The right MA business insurance coverage will safeguard your livelihood from things beyond your control, ensuring that a mistake or an accident doesn’t become a devastating event for your business.
The agents at Eagle Trust Insurance are accustomed to working with MA business insurance and some of the areas you may want to consider insuring are:
MA Commercial Auto Insurance
MA commercial auto insurance standards are much the same as those for your personal car. You’ll need coverage for liability, collision and comprehensive, medical payments and uninsured motorists. If you, like many business owners, use your personal car for business as well, you’ll want to be sure that your policy names your business as the principle insured. Getting the right coverage to protect you both personally and commercially can be a complicated process, which is why the independent agents at Eagle Trust Insurance are here to walk you through it.
Contact us or request an online quote today to discuss your commercial auto needs. We’ll help you figure out the best policy and options based on your usage and whether your employees are also using the vehicle.
GENERAL LIABILITY: A personal umbrella policy does not typically protect your business and commercial assets. In order to insure that a lawsuit or other employee issue doesn’t devastate your business financially, you’ll want to assume a General Liability policy for your business.
General Liability insurance can prevent a legal suit from turning into a financial disaster by providing financial protection in case your business is ever sued or held legally responsible for some injury or damage. General Liability pays losses arising from real or alleged bodily injury, property damage, or personal injury on your business premises or arising from your operations.
General Liability also often covers other areas, including:
- Bodily Injury, including the cost of care, the loss of services, and the restitution for any death that results from injury
- Property Damage coverage for the physical damage to property of others or the loss of use of that property
- Products-Completed Operations provides liability protection (damages and legal expenses up to your policy’s limit) if an injury ever resulted from something your company made or service your company provided
- Products Liability is a more specialized product liability insurance that protects your company against lawsuits from product-related injury or accidents
- Contractual Liability extends to any liability you may assume by entering into a variety of contracts
- Other coverage includes: Reasonable Use of Force; Borrowed Equipment; Liquor Liability; Non-Owned Vehicles (such as aircraft and watercraft); Fire, Lightning or Explosion Damage; Water Damage Liability Protection; Legal Defense Costs; Medical Payments; Personal Injury; Advertising Injury; and specialized liability protection for specific business types
MA Workers Compensation
MA workers compensation laws were created to ensure that employees who are injured on the job are provided with fixed monetary awards. This eliminates the need for litigation and creates an easier process for the employee. It also helps control the financial risks for employers since many states limit the amount an injured employee can recover from an employer. Workers Compensation Insurance is designed to help companies pay these benefits. As a protection for employees, most states require that employers carry some form of Workers Compensation Insurance. Workers Compensation Insurance is not health insurance. Workers Compensation is designed specifically for injuries sustained on the job.
Employers have a legal responsibility to their employees to make the workplace safe. However, accidents happen even when every reasonable safety measure has been taken. To protect employers from lawsuits resulting from workplace accidents and to provide medical care and compensation for lost income to employees hurt in workplace accidents, in almost every state, businesses are required to buy workers compensation insurance. Workers compensation insurance covers workers injured on the job, whether they’re hurt on the workplace premises or elsewhere, or in auto accidents while on business. It also covers work-related illnesses.
MA workers compensation provides payments to injured workers, without regard to who was at fault in the accident, for time lost from work and for medical and rehabilitation services. It also provides death benefits to surviving spouses and dependents.
Each state has different laws governing the amount and duration of lost income benefits, the provision of medical and rehabilitation services and how the system is administered. For example, in most states there are regulations that cover whether the worker or employer can choose the doctor who treats the injuries and how disputes about benefits are resolved. Workers compensation insurance must be bought as a separate policy. Although in-home business and business owners policies (BOPs) are sold as package policies, they don’t include coverage for workers’ injuries.
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