The top-rated business insurance agent in Gloucester, Massachusetts is Prince Insurance Agency, Inc., rated 4.9 stars across 88 reviews. Other highly rated options include Babson-Elwell & Davis, Inc, Carroll K Steele Insurance Agency, Lauranzano Insurance Agency, Inc. This directory lists 10 business insurance agents serving Gloucester.
Comparison
| # | Name | Address | Phone |
|---|---|---|---|
| 1 | Prince Insurance Agency, Inc. | 15 Washington St | (978) 283-7314 |
| 2 | Babson-Elwell & Davis, Inc | 44 Blackburn Center | (978) 283-1561 |
| 3 | Carroll K Steele Insurance Agency | 32 Pleasant St | (978) 283-5100 |
| 4 | Lauranzano Insurance Agency, Inc | 44 Blackburn Center | (978) 927-8420 |
| 5 | Globond Financial | 118 Prospect St | (917) 523-9163 |
| 6 | Palazzola Insurance Agency | 1 Main St u9 | (978) 283-7711 |
| 7 | Favazza Johnson Insurance Agency | 218 Main St | (978) 283-0016 |
| 8 | Gallagher Insurance, Risk Management & Consulting | 4 Railroad Ave | (800) 333-7234 |
| 9 | Salem Five Insurance Services, LLC | 321 Gloucester Crossing Rd | (978) 283-7757 |
| 10 | The Bishop Company, LLC | 32A Kennedy Rd | (978) 927-2008 |
Prince Insurance Agency, Inc. serves the businesses of Gloucester and the surrounding Essex County area as a dedicated business insurance agent. The agency works with local commercial clients to identify and manage their unique liability and property exposures. It helps business owners secure coverage options tailored for the risks common to coastal communities, such as weather-related disruptions and maritime operations. In this region, it specifically handles general liability policies and workers' compensation coverage for small to medium-sized enterprises.
Babson-Elwell & Davis, Inc provides a wide range of business insurance products, including general liability, property, and workers' compensation coverage. The agency also offers ongoing risk assessment and policy review services to help local businesses adapt to changing needs and maintain adequate protection. Located in Gloucester, MA, the firm services a diverse portfolio of commercial properties throughout the region, including single-family homes used for business, apartment complexes, retail storefronts, and restaurants requiring specialized coverage.
Carroll K Steele Insurance Agency serves businesses, property managers, and commercial property owners in and around Gloucester, Massachusetts. It offers general liability, property, and workers' compensation coverage tailored to protect local enterprises from financial risk. The agency helps clients assess their exposure and select appropriate policies for their specific operations. Its services also extend to the neighboring community of Rockport and other parts of Cape Ann.
Serving Gloucester and surrounding communities on Cape Ann, Lauranzano Insurance Agency, Inc provides business insurance policies to local companies. It handles a range of essential coverages, including general liability and property protection, to help safeguard commercial operations. The agency supports both small ventures and larger establishments in navigating their risk management needs. To handle a typical job, it begins with a thorough review of a business’s specific exposures before tailoring a policy package designed to fill the identified gaps in coverage.
Based in Gloucester, MA, Globond Financial specializes in tailoring commercial coverage for local businesses, assessing risks unique to the Cape Ann area. The agency works closely with clients to structure general liability, property, and workers’ compensation policies that align with specific operational needs. This includes reviewing contract requirements and asset valuations to ensure adequate protection without unnecessary coverage gaps. As winter storms approach, it helps seasonal businesses adjust their policies to account for potential snow-related closures or damage to parked fleets.
Palazzola Insurance Agency in Gloucester, MA, distinguishes between one-time policy consultations and recurring annual coverage reviews for local business owners. Their offerings include general liability, property, and workers' compensation insurance tailored to regional commercial needs. As a business insurance agent, the firm helps companies assess operational risks and secure appropriate protection for assets and daily operations. Service appointments are available on both a scheduled basis for periodic policy evaluations and an as-needed basis for immediate questions or claims assistance.
For many Gloucester small businesses, seasonal weather demands careful property planning. The Favazza Johnson Insurance Agency helps local shops and service providers navigate standard liability and commercial property coverage. They review risks specific to harbor-side operations, from equipment storage to customer foot traffic. The agency arranges quotes from recognized carriers and explains policy differences without specialist jargon. Their process typically begins with a brief inspection of the business premises and a discussion of current coverage limits.
Gallagher Insurance, Risk Management & Consulting serves residential clients in Gloucester, Massachusetts, by arranging coverage for homes and personal property. For local businesses, the agency provides commercial insurance solutions tailored to protect small enterprises against common operational risks. Their service area extends throughout the Gloucester region, ensuring accessibility for clients seeking professional advice on liability and asset protection. Whether handling policy adjustments or new claims, the office follows up promptly to maintain coverage continuity between regular scheduled visits.
Salem Five Insurance Services, LLC in Gloucester, Massachusetts is known for helping local businesses identify and manage their unique risk exposures. The agency works closely with commercial clients to build customized coverage packages that protect company assets, property, and operations. By assessing the specific needs of each enterprise, from retail shops to professional offices, the agency ensures appropriate liability and property protection. Additionally, its service range often includes tailored workers’ compensation policies designed to safeguard both the business and its employees on the North Shore.
The Bishop Company, LLC works with businesses in the Gloucester area to arrange coverage for their property, liability, and operational risks. It specializes in tailoring business insurance packages that address the specific exposures clients face. The agency can serve a variety of commercial sectors, including local offices, warehouses requiring inventory and equipment protection, and food service operations needing coverage for premises and product liability.
What Does a a Business Insurance Agent in Gloucester Cost?
Typical costs for a business insurance policy in Massachusetts range from about 500 dollars per year for a small low risk home based business to over 5,000 dollars per year for a larger operation with employees and vehicles. Premiums depend on factors like industry payroll location and claims history. Gloucester businesses near the waterfront may pay higher rates due to flood and storm exposure. This is general information and not insurance advice.
About business insurance agents in Gloucester
Business insurance agents in Gloucester Massachusetts help local companies find policies that meet state legal requirements and protect against common risks like property damage and liability. Massachusetts law requires most businesses to carry workers compensation insurance if they have employees. An agent can explain the specific coverages needed for Gloucester industries such as fishing tourism and marine trades.
Frequently Asked Questions
What types of business insurance are required in Massachusetts?
Massachusetts law requires workers compensation insurance for most businesses with employees. Commercial auto insurance is required for any business owned vehicles. General liability insurance is not required by state law but is often required by landlords and contracts.
How do I choose a business insurance agent in Gloucester?
Look for an agent licensed by the Massachusetts Division of Insurance. Ask about their experience with Gloucester businesses such as seafood processors or charter boat operators. Check if they offer policies from multiple carriers to compare options.
Does a home based business in Gloucester need insurance?
A standard homeowners policy usually does not cover business related claims. Massachusetts agents recommend a separate business owners policy or a home business endorsement. This can protect against liability for client visits or damage to business equipment.