What is Small Business Insurance?
Small businesses might not have large operations or lots of employees, but they’re still exposed to a range of potential risks. In some ways, the risks they face can be especially devastating since these businesses frequently don’t have a lot of resources to replace assets or fight lawsuits with. To help protect small businesses, Massachusetts insurers offer a range small business insurance options.
“Small business insurance” isn’t necessarily a technical insurance term. Instead, it’s a general way of referring to a range of commercial insurance options that are designed for small businesses. (Commercial insurance delineates policies made for businesses from personal policies that are intended for individuals.)
What Massachusetts Small Businesses Need Insurance Policies?
The vast majority of small businesses located in Massachusetts can benefit from having at least some insurance. The exact combination of policies that businesses need varies depending on their industry, work, location and other factors. There are very few without any risk exposure, though.