Our agents are here to help you find the most comprehensive and affordable insurance policy! Feel free to ask us how to obtain any business coverage policies.
Assisted living facilities insurance is a specially designed commercial insurance that’s intended for assisted living facilities and similar businesses.
Since the internet is so essential to basic commerce today, the vast majority of businesses should consider getting cyber liability insurance. Without it, businesses may be dangerously exposed to risks like a data breach or online attack.
Most businesses are exposed to at least some potential risks, and many businesses face a host of risks that they should protect against. Business insurance policies help Massachusetts businesses protect themselves from a variety of risks that they face.
Business policies are a type of insurance that’s specifically designed for businesses and other organizations (including nonprofit organizations). They’re distinguished policies that are designed for individuals, which are commonly called “personal policies.” The term “commercial insurance” is also used to describe policies written for businesses.
Most businesses in Massachusetts should have at least some commercial insurance coverage in place. Few businesses are completely risk-free, and many are exposed to some risks that could be devastating if a worst-case-scenario occurred.
Additionally, most nonprofit organizations also should have some insurance in place. Merely operating as a nonprofit and doing good is generally not protection against the risks that insurance helps reduce.
While most businesses face at least a few risks, there’s no one set of risks that all businesses are exposed to. In order to meet businesses’ varying risk mitigation needs, insurance companies offer several different types of commercial insurance policies. A few of the more common ones are:
Commercial Property Insurance
Commercial Auto Insurance
General Liability Insurance
Professional Liability Insurance
Commercial Umbrella Insurance
Workers Compensation Insurance
Additionally, many insurance companies bundle coverages into package policies that are uniquely crafted for businesses in certain industries. For example, insurers offer:
Small Business Insurance
Most of the package policies offered by insurance companies fall into either of two categories.
Business owners policies are basic package policies that meet the insurance needs of many small businesses. These policies typically include general liability insurance, commercial property insurance and business interruption insurance, although some other coverages might be offered as optional.
Commercial package policies are more robust and flexible package policies. These policies frequently have many coverage options, which lets businesses customize the protection offered for their particular situation. Commercial package policies are often used by businesses that have specialized insurance needs or are larger organizations.
Because insurance companies offer many different types of commercial policies, the premiums charged for them vary a lot. Rates depend on many factors, some of which may include the location of a business, the size of a business and a business’ past claims history. Other items that may influence a policy’s price are:
How much a business does in annual sales
How much a business’ employees are paid
What industry a business operates in
What precautionary measures a business takes
Even taking into account the varying costs of policies, having coverage is often much more affordable than facing a major claim with no insurance in place.
When shopping for a commercial policy, businesses should seek out an insurance agent who’s independent and who has worked with similar companies. An independent agent can show businesses policy options from different insurers so that they can select the policy that has the right combination of protections at the right price. Someone who’s worked with similar companies will be able to anticipate potential risks and know how to protect against those risks.
To talk with an independent insurance agent who specializes in one of the aforementioned types of business insurance, contact Roger Keith & Sons Insurance Agency. Our independent agents have helped many different businesses in Massachusetts find the coverage they need, and we’d be happy to assist you.