5 Insurance Policies All Small Business Owners Should Have

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Merely because a company might be small doesn’t mean it’s immune to massive lawsuits; protect your business with small business insurance from MA.

Small companies are often restricted on funds and usually can’t handle the fiscal nightmare of a significant lawsuit or natural catastrophe. To be covered against these sorts of risks, they need the right business insurance plan. Whether their little company is old or new, here are five insurance coverages all small business owners must have when contemplating small business insurance in MA.

Real Estate Insurance: Should you own the building where your company resides or possess private property like office equipment, computers, or tools, you should think about purchasing a policy that will protect you if you have a fire, theft or smoke damage, etc.. Liability insurance protects you from defense and damages in case you, your workers, or your product/service triggers or is alleged to have caused property damage or bodily injury.

Business Owner’s Policy (BOP): BOPs package liability, property insurance, automobile coverage, and crime insurance all under one policy giving you one premium at a discounted price. You can also check out Leland West Insurance

Commercial Auto Insurance: your own personal auto insurance plan won’t cover collisions when you are driving for a business-related matter, nor will your workers. For example, if your workers are driving to a meeting using your own personal cars and one of you gets into an accident, your personal auto insurance is void during that time period. A commercial auto insurance policy covers your business vehicles.

Employees’ Compensation: If employees are to become injured or sick in the workplace, this insurance provides coverage for their medical bills, disability compensation, and much more.

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