Business Insurance in Massachusetts

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Get the right commercial insurance for your Massachusetts business

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Learn about Massachusetts business requirements

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Which policies are recommended for Massachusetts businesses?

Small businesses in Massachusetts most often buy these types of insurance.

General liability insurance icon

General liability insurance

A commercial general liability policy covers the most common risks at Massachusetts businesses. Most commercial leases require this type of business liability insurance.

  • Customer bodily injuries
  • Damaged customer property
  • Slander and other advertising injuries
Workers’ compensation insurance icon

Workers’ compensation insurance

Workers’ comp insurance is required for all Massachusetts businesses that have employees. It also protects sole proprietors from work injury costs that health insurance might deny.

  • Employee medical expenses
  • Disability benefits
  • Legal fees related to employee injuries
Commercial auto insurance icon

Commercial auto insurance

This policy is required for business-owned vehicles in Massachusetts. It covers injuries and property damage in an accident, along with vehicle theft and some types of damage.

  • Accidents involving business vehicles
  • Theft of a business vehicle
  • Damage to a company vehicle
Business owner’s policy icon

Business owner’s policy

A BOP bundles commercial property insurance and general liability coverage in one plan. It's often the most cost-effective type of commercial insurance for a Massachusetts business.

  • Customer injuries and property damage
  • Business property damage
  • Business interruption coverage
Professional liability insurance icon

Professional liability insurance

This policy, also called errors and omissions insurance (E&O), protects Massachusetts businesses that provide professional services. It covers lawsuits related to work performance.

  • Work mistakes and oversights
  • Professional negligence lawsuits
  • Late or incomplete work
Errors and omissions insurance icon

Errors and omissions insurance

E&O, sometimes called professional liability insurance, is common with professional services in Massachusetts. It can cover the cost of lawsuits related to your work performance.

  • Missed deadlines
  • Accusations of negligence
  • Errors and oversights
Cyber insurance icon

Cyber insurance

This business insurance policy covers financial losses from data breaches and cyberattacks. It's recommended for businesses that handle credit cards and other sensitive data.

  • Customer notification expenses
  • Fraud monitoring services
  • Investigation of a data breach
Umbrella / excess liability insurance icon

Commercial umbrella insurance

Umbrella insurance boosts coverage on your general liability insurance, commercial auto insurance, and employer's liability insurance when the underlying policy reaches its limit.

  • Customer lawsuits
  • Auto accident lawsuits
  • Employee injury lawsuits
Commercial property insurance icon

Commercial property insurance

This policy covers the value of a business's physical structure and its contents, such as inventory, equipment, and furniture. Bundle it with general liability coverage in a BOP for savings.

  • Fire
  • Theft and vandalism
  • Weather damage
Looking for different coverage? See more policies.

How to get insurance for your Massachusetts business

View video transcript.

We're on top of your small and medium-sized business insurance needs. We'll help you find policies that protect what you've worked so hard to build. Start here.

Tell us about yourself. Questions? We've got your back. The info you share is secure. We'll double-check it and a pro with experience in your field will be in touch.

Fast? You can compare quotes from leading insurance providers in seconds and get a certificate of insurance the same day.

Always online, always on your side. Helping protect your business.

When you are ready to get insurance for your Massachusetts business, you can complete Insureon's easy online application to get quotes from top-rated insurance companies.

Which business insurance policies are required in Massachusetts?

State laws affect which business insurance coverage you need. These policies are required everywhere in Massachusetts, from Boston to Worcester.

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Workers' compensation insurance

According to Massachusetts state law, all businesses, from Boston to Cambridge, must carry workers' compensation insurance, regardless of the amount of hours worked by employees. Even employees in domestic service must be covered if they work at least 16 hours a week.

Workers' compensation covers medical costs for work-related injuries and illnesses. It also provides disability benefits to injured Massachusetts workers.

Purple check mark

Commercial auto insurance

All business-owned vehicles in Massachusetts must be covered by commercial auto insurance. This policy covers the cost of accidents involving commercial vehicles.

The minimum requirements for auto liability insurance in Massachusetts are:

  • $20,000 bodily injury liability per person
  • $40,000 bodily injury liability per accident
  • $8,000 personal injury protection (PIP)
  • $5,000 property damage liability per accident
  • $20,000 uninsured motorist coverage per person
  • $40,000 uninsured motorist coverage per accident

Trucking companies may need additional coverage to comply with regulations.

Though it's not required, personal vehicles driven for work purposes should be covered by hired and non-owned auto insurance (HNOA), as personal auto policies usually exclude business use. It can be added to general liability insurance or a business owner's policy.

How much does small business insurance cost in MA?

A small business owner calculating their small business insurance payments

Commercial insurance can be affordable for small business owners. Average premiums in Massachusetts are:

General liability: $41 per month
Workers' comp: $30 per month
Professional liability/E&O: $64 per month

Factors that affect business insurance costs include:

  • Your industry and risks
  • Business operations
  • Number of employees
  • Policy limits and deductibles

FAQs about Massachusetts business insurance

Review answers to frequently asked questions about Massachusetts small business insurance.

How do I get a certificate of insurance for my business?

Insureon's licensed agents can help you find policies that fulfill Massachusetts requirements and protect against financial loss. Once you've purchased insurance with us, you can download a certificate of insurance by logging into your account.

Can my company be held liable for a data security breach?

Yes – that's why cyber insurance is so crucial. Hackers are three times more likely to target small businesses, as they often have fewer resources to combat a threat.

Massachusetts data breach laws require businesses to report security breaches to affected residents, and the costs can escalate quickly. Cyber liability insurance lessens the financial impact by paying for notification costs, legal fees, and fines.

Does my industry affect state business insurance requirements?

Yes, your state may have special requirements for business insurance and bonds for your industry. You may also need a license depending on the work you do.

Contractors often need to carry general liability insurance or surety bonds to perform certain types of work. Having the right insurance and bonds helps you comply with state licensing requirements.

Real estate agents and brokers and other professionals who offer advice or services sometimes need errors and omissions insurance to get licensed in their state.

State law requires that practicing physicians carry professional liability insurance coverage. Physicians and surgeons are required to carry a liability limit of $100,000 per-occurrence and $300,000 aggregate per year/policy period.

Cannabis businesses in Massachusetts need to carry general liability insurance, product liability insurance, and a surety bond to operate legally.

Note that cities and counties may have their own laws, in addition to state laws.

How can I save money on Massachusetts business insurance?

As with any purchase, shopping around is one of the best ways to find an affordable option. With Insureon, you can compare quotes from top-rated insurance carriers by filling out a free online application.

Other ways to save include bundling insurance products for a discount, and choosing less expensive policy options, such as lower limits or a higher deductible. Learn more about how to find cheap business insurance.

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