Category: Commercial Insurance

When you open a business, you first think about the name, logo, and concept. You spend hours researching your market and finding the best suppliers and vendors to help you build your brand. But the first thing most of us don’t think about is the possibility that our business could be sued. This happens much more frequently than you think.

A lawsuit does not have to be the end of your business. If you’re a small business owner in the greater Boston, MA community, Smoller Insurance Agency can help.

Will Business Insurance Cover Me If I’m Sued?

Yes, if you have the right coverage. Business insurance, also called commercial insurance, can have different types of coverage. Some of the most common types of coverage include property, general liability, and excess liability.

When you are sued for damaging another person’s property or causing bodily injury or death in your business, liability insurance can help you pay for the damages. When you purchase a Business Owners Policy (BOP), it will typically include liability coverage.

Do I Need Business Insurance To Operate Legally?

Two types of insurance are required to legally operate a business in Massachusetts: worker’s compensation and commercial automobile.

Worker’s Compensation – This is mandatory insurance that covers your employees if they are injured on the job. It is required for all your employees whether or not they are full-time. Sole proprietorships or self-employed individuals are not required to have worker’s compensation, but they can elect to have it.

Commercial Auto – As a no-fault state, Massachusetts mandates that all drivers must have Personal Injury Protection (PIP), liability insurance, and bodily injury liability insurance. This is true even for vehicles that are used for business purposes.

Contact Us Today

Make sure your Boston, MA business is covered! Contact Smoller Insurance Agency today to see how we can help you.

Small businesses are the backbone of the American economy. The Small Business Administration estimates that 99.9% of businesses in the US are small businesses. A small business has less than 1500 employees. Many small businesses are much smaller and 89% have fewer than 20 employees. Owning a small business comes with lots of risks and having the right commercial insurance can protect your business from some of the risks you face. At Smoller Insurance Agency in Boston, MA, we are family-owned and operated. We believe in giving our customers the level of service they expect and deserve. 

Protects your building and equipment

Bad things happen. A fire, broken pipe, or theft can devastate your business. Commercial property insurance not only covers the physical building but also all your equipment inside. This makes it helpful for renters as well as owners of the building. If you lose your machinery, office equipment, inventory, raw materials, and records, commercial property insurance can help you to get back in business quicker or at all. 

Protects your assets

Small businesses are particularly vulnerable to being sued. Protecting your assets is important. Commercial liability insurance offers that protection. It offers coverage that will pay a judgment against you as well legal expenses associated with that judgment. 

Protects your vehicles

If your business owns any vehicles, they need to be covered by commercial auto insurance in Massachusetts. The requirements are 20/40/5. 

Workers compensation

Most states require employers to cover their employees with workers’ compensation insurance. Massachusetts requires all employers no matter how many employees you have or how many hours they work to cover them with workers’ compensation insurance. 

At Smoller Insurance Agency in Boston, MA, our team is committed to providing the highest level of service and making sure that we are there for our customers when they need us.