Topic: Business

  • some companies need business crime insurance to protect against theft and fraud

    Business Crime Insurance for Employee Theft & Other Risks

    Business crime insurance is often misunderstood or overlooked because of how it overlaps with the coverage in a basic business owner’s policy. Owners tend to think they already have it. Or else they’re not too concerned about buying it. After a year defined by lockdowns and supply chain nightmares, most business owners don’t rank “employee […]

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  • tips to improve builder contract

    9 Tips for Best-in-Class Builder Contracts

    Builder contracts are such a fundamental part of construction risk management we tend to take their role for granted. At some point—two, five, ten years ago?—you probably sat down with your attorney. Maybe you purchased a template from your local trade association. You reviewed Massachusetts’ requirements for residential contracting agreements. Now your standard language addresses […]

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  • 2021 homebuilding trends in Massachusetts

    2021 Homebuilding Trends and Builders Insurance Implications

    All throughout Massachusetts—particularly in Boston’s suburbs—the demand for single-family housing is sky high. Looking ahead, 2021 homebuilding trends that will continue to drive this demand include: More Boomers opting to “age in place” (tying up more of the state’s existing home supply) Younger families fleeing cities, thanks to Covid-prompted telework options Historically low mortgage rates, […]

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  • Commercial Plates MA: Info for Massachusetts Business Owners

    Got questions about your MA commercial plates? Our team is here to help. After 60+ years of insuring Massachusetts businesses—including those with sizeable fleets and heavy equipment—we are well-versed in state requirements and procedures. Further, we believe a key aspect of our job is helping clients handle commercial plate transactions. How should insurance agents help […]

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  • Builders Insurance Costs: 4 Easy Steps that Could Improve Your Rate

    Builders insurance costs (premiums) are dependent on a variety of factors. And when it comes to one key rating factor, the fate of your rate is largely in your own hands. It’s called your online presence (i.e. your website, social media accounts, and client reviews). More than ever, optimizing this factor could play a role […]

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  • insurance for snow removal

    Snow Removal Insurance: Key Differences in Coverage

    As you’ve probably heard—or have experienced firsthand—it’s increasingly difficult to buy snow removal insurance these days. An uptick in lawsuits, combined with unfair regulations, drive up the cost of snow plow insurance, by transferring the lion’s share of the exposure to snow and ice contractors. Many commercial carriers don’t want to write these policies. Those […]

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  • furloughed employees during covid and workers comp

    Workers Comp Class Code for Employees Furloughed due to COVID-19

    You may have heard about a new workers’ comp class code for employees furloughed due to the COVID-19 pandemic. The code offers a prime opportunity for qualifying employers to save money on MA workers’ comp. But there is a time-sensitive element to it… To help translate the WCRIBMA guidelines and help you prepare for audit, […]

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  • payroll is a keep component of a business insurance audit

    Business Insurance Audits and COVID-19

    They happen every year: business insurance audits. COVID-19 makes this year’s process a little more complicated… and potentially confusing. If you’re wondering how different payroll and operational changes could affect your audit, the following FAQs may help. During the pandemic, we’ve included COVID-related audit questions up top. More general FAQs about annual business insurance audits […]

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  • what is the cares act and how can it help small businesses

    The CARES Act: Coronavirus Aid, Relief & Economic Security

    FAQs from Small Businesses on the New CARES Act While we are not financial advisors, bankers, or accountants, we have been fielding quite a few questions about the CARES Act from our commercial clients. Below is a list of these FAQs along with answers we’ve curated from a host of reputable sources, including the SBA […]

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  • plumbing businesses are essential businesses during COVID-19 shutdowns

    Is My Business Essential? COVID-19 Restrictions in MA

    In response to the COVID-19 pandemic and rising case numbers throughout the U.S., Governor Baker recently issued an emergency “stay-at-home” order for all of Massachusetts. The order limits the movements of Bay State residents, and requires all “non-essential” businesses to close their doors until further notice. Which, for many business owners, begs the question: Is […]

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