Insurance Education

An increasing number of bars, taverns and microbreweries in Massachusetts are hosting concerts, food truck rallies and other special festivals. Event insurance can help mitigate some of the risks that come with holding festivals like these, and establishments are often able to purchase a policy well in advance of their scheduled celebration. In fact, there are several advantages to getting a policy sooner rather than later.

The work that electricians and electrical contractors do exposes them to a range of risks, and they typically need several insurance coverages to protect against those risks. If you perform electrical work in Massachusetts, getting electrician insurance that includes the following coverages is probably a good idea.

In the digital world that so many businesses operate in today, it’s necessary to insure more than just physical property. Businesses must protect their digital data, as well. Here’s a look at the protections that commercial property policies usually provide Massachusetts businesses with -- and why most businesses should consider getting cyber insurance.

When applying for directors and officers insurance, your Massachusetts business will likely be asked a “warranty question.” Insurers word this question in various ways, but it generally asks whether the applying company is aware of any facts, circumstances or situations that could lead to claim against the insurance policy. Any issues disclosed are typically excluded from coverage, which can make this question challenging to answer. Here are some tips on how your business may want to approach this question.

Employment practices liability policies help protect Massachusetts businesses from employment-related liability claims. For covered claims, policies typically help pay both legal fees and settlements associated with the claims (up to the policies’ limits). Here are some examples of incidents that your business could be involved in and an EPLI policy might cover.

Many Massachusetts businesses have thousands, and sometimes tens of thousands, of dollars invested in computers and mobile devices. Because computers are so valuable -- and the data on them is often even more valuable -- it’s important to make sure they’re properly insured. To best insure your business’ computers, your company will probably need a combination of cyber insurance, commercial property and inland marine insurance. Here’s a look at how these three coverages can work together to help protect your business’ computers and the data on them.

Commercial property insurance policies are complex documents that carefully detail precisely what protections they offer. While Massachusetts business owners should review all of a policy’s paperwork when purchasing a policy, there are a few particular items to pay special attention to. If you’re in the process of getting business property insurance for your business, make sure you carefully review these five items before purchasing a policy.

On the surface, canceling a seasonal business’ commercial auto insurance when the business’ season comes to a close may seem like a savvy financial move. If a seasonal business doesn’t need to use vehicles when it’s closed, why should it have to pay for commercial auto coverage? One may be led to believe that eliminating these premiums may help keep overhead low during the offseason.

Not insuring a seasonal business’ vehicles -- even if they aren’t in use -- can have two significant drawbacks, though. If you own a seasonal business in Massachusetts, here’s why you may not want to cancel its commercial auto policy when its season comes to an end.

Independent insurance agents frequently recommend business owners policies to small businesses in Massachusetts that have typical insurance needs. They often suggest these policies because the policies are designed to meet small business’ insurance needs -- and because the policies offer several benefits. Here are four benefits that a business owners policy will likely provide.

As is the case with most kinds of insurance, there isn’t one amount of business interruption insurance that’s right for every business. How much coverage your Massachusetts business ought to carry depends on its risk exposure, financial position, and operations. Here’s a look at the different protections available that your business might want.