Business Insurance from Massachusetts Specialists
Required Business Insurance Coverage
There are certain insurance policies your business must have if you have employees by law in Massachusetts or any other state you are operating in. Failure to comply with state and federal laws can result in fines and penalties. Massachusetts requires several types of insurance if your business meets certain criteria.
- Workers Compensation Insurance: Required for businesses that have employees.
- Unemployment Insurance Tax: Must also be paid for businesses with employees.
- Commercial Auto Insurance: Required if your business owns or leases vehicles for business use.
- Health Insurance: If your business meets the criteria specified in the Affordable Care Act.