Massachusetts Business Insurance
Customized protection for your Massachusetts business
Massachusetts business owners should consider several types of business insurance to protect their livelihood from a wide range of work-related incidents. Employee illness, business property damage and cyber attacks are a few of the many situations that can result in lawsuits and expensive recovery costs.
There are over 700,000 small businesses in Massachusetts that account for 99.5% of all businesses in the state, according to the Small Business Administration. These small businesses collectively employ 1.5 million people and are required by Massachusetts state law to protect them with workers’ compensation insurance.
Shop for workers’ comp, general liability, cyber insurance and more through the Progressive Advantage® Business Program. Our licensed professionals can customize a Massachusetts business insurance quote that fits your business.
Types of MA business insurance
This is the most common business insurance coverage and nearly all businesses in Massachusetts should have it. It protects against third-party bodily injury and property damage, as well as personal and advertising injury.
This coverage protects against damage to your vehicles and trailers, as well as injuries or property damage related to their use. Your personal auto policy doesn’t cover vehicles while they’re being used for business reasons.
Businesses in Massachusetts are required to have workers' comp insurance if they have employees. Workers’ compensation insurance helps pay for expenses related to employees becoming injured or ill while working for you.
Business Owners Policy (BOP)
A BOP combines property and liability coverage into one easy-to-manage policy. It’s a great option for small to medium-sized businesses that rent or own commercial property such as a storefront, warehouse or office building.
Massachusetts businesses that offer professional services should consider this coverage. It protects businesses from claims of professional negligence, both actual or alleged, and helps pay for defense costs. It’s also known as errors and omissions insurance (E&O).
This protects against incidents like data breaches and cyber attacks. It includes first-party and third-party protection for things like investigative services, data recovery and legal costs. Businesses that store or manage customer data, like credit card information, typically need this coverage.
How much does business insurance cost in Massachusetts?
The cost of a Massachusetts business insurance policy depends on a variety of factors including a business’s size, location and coverage needs. For example, a business in Boston can expect a different rate than a business in Springfield.
The most influential factor, however, is the type of work that’s done. Professions are typically rated on the risk exposures that are unique to their industry. General contractors, tree trimmers and roofers are a few high-risk professions that need specialized insurance that’s usually more expensive.
Massachusetts business insurance requirements
Massachusetts law requires all businesses with employees to carry workers’ compensation insurance. Employers can get coverage through a licensed agent or broker, or directly with an insurance carrier.
The workers’ comp law applies to all businesses, regardless of hours worked or number of employees. Domestic employees are the only exception and require coverage if they work a minimum of 16 hours per week.
Other business insurance like professional liability, general liability or a BOP aren’t required by Massachusetts law, but they’re usually needed before entering a contract with a landlord or prospective client.
Resources for Massachusetts small business owners:
Massachusetts professions we insure
We help small business owners from a wide variety of industries, including these common professions:
- Cleaning services
Browse more examples of professions we insure.
Why choose Progressive?
Options – We can help you secure coverage at any stage of your business’s development with the flexibility to adjust your policy as your business changes. Our agents will work with you to make sure you’re getting protection that meets both your needs and budget.
Experts – As the #1 Commercial Auto Insurer in America*, you can trust us with all your business insurance needs. Our team of specially trained, in-house agents can assist you every step of the way to make sure you’re getting the best coverage for your business.
Convenience – There are several ways to get a quote whether you need a single Massachusetts policy or a combination of business insurance coverages. Simply start a quote online or call us to speak with an agent.
Business insurance for all Massachusetts cities
We can customize business insurance in all Massachusetts cities, including, but not limited to:
- New Bedford
- Fall River
*No. 1 commercial auto insurer from SNL Financial’s 2019 national written premium data.