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.
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.