Building on your Massachusetts Business Insurance | Blog | Vargas & Vargas Insurance

duda
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April 2, 2017

Many small businesses carry the four basic Massachusetts small business insurance policies – property, commercial vehicle, liability and workers’ comp. However, while these will cover you for many standard risks you may face with your business, there are many extra policies that can offer you protection for more specific risks that you should perhaps consider.
Massachusetts small business insurance.jpg
Basic property insurance will cover you for standard risks. However, there are a number of exclusions you will find if you read carefully through your policy. These can include, among other risks, losses due to:

•Floods
•Earthquakes
•Hurricanes
•Terrorism
•Internet crime

In addition to these, liability is a fast expanding area. Your general liability insurance is designed to cover you financially against injury claims from individuals who are hurt while on your premises. However, there is a range of very specific liability policies that can offer protection against a number of different potential risks, including coverage for:

•Errors and omissions – for cases involving allegations of negligence or errors in services supplied.
•Product liability coverage –for situations where faulty products might cause a loss to a client
•Directors’ and officers’ liability – for law suits relating to activities of directors and officers.

Every business is unique and, therefore, faces specific risks that are peculiar to their activities and operations. To ensure that your business is adequately covered by the best combination of extra policies, in addition to your basic Massachusetts small business insurance package, you should discuss your options with your insurance agent, who can help guide you through the range of available products.

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About the Author

Carlos Vargas

Carlos Vargas

Carlos Vargas is the Founder and President of Vargas & Vargas Insurance Agency. He began his career in 1980 as a captive agent for a large national insurance company, but chose to become an independent insurance broker so he could offer clients better coverage options and more competitive products.


With 46 years of experience, Carlos believes strongly in the value of relationships and helping clients understand their insurance so they can make better decisions. In addition to leading the agency's vision and strategy, Carlos is deeply committed to community engagement and educating the public about insurance.


Outside of work, Carlos enjoys spending time with his wife, their sons and their families, and friends.

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