9.7 billion

The weather in Arlington, MA can be unpredictable. Thirty-two hurricanes have struck the city since 1930, with the largest being Belle in 1976. The most recent hurricane to harass Arlington was Andrea. The amount of damage hurricanes and other types of weather can do to a commercial property is astounding, and expensive. As long as you have a good property insurance policy in place before the damage occurs, the insurance will handle the cost of the repairs.

Workers' Compensation for Arlington Businesses

Most states require all businesses that hire employees, even if it’s just one, to have a good workers' compensation policy which is designed to cover the medical expenses of any employee who is hurt while working for you. Workers' comp is not only a smart way to protect your company finances and care for your employees, but it can also help you avoid costly lawsuits.

Employee Coverages for Arlington Businesses

  • Total recent spending on premiums in Massachusetts: $1,061,981
  • Ranked 36th for the highest premiums in the U.S.
  • Annual cost of health care for small businesses in recent years: $6,379/person or $17,424/family

The cost of health insurance is constantly rising. Setting aside a few moments to speak to an Independent Insurance Agent is the single best way to learn about health insurance that your employees will love and that won’t strain your budget. Our agents can provide quotes from multiple policies, giving you a chance to compare cost and benefits and select a plan that will be a good fit for your small business.

Cyber Crime Insurance for Arlington Businesses

  • 5,116 Identity theft complaints in Massachusetts in recent years
  • Ranked 25th highest for identity theft complaints in the U.S.

Research shows that only 22 percent of small businesses have a response plan in place to protect against cyber hacks. If you’re currently one of the Arlington businesses that’s yet to purchase a cyber crime insurance policy, you need to correct the situation as quickly as possible. Once the policy is in place, you’ll take comfort in the knowledge that your business, your records, and your customers are protected from hackers.

When it comes to finding the best commercial insurance in Arlington, our Independent Insurance Agents can guide you each step of the way. Our experienced agents will match you with the best policy for your small business, help you customize your insurance plan and find rates that work within your budget. 

Contact an agent today to learn more about Arlington business insurance and to get your free customized quote. 

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