Type of Business you Have and your Specific Risks

Out of 1,000 points, they earned 868, which takes into account price, products offered, customer service and claims. They have fourteen industry specialties to choose from, with a wide range of business insurance products. To get a quote, you fill out an online form and someone will get back to you, or you can call. As a small business owner, there are certain bases you need to have covered before you can safely operate. In this guide, you’ll learn about the types of insurance you’re required to have, and some other coverage options to help you protect your business from potentially expensive claims.

Railroad protective New York general liability insurance coverage protects contractors who work on or around railroad tracks and property. Travelers offers commercial general liability protection for many types of small businesses. One important thing for business owners to remember about BOPs is that, while they include multiple types of insurance, each coverage included in a BOP usually has its own limits, deductibles, and exclusions. Commercial general liability insurance covers accidents or injuries to your customers or other members of the public at your place of business. The insurance that you need for your small business depends on what type of business you have and your specific risks.

They work with several leading carriers and are able to provide quotes from these companies for you. You can apply online and within a few minutes get and compare several quotes in the same place. These companies are often non-admitted carriers , so special caution and procedures are required. Your agent or broker can assist you, and the NYSDFS requires him/her to carefully advise you of possible pitfalls.

General Liability Insure does not warrant or make any representations regarding the usefulness of or the expected results of the material contained on this website. You should contact your attorney, accountant and/or financial adviser to obtain advice with respect to any particular commercial insurance question, claim or issue. Lodging PlacesFind out what types of business insurance that New York hotels, motels and other lodging places should have to protect their varied operations. Some clients might also need you to agree to a certain level of general liability before you can provide goods or services to them. With NY general liability insurance, such issues are adequately handled.

Best & Co., Standard & Poor’s, or Duff & Phelps from the broker, agent or the company itself. For more information, contact the New York State Department of Financial Services, which is responsible for licensing carriers and monitoring their operations. Insurance consultants can help evaluate a business’s needs, design a plan and recommend the most economical carrier. But for small businesses, a qualified agent/broker can do the same thing.

Property Damage– damage caused by you or an employee to someone else’s property. The potential for customers to file a lawsuit after getting injured at your store or workplace. Submit claims, check status of disability or leave, and see payments.

The state of New York requires every business that has employees, full-time or part-time, to carry workers’ compensation insurance. A BOP bundles business property insurance and general liability coverage in one plan. It’s often the most cost-effective type of commercial insurance for a New York business.

You may lease space and your lease contract may stipulate that you retain general liability coverage while you are a tenant. If you are financing a building or equipment, your lender may require GL coverage. We chose Liberty Mutual as our best provider of business owners policies that combine multiple types of coverage into a single policy protecting against liability, property loss, and loss of income.

The New York City Business Group has addressed the insurance needs of businesses and individuals in the Staten Island NY, Brooklyn NY, New York NY, Queens NY, Nassau and Bronx NY for over 10 years. 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. The level of risk your company is exposed to is by far the biggest factor for how much you’ll pay. Anyone who deals with the public has a bigger risk than someone who works online in their basement.

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