Small business plays a significant role in the United States economy - there are over 30 million small businesses in the country, which comprises almost 99.9% of all U.S. businesses. If you are one of these business owners, your business is probably one of the biggest investments in life, and it needs special protection. The best and the most effective way to protect your business is to get commercial insurance. If you are currently shopping for this type of insurance but still have questions and do not know where to start, Alban Insurance Agency, serving clients from Massachusetts, has prepared a list of things you should know about it:
- Certain factors have an impact on the cost of business insurance. They are the type of the business, the number of employees, the company's size, and the ownership of commercial vehicles. Some industries require more coverage, which makes commercial insurance more expensive. For example, if you are an owner of a construction business, you may need additional coverage because it is a risky industry.
- If you own commercial vehicles that you use for business purposes, you have to have special commercial auto insurance. Your standard auto insurance does not cover commercial vehicles.
- It is also important to carry workers' compensation, the purpose of which is to protect employees if they get injured at work. It covers their medical bills and a wage loss.
If you are a responsible business owner and want to operate your business safely both for yourself and your employees and clients, you should get commercial insurance. For those who operate their business in Massachusetts, Alban Insurance Agency is ready to help and assist in choosing the perfect business insurance policy. Do not hesitate to contact us and talk to one of our experienced insurance agents.
While our office is located in Springfield, MA, we service the states of Massachusetts and Connecticut.