Call Us Today:
781.476.5976

Small Business Liability Insurance

Small businesses face many of the same risks as larger companies, but don't have the same resources to fall back on if something goes wrong—that's where small business insurance comes in. This policy can reimburse you for certain forms of loss, giving you the time and support you need to get back on your feet and resume your normal operations. This coverage is so important that over 90% of small business see it as a worthwhile investment even when they don't have a lot of cash to spare.

When you're choosing a policy, Brownson Insurance Agency, Inc. agents can ensure that the policy's limit is high enough to cover your risks. The fact that your business is small doesn't shield you from costly claims, so it's important to obtain the best coverage you can as soon as your company's growth permits. In particular, be sure to increase your policy's limits as your company's revenue grows.

Small Business Coverage

As explained by the Small Business Administration, there are three types of liability coverage that small businesses commonly need:

  • General Liability Insurance covers issues with negligence, injuries, and accidents. Its main emphasis is on helping with the costs of legal defense, as well as providing coverage if you lose your case.
  • Product Liability Insurance is for companies that deal with physical products of some kind. The main focus of this coverage is reimbursing you for claims that arise from injuries caused by a defective product. If you deal exclusively in digital products and services, this policy will not cover those—ask one of our agents about your options.
  • Professional Liability Insurance focuses on errors and negligence that may occur during the course of providing products or services to your customers. If any of the advice you give them is wrong, they may sue for damages, and this policy will help to reimburse you.

Most companies can get by with these three types of small business liability insurance. However, you may need additional coverage if your operations are high-risk enough that a standard policy won't cover them. If you're not sure whether or not your policy covers your operations, our agents would be happy to discuss the issue and make any changes that may be necessary.

Making Sure Your Business Can Get Coverage

Most small businesses can obtain liability insurance without trouble. The only common exceptions to this are companies that operate in industries that are particularly high-risk—for example, companies producing acids for industrial use may find it harder to get coverage. If you're worried that some aspect of your business will increase your premiums or make it more difficult to obtain coverage in the first place, call Brownson Insurance Agency, Inc. today and ask for guidance. You may find that there is no problem getting insurance at all—and if there is, we may be able to help you reduce your risks and bring premiums into an affordable range.

 

1. "Business & Employee Insurance Issues Among U.S. Small Businesses." National Association of Insurance Commissioners. Accessed April 21, 2016. http://www.naic.org/documents/newsroom_small_business_summary.pdf.

2. "Finding Coverage That Matches Your Business Size." III. Accessed April 21, 2016. http://www.iii.org/article/finding-coverage-that-matches-your-business-size.

3. "Types of Business Insurance." The U.S. Small Business Administration | SBA.gov. Accessed April 21, 2016. https://www.sba.gov/managing-business/running-business/insurance/types-business-insurance.

Our Locations

Brownson Insurance Agency, Inc.

139 Albion St.
Wakefield, MA 01880
Main office: 781-476-5976
Fax: 781-245-3826

Office Hours:

Mon: 9:00 AM - 4:30 PM
Tues: 9:00 AM - 4:30 PM
Wed: 9:00 AM - 4:30 PM
Thurs: 9:00 AM - 4:30 PM
Fri: 9:00 AM - 4:00 PM
Sat: Closed
Sun: Closed

Byfield Insurance Agency, Inc.

147 Merrimac St.
Newburyport, MA 01950
Main office: 978-528-4787
Fax: 978-462-2880

Office Hours:

Mon: 9:00 AM - 4:30 PM
Tues: 9:00 AM - 4:30 PM
Wed: 9:00 AM - 4:30 PM
Thurs: 9:00 AM - 4:30 PM
Fri: 9:00 AM - 4:00 PM
Sat: Closed
Sun: Closed

Humphrey Insurance Agency, Inc.

147 Merrimac St.
Newburyport, MA 01950
Main office: 978-525-0296
Fax: 978-462-2811

Office Hours:

Mon: 9:00 AM - 4:30 PM
Tues: 9:00 AM - 4:30 PM
Wed: 9:00 AM - 4:30 PM
Thurs: 9:00 AM - 4:30 PM
Fri: 9:00 AM - 4:00 PM
Sat: Closed
Sun: Closed

Our Providers

Testimonials

Thank you so much for your assistance in explaining homeowners insurance when we bought our first house last month. Your help navigating through all our requirements the bank put on us was really appreciated. You made that part of the house buying process so easy. Brownson Insurance is lucky to have you working there. Thanks so much!!!
- EJ
How can I thank you enough. Your knowledge and professionalism is awesome. When my father told me to go to Brownson Insurance, I had no idea where he was sending me. That was fifteen years ago, two houses ago, at least four cars ago, and two kids ago. Thanks for going to the registry for me for this latest car swap. I really do appreciate your work with all my “stuff”.
- JH
I just want to say that after 30 years of dealing with Humphrey Insurance, I’m glad you’ve been there every step of the way. Your organization of my many properties insurance policies is refreshing. Especially in today’s world of automation, I love being able to pick up the phone and get a caring human voice on the other end. You’re the best! I hope your there for another 30 years.
- BL
How do you do it? You wear so many hats when it comes to my many insurance needs and I just feel like I needed to send you a note saying so. I know I can trust your advice when I seek it, and I do often. Cars, a house, kids driving, yikes. You’ve seen it all. Your advice is always spot on. Thanks for being there for me whenever I need you.
- JS