Insurance for Antique Shops in Massachusetts

How Much is Insurance for Antique Shops in Massachusetts? 

From Cambridge to Cape Cod, there are plenty of places to go antiquing in Massachusetts. If you are an antique shop owner looking for insurance, one of the first questions may come to your mind is what the average cost for insurance is for an antique shop. No two antique businesses are exactly the same. What you will pay to insure your antique shop will depend on the coverage you select, as well as:

  • What property and equipment you are looking to insure
  • Where your shop(s) are located
  • Your business revenue
  • Your claims history
  • The number of employees you have

What Types of Insurance Do Antique Stores Need? 

Whether you have been running an antique store in Massachusetts for decades, or dream of one day opening one, you probably know that the business is filled with a number of risks. Protecting the countless treasures you store is at the forefront of your mind, as well as other risks like a customer tripping and falling. Below are some common coverages for antique stores.

Commercial Property

If your store were to be vandalized or damaged in a fire, the damage could begin to add up quickly. Commercial property coverage commonly helps protect your building, equipment, and inventory. As your business relies on having a physical location to store your antiques, this coverage should be at the top of your list for consideration.

General Liability

If your shop is open for the public to browse, you should consider general liability insurance. General liability policies typically cover claims from bodily injuries that occur in your place of business. If a customer tripped in your shop and injured themselves, it could put your business at financial risk. General liability also typically covers copyright infringement. If you are creating materials to advertise your store, such as print ads or social media posts, accidentally using unlicensed materials could present your business with another financial risk.

Inland Marine Insurance

If you transport your antiques to shows, warehouses, or other locations, your commercial property policy may not provide enough coverage. Review your policies with an insurance professional to see what value your commercial property policy covers. Inland marine insurance is a coverage that can provide financial protection for your business’s property that is transported over land or temporarily stored off site.

Business Interruption Insurance

Massachusetts residents know that our weather can bring sleet, ice, and snow. If a storm caused a tree to fall on your antique store, the cleanup and repair could take weeks. If your business is forced to close for a covered peril, business interruption insurance typically can help with costs like operating expenses. You can commonly add this coverage to your commercial property insurance.

Worker’s Compensation Insurance

If you have employees working in your shop, workers’ compensation insurance is likely required by law.

sign on an antique shop

Comparing Insurance Quotes for Your Antique Business

There are many routes that you could take to compare quotes for your antique business. A quick online search could provide a snapshot price of what it would cost to insure your business through a company, only for you to find out the price you will actually pay will vary depending on your business operations.

We are an insurance agency that works with over 100 carriers, which means more options for our clients. With offices located throughout Massachusetts, one of our knowledgeable insurance professionals may be closer than you think. Reaching out to our team is as simple as filling out our form here. If you prefer to call an office directly, you can find a list of our office locations here. 

What is a BOP?   

A BOP, or business owner’s policy, typically bundles two common insurance coverages- general liability and commercial property. Usually these polices come with a cost savings compared to buying the coverages separately. Typically, it can help your business recover from events like thefts and fires. Depending on what insurance carrier you go through, additional coverages may be available to add on to a Business Owner’s Policy such as data breach insurance or commercial auto insurance. In order to see how much your business will pay for a BOP, you can request a quote.

What Insurance Do You Need If You Appraise Antiques? 

If you evaluate or appraise antiques, a small mistake can dramatically change the cost of an item. Even if you accurately evaluate an item, if a customer believes an error was made that cost them money, they could sue your business. Professional liability insurance can help protect your business if a customer believes a mistake you made caused financial loss and tries to sue you. 

antique telephone sits on a shelf in an antique shop

Cyber Insurance for Antique Shops

With more and more businesses becoming reliant on technology, possible data breaches are becoming less of an “if” and more of a “when”. If your antique shop handles credit card data, keeps financial data, or stores confidential customer information, you should consider cyber insurance. Cyber liability insurance typically covers legal fees as a result of a data breach, as well as notifying customers.

Do I Need Insurance Before I Open My Antique Shop? 

As a new business owner, your costs for opening can add up quickly. Between display cases and filling your store with inventory, it can be tempting to skip insurance coverage. The unfortunate thing is you do not know when a claim will happen. Someone could break into your space and steal inventory in your first month open, or someone could slip on a wet floor on the first day open. If you are renting your space, many landlords will require that you show proof of insurance in order to rent the space. Not only is it wise to have insurance coverage in place before you open your doors for the very first time, it is also a good idea to regularly review your coverages and limits with an insurance professional to be sure you have adequate coverage as your business grows. 

Safety Tips for Shop Owners  

While there is no master checklist to avoid every safety hazard, there are a few things you can do to reduce the risk of injury at your shop.

  • Keep aisles and walkways clear
  • Spills and wet floors should be cleaned up immediately
  • Be sure your shop and parking area are well lit
  • Have your electrical equipment regularly inspected by a qualified individual 
  • Keep parking areas clear of snow and ice
  • Store heavy inventory on lower shelves


This article is for general informational purposes only and is not to be relied upon or used for any particular purpose. Cross Insurance shall not be held responsible in any way for, and specifically disclaims any liability arising out of or in any way connected to, reliance on or use of any of the information contained in this article. The information contained or referenced in this article is not intended to constitute and should not be considered legal, insurance, accounting or other professional advice, nor shall it serve as a substitute for the recipient obtaining such advice. The views expressed in this article are that of its author and do not necessarily represent the views of Cross Financial Corp. and its subsidiaries and affiliates (“Cross Insurance”) or Cross Insurance’s management or shareholders.

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