Operating a Massachusetts business is a complex operation, managing employees and client needs, while still trying to turn a profit. Many unexpected events including lawsuits, fire, property damage, and workplace injuries can make it more difficult to succeed and put your entire business’s future in jeopardy. With appropriate business insurance policies, your company can be financially protected from these and a variety of other situations.
Every business, regardless of size, faces risks. Fire, theft, and lawsuits are major causes of loss for businesses across MA, and can strike regardless of how many employees your business has. There are a variety of business insurance options that can be tailored to your specific situation. Small businesses may benefit from a business owners policy, while larger businesses need a more complex insurance portfolio for complete protection.
Since all businesses face risks, certain types of insurance are recommended for most MA businesses In some situations, the state also requires your business to have certain types of coverage. Businesses in MA typically require all or most of the following policies:
When someone is injured on your business property or worksite, or due to your work, you can be held legally liable for any property damage and personal injury. Liability coverage can help to provide payment to for damages and expenses.
If you have employees, you are required to carry workers compensation insurance to help pay for workplace injuries.
All vehicles in MA must be covered by auto insurance. If your company owns or operates vehicles for business, you are required to have auto coverage.
A great & affordable way for a small business to get protection with many of the standard commercial coverages in one policy.
Because all businesses are unique, your insurance portfolio should reflect your specific needs to protect against the risks you face in your industry. Your insurance agent is a beneficial resource to determine which policies will provide the most protections for your business. Some policies you may want to consider are:
By carefully evaluating your risks, you can determine which policies can provide the most significant benefits. For small businesses, many carriers allow you to incorporate some of these options into a package policy, making your insurance more convenient and affordable.
Businesses in Massachusetts and beyond face risks that could put their company’s future at risk. By investing in strategic commercial insurance policies, you can obtain financial protections against lawsuits, physical damages, bodily injuries, and other losses. With these protections in place, you can better operate your business confidently, knowing you have comprehensive coverage against many loss situations that may arise.
By the way - we are based in Massachusetts, but proudly write in RI, ME, OH, VA, IN,IL, CT, DC, MA, IA, NH, NJ, AZ, PA, TX, FL, MA, NV, SC, NY, MO, TN, VT, WI, KS, VA, as well.
The Feingold Companies
Worcester Office
22 Elm Street #400
Worcester, MA 01608
Phone: (508) 831-9500
Fax: (508) 797-4030
New Lakeside & Dudley Insurance
12 Airport Road, Dudley, MA 01571
Phone: (508) 943-0090