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Anyone who wants to rent commercial property could be required to have coverage as part of their commercial lease. There are more than 450,000 small businesses in New York state, which make up over $950 million dollars in revenue. A small business is defined as having fewer than 100 employees and can include anything from coffee shops to IT services. For malicious acts or any crimes you commit, well, there’s no New York commercial general liability insurance policy for that. As you may have gathered, New York can be a whole different animal when it comes to insurance for contractors.
Claims make your premium go up – so reduce your risks to avoid claims and keep your premium low. When you buy a policy, you can choose to pay your premium monthly or annually. Stay on the road with coverage for dents, tows and damage to someone else’s vehicle. Cover medical bills and lost wages if your employees have an accident at work.
Personal Injury– libel, slander, copyright infringement, invasion of property or privacy, wrongful eviction, false arrest and similar acts that cause damage to a person’s reputation or rights. Submit claims, check status of disability or leave, and see payments. “”The response time was almost immediate. The options I was given were based on my company’s needs. I received the policy in record time.”” “”I had an urgent contractual requirement for insurance in December to pay before the end of the year. Holly Burton worked with The Hartford to send me an invoice around Christmas. I have saved hundreds in taxes.”” Travelers offers small business solutions to help you protect and grow your business. Wondering how to increase job retention and help employees stay healthy?
Even if your customers, clients, or partners don’t require you to carry specific policies, it’s recommended that you carry policies to cover any part of your business that could be at risk. Financially protecting your company is one of the smartest business decisions you can make. NY general liability insurance protects your business against property damage, advertising injury claims, personal injury claims, and bodily injury claims. Such claims could jeopardize the success and reputation of your business.
The cost of Commercial General Liability insurance varies mainly according to the nature of the business in question. A construction company, for example, is more likely to damage someone’s property than an accounting firm. Policy limits also affect the premiums, but on average, most small business owners can get CGL insurance for less than $60 per month. To find the best insurance for you, it’s a good idea to get a general liability insurance quote from an insurance company, like The Hartford. This can help you find the right coverage for your business at the right price. Cyber insurance protects against incidents like data breaches and cyber attacks.
If you decide to buy a general liability insurance policy through them, you can get the certificate of insurance digitally and immediately. You can also use their great digital dashboard to manage all of your business insurance policies in one place. You can file claims online, renew online, and manage your policies completely digitally. Food and DrinkLearn about New York restaurants, bars, liquor stores commercial insurance coverages.
The state of New York requires every business that has employees, full-time or part-time, to carry workers’ compensation insurance. These policies are required everywhere in New York, from Rochester to New York City. Employment Practices Liability Insurance Employment Practices Liability Insurance for employers covers employment-related liabilities other than on-the-job injuries. This can include legal fees and damages for suits such as wrongful termination, discrimination, sexual harassment, and other alleged violations of employees’ legal rights.
With any type of insurance there are certain underwriting and eligibility questions that must be answered in order for the insurance company to determine what the final rating will be. Get a quote entirely online or speak with one of our insurance experts right away for help getting a quote, buying a policy, or answering any questions you may have. If you are thinking about doing business in the Empire State, one of the best industries to consider is finance.
You’ll get help paying for expenses after an accident if you’re held responsible for injuring someone or damaging their property. Commercial general liability can also help cover defense costs if you are accused of libel or slander. Many people who work in small business insurance say if you can only afford one type of insurance, you should get a general liability policy. It makes sense, because you don’t even need to have done anything wrong for someone to sue you these days. While the above insurance policies are a good place to start with protecting your business, they are not the only ones you may need.
AgribusinessLearn about NY agribusiness insurance – a type of commercial insurance protects farmers against loss of, or damage to crops or livestock. As a business owner or small contractor, you require a form of general liability protection, to shield you from such unexpected situations. A single accident might lead into a lawsuit that is beyond your financial abilities. When that happens, you will be staring at losing your source of livelihood. Get the best NY small business insurance quotes online & info on cost, coverage, minimum requirements, certificates & more.