Massachusetts Mortgage Broker businesses pay $135–$675/month.
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| Location | Est. Monthly Rate | Get Quote |
|---|---|---|
| Boston | $209–$1,046/mo | Compare → |
| Worcester | $169–$844/mo | Compare → |
| Springfield | $155–$776/mo | Compare → |
| Cambridge | $216–$1,080/mo | Compare → |
| Lowell | $162–$810/mo | Compare → |
| Brockton | $159–$797/mo | Compare → |
| New Bedford | $149–$743/mo | Compare → |
| Quincy | $182–$911/mo | Compare → |
| Lynn | $162–$810/mo | Compare → |
| Fall River | $149–$743/mo | Compare → |
| Middlesex County | $203–$1,013/mo | Compare → |
| Worcester County | $169–$844/mo | Compare → |
| Essex County | $176–$878/mo | Compare → |
| Suffolk County | $209–$1,046/mo | Compare → |
| Norfolk County | $189–$945/mo | Compare → |
| Hampden County | $155–$776/mo | Compare → |
| Bristol County | $155–$776/mo | Compare → |
| Plymouth County | $162–$810/mo | Compare → |
| Barnstable County | $149–$743/mo | Compare → |
| Hampshire County | $155–$776/mo | Compare → |
Mortgage Broker businesses in Massachusetts typically pay $135–$675/month for workers' compensation insurance. Rates vary by city, revenue, employee count, and claims history.
Yes — Massachusetts requires workers' compensation for most employers with at least one employee. Mortgage Broker businesses that skip coverage face stop-work orders and personal liability.
Workers' Compensation Insurance covers employee medical bills, lost wages, and employer liability for workplace injuries. For Mortgage Broker businesses, key covered scenarios include: Errors in financial advice or documentation; Data breach and client identity theft; Professional negligence claim.
Top exposures: (1) Errors in financial advice or documentation, (2) Data breach and client identity theft, (3) Professional negligence claim, (4) Regulatory audit and compliance issue.
Top carriers in Massachusetts for Finance, Insurance & Real Estate businesses: The Hartford, Travelers, Liberty Mutual, Nationwide, Coterie, Thimble, CNA, and Employers. Use ERGO Next to compare coverage options from top-rated commercial carriers.
Yes — most Mortgage Broker policies can be quoted, bound, and issued same-day. Your Certificate of Insurance is available immediately after binding.
Rate estimates reflect 2026 industry data adjusted for Massachusetts cost index. Content reviewed by My Digital Kube editorial team, licensed commercial insurance professionals.