Even a small business requires a large amount of coverage. This may be very true when it comes to your business property insurance. Insuring your commercial property in Massachusetts may entail more than you think. Having an insurance agent you can rely on throughout the process can help make things easier. Whether your commercial space is a warehouse, a storefront or both, it is essential that your property have the coverage it needs. Given the possibility of break-ins, fires, flooding and other incidences, as a business owner, you never want to be in a situation where you would have to pay out of pocket to replace everything in your business and potentially be liable for what happened. In the event that an incident does take place, having general liability insurance can help insure your business and business possessions won’t be at risk.

Once you have the specifics that are required by state and potentially a landlord, talk to your agent about coverage options and limits specifically for your business property. In addition to covering the structure of your building, a MA commercial property insurance policy also typically covers:

  • Lost Inventory
  • Equipment
  • Damage to Others’ Property
  • Landscaping
  • Furniture
  • Equipment
  • And More!

Creating the right business property insurance policy requires information from you on your property and your inventory within that property. You don’t want to just have coverage; you want to have enough coverage for your specific needs. If one of the above areas applies more to your business, your agent can keep that in mind when creating the right coverage for your commercial property insurance. Coverage options and limits will depend on several things and your agent knows the right questions to ask to help you get exactly what you need and keep your business prospering under the right protection.

In addition to your agent being able to guide you, there are also a couple of things that you can provide your agent. The below are great to have on hand when you talk to your agent about your commercial property insurance:

  • Federal ID number, entity type & description of your business
  • Year built
  • Amount of business personal property
  • Number of stories
  • Construction & square footage of the building
  • Updates to electric, plumbing, roof & heating systems
  • Amount of rental income received annually (if applicable)

You chose Massachusetts as the best location for your business, but I bet you didn’t know this:

  • It is just one of four of the constituent states that refer to themselves as a Commonwealth. Now that doesn’t seem so common, does it?
  • It may be the 7th smallest state, but it is the 14th most populous state in the US.
  • It is also home to the beloved Fenway Park!

When it comes to business insurance, we understand that you probably have more than just commercial property that needs coverage. We also offer commercial insurance coverage for your business auto, general liability, and more!

Not sure which insurance policies you need for your business? Call our agents today at 888.754.8299 now to talk with them about designing a policy for your business or fill out the form above for a quote and more information.

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