SMALL BUSINESS INSURANCE FROM WORCESTER, MA SPECIALISTS

Proudly Providing Small Business Insurance to Companies in Worcester, MA & Many Other Cities and States Across the Nation

A small business is defined as one that employs fewer than 500 people. With more than 27 million such businesses nationally, including many in and around the Worcester, MA area, more than 50% of the workforce is employed by a small business.

Just because a business is small doesn’t mean it doesn’t face big risks. In fact, because small businesses are often dealing with fewer resources and smaller profit margins than larger corporations, a fire, data breach, customer injury, or other event can be even more catastrophic for a small business. Small business insurance can help protect your business from these situations.

Legal Requirements for Worcester Businesses

All businesses must adhere to Massachusetts and federal regulations for insurance. For Worcester, MA businesses, there are several types of insurance you may need:

Workers Compensation is required for all Massachusetts businesses with employees to cover expenses associated with workplace injuries.
Commercial Auto Insurance is necessary if you own or operate vehicles as part of your business operations.
Health Insurance is required by the Affordable Care Act to be offered at businesses with 50 or more employees.

Common Coverage Needed by Small Businesses

While most types of insurance are not required by law, small businesses can benefit from purchasing a variety of coverages as part of their small business insurance policy. The most commonly used types of insurance include:

General Liability Insurance to help cover injuries and damages caused by your business operations.
Property Insurance to help pay for damages and losses of your commercial property, including business premises and equipment.
Professional Liability to help cover expenses associated with lawsuits due to professional errors.
Product Liability to help with costs related to injuries and damages caused by the products you manufacture or sell.

These policies can sometimes be purchased as part of a Business Owners Policy, a bundle insurance policy that can provide seamless insurance coverage in an affordable discounted package.

Other Insurance Options

Depending on your specific industry and operations, you may benefit from additional insurance coverage that will provide a broad range of protections. Your insurance agent can help determine if these policies would benefit your company. Some options you may want are:

Cyber Liability Insurance
Employment Practices Liability Insurance
Business Interruption Coverage
Inland Marine Insurance
Liquor Liability Insurance

Small Business Insurance Coverage

Small businesses face a variety of risks, but often do not have the resources to cover all their exposures. However, if a small business is forced to close for even 10 days due to a loss, its chances of closing permanently will grow exponentially. Small business coverage can help protect your business from this fate. Working with an agent experienced in small businesses and the coverage you need most can help get you affordable broad-ranging coverage to best protect your business.

Small businesses make up a significant portion of the economy in Worcester, MA. If you own a small business, you need to be aware of the big risks your company faces. Small business insurance can help protect your finances against theft, fire, storm damage, customer and employee injuries, and many other situations you may experience, to help keep your business running.