Commercial Property Insurance
Investing in a Massachusetts Commercial Property Insurance policy is an investment in your future and livelihood. Everything else stems from this. Your home, your car, the lifestyle and protection you have built for your family. They all exist because of the pride you have in your business, no matter what the size, and the hard work you’ve dedicated to making it successful.
Here are some facts you might not know about operating a small business in Massachusetts:
- A small business is defined as any company with fewer than 500 employees.
- Small business accounts for nearly 98% of all state employers.
- Of the state’s 594,487 small businesses in 2008 (the latest data available), 138,846 were small employers, accounting for almost 48% of the state’s private-sector jobs.
- Another 455,641 were one-person operations with no employees. (Source: SBA Massachusetts Small Business Profile 2011.)
In Massachusetts, Commercial Property Insurance is super specific. You want a team of insurance professionals who will meet with you and understand your needs and your business. This is comprehensive but not exhausting. We’ll review your inventory, the technology you have in place, and whatever equipment/tools you use to run your business.
If you own a commercial building you may want to secure an appraisal from a third party to figure out the current replacement cost of your building.
What about flooding? Typically, Massachusetts Commercial Property Insurance policies exclude flooding, requiring a separate policy. We can review this with you to determine if it’s necessary for your business.
Remember, it’s not just your building. You likely have furniture, fixtures, equipment and inventory to protect. If you have equipment that is often taken off-site we can show you options for securing those items as well.
As a business owner you understand how important specificity, pricing and payment options are to your customers. So do we. We offer a variety of options for deductibles and payment plans so you can choose the one that works best for you and your business.
Part of being your own boss is making the big decisions. Protecting your commercial property is one of those big decisions. We’re here to help you make it and give you one less thing to worry about.