Types of Business Insurance Boston that all Small Businesses Should Have

February, 2014 by Alma Abell

Owning a small business is a huge and exciting undertaking. As a small business owner, you must consider all of the details, including getting the right type of insurance to protect you and your business. Some types of Business Insurance Boston that every small business should have are highlighted here. Browse website for more details!

General Liability

All businesses, even home-based ones, should have liability insurance. This type of policy provides you with coverage for defense, as well as damages, if your products, employees or services are blamed for causing property damage or bodily injury to a third party.

Property Insurance

If you own the building where your business resides, or if you have personal property in your business, which includes inventory, tools, computers and other types of office equipment, you need to purchase a policy that will protect you in instances of smoke damage, theft, vandalism and a fire.

BOP -; Business Owner’s Policy

This type of coverage will provide a package deal for all of the required types of coverage for business owners. In most cases, the BOP package will include crime insurance, liability insurance, vehicle coverage, property insurance and interruption insurance. The package that you actually purchase can be customized to your specific business to ensure that the items you use and have are fully covered. In most cases, a BOP will offer a money discount since the bundle will be offered at a discounted rate.

Commercial Auto Insurance

This insurance will protect any business vehicles that you have. You can use it to protect any vehicle that is used by employees, or that is used for equipment and products.

Worker’s Compensation

This type of insurance will provide coverage is an employee is injured while on the job. It will cover any wage replacement needs, as well as medical costs for those that are injured. When these benefits are given, the employee will then relinquish their right to sue the business for the incident in question.

Sawyer Insurance Agency Inc. offers all types of business insurance to ensure that your business is fully covered and protected in the instance of any unforeseen condition or circumstance.