Springfield, MA Business Insurance
Find the right business insurance policy for you.
Written by
Ann Herro has been writing about insurance and employee benefits for over 15 years. She has covered topics as easy as insuring a car, and as difficult as transparency in healthcare costs.
Often referred to as “The City of Firsts,” Springfield has been home to many important innovations, and it has always been a favorable environment for commerce and industry. It was ranked as the 24th most important high-tech center in the country. If you are running a business here, you are in a great place. But how do you prepare your business for the many risks it can be exposed to? An independent insurance agent in our network can help you find the right Springfield, MA business insurance that will protect your company from hazards, weather events, and lawsuits. Contact a local insurance agent for personal assistance today.
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Our independent agents shop around to find you the best coverage.
Springfield's Top Industry Sectors
- Trade and transportation
- Education and health services
- Manufacturing
- Tourism and hospitality
- Government
What Risks Can Springfield Business Insurance Cover?
In a recent report, the business leaders at Forbes magazine recommended that all businesses consider multiple commercial insurance policies for financial protection. There are many potential risks for which your company may need Springfield business insurance coverage, including:
- Damage to your business property from fire or severe weather
- Loss of income due to property damage
- Accidents or injuries within your workplace
- Injuries or property damage you or your employees may cause to others on a job site or while driving
- Personal injury or loss that a customer may experience as a result of using your products or services
The right business insurance for your unique business risks can be found easily when you're working with a knowledgeable professional. A local independent agent in our network can evaluate the specific coverage types you need. From there, you'll be able to easily compare a variety of Springfield commercial insurance quotes and assemble the various policies you need to cover your risks.
Important Types of Business Insurance
There are many different types of business insurance available. The policies that you will need in your insurance portfolio will differ considerably from other businesses. The factors that come into play include the size of your business, the type of products or services you offer, whether your employees drive and whether you deliver goods. Some of the coverage types that your agent may recommend include:
- General liability insurance
- Product liability insurance
- Directors and officers liability insurance
- Errors and omissions insurance (E&O)
- Property insurance
- Coverage for flooding and earthquakes
- Commercial vehicle insurance
- Data breach coverage
- Business interruption coverage
If you have a small business, you may only need two or three policies to cover your risks, and these can often be bundled into a plan called a business owners policy, or BOP, for savings on your business premiums.
Save on Business Insurance
Our independent agents shop around to find you the best coverage.
How to Cut Costs on Your Business Insurance
Every business owner keeps cost management in mind. Fortunately, there are savings to be found as you shop for the right Springfield business insurance to meet your company's unique needs. Part of getting the right insurance coverage at the right price is taking a hard look at the real risks you face and making sure you have the right coverage for those risks. Once you determine what you need, finding savings is the next step. An independent agent can consult with you about ways to save. These may include:
- Comparing similar coverage options from different insurance companies to determine which provider offers the best rates
- Combining several policies under one insurance company
- Incorporating safety procedures into your company policies
- Installing security cameras and systems to thwart crime, theft, and vandalism
- Ensuring that all hired drivers have a clean driving record
There are often business insurance discounts available that you will not see advertised online, so be sure to discuss all possible savings opportunities with your independent agent.
Tailoring Your Insurance to Your Needs
If you are a sole proprietor, your insurance needs might not be extensive. For example, you may be primarily concerned about professional liability if you provide design services or financial consulting. If you run a large corporation, by contrast, you may have a lengthy list of risk management priorities that require a broad range of coverage types. Either way, you don't want to buy more insurance than you need, nor do you want to have gaps in coverage that will leave your company exposed to unforeseen risks.
Working with an independent agent can help you get the right insurance, perfectly tailored to your specific needs and risks. These agents work with multiple insurance companies and can assemble specific coverage to manage risk and prepare for a range of incidents and claims you may face. Your agent will be able to provide all of your business coverage out of one local office.
Contact a local agent in our network today to compare Springfield commercial insurance quotes and find the business coverage you need.