Start Up Insurance from Massachusetts Specialists

Proudly Providing Start Up Insurance to Businesses in Massachusetts &

Many Other States Across the Nation

Starting a new business is a risky venture, but also the best decision you've ever made! Ask yourself – what can you do as a new business owner to help your business succeed? Experts agree that preparation is essential, and start up insurance can help provide important coverage to your Massachusetts start up that can mean the difference between weathering a storm and shuttering your doors for good.

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Start Up Insurance Massachusetts

Massachusetts Start Up Insurance Coverage

New businesses face the same risks as established businesses, such as customer and employee injuries, lawsuits, and natural disasters. However, start up companies often have less of a financial cushion to fall back on, and typically lack a solid customer base. When a disaster strikes, it can be difficult for a young business to survive, making insurance even more essential. Start up insurance packages are designed to provide the most essential protections for your new business, with coverage that can grow with your company.

Start Up Insurance Massachusetts

Essential Coverage for Massachusetts Businesses

When a new company is first starting out, insurance should be at the top of the priority list. Experts agree that virtually all businesses need a few essential coverages to protect against the most common situations. Many landlords and lenders will require businesses to have insurance coverage, and customers will also expect you to be insured against any accidents.

There are three basic insurance policies that companies need to have in place, even before opening their doors:

  • General Liability Insurance is sometimes referred to as “slip and fall” coverage. It is a broad-based coverage to provide medical expenses, pay for damages, and cover your legal fees if injuries or damages are incurred on your property or due to your actions.
  • Commercial Property Insurance covers the damages that may occur to your property, including the building structure and all of its contents, from situations such as fire, theft, vandalism, and storm damage.
  • Workers Compensation Coverage is required by the state of Massachusetts for all companies that have employees. This policy must be in place as soon as your hire your first worker.

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Many businesses are able to start with a business owners policy. This package policy combines your general liability and property insurance coverage into an affordable package that can be further customized to provide comprehensive protection. A business owners policy can grow alongside your business, as your exposures increase.

Start Up Insurance Massachusetts

Coverage Options for Massachusetts Start Ups

In addition to your basic coverage, you may which to purchase other insurance policies from the start. Some of these can be added to a business owners policy, while others must be purchased separately. Some types of policies to consider now or as your business grows include:

Talk to a Business Specialist

Depending on your specific business plans and goals, you will need different types of coverage. Your insurance agent can help guide you to the most beneficial policies for your industry, needs, and budget.

New companies are often strapped for resources as they build a business from the ground up. However, new companies are at any even higher risk of failure than established ones. Even with limited resources, purchasing start up insurance should be considered essential for all businesses opening in Massachusetts.

Let's talk about getting your business protected!