If you own a business, having General Liability coverage is not optional — it’s mandatory. Every business needs to protect themselves from accidents or injuries that may occur on their business grounds. General Liability insurance coverage can protect your New York business from these unexpected expenses. 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. There are more than 450,000 small businesses in New York state, which make up over $950 million dollars in revenue https://www.bayareacrosswords.org/
Cover medical bills and lost wages if your employees have an accident at work. Protect yourself from accidents that cause physical injury or damaged property. If you like what you see, you can adjust the package limits and make your purchase. Your insurance will begin immediately after payment, and you’ll have access to your certificate of insurance. Someone gets injured on site and asks you to pay for medical expenses.
Unlike workers compensation insurance and commercial auto insurance general liability is not required. You could buy a stand-alone policy or combine general liability insurance with property insurance. 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. We only share customer information with our insurance carriers to place business liability coverage.
The final cost of liability coverage from one business to the next will vary significantly based on the SIC code or the insurance company’s own classification system for GL rating. Some additional factors used to develop insurance costs include the nature of your business, your physical location, prior claims experience, and your years in business. If you provide professional services and your advice is alleged to have led to one of your clients suffering a financial loss, professional liability insurance can help. New York requires that anyone who employs at least one person, whether full or part time, carry workers compensation insurance. Sole proprietors, partners, and one/two person corporate officers with no employees are not required to carry workers compensation.
Be sure to get quotes from many companies so you can compare prices and coverages. Small BusinessProtect your company and employees with NY commercial insurance. Read informative articles on New York small business insurance coverages – and how they can help shield your company from legal liabilities. If your business is ever sued or held legally responsible for some kind of damage or medical injury, then having general liability insurance can prevent the lawsuit from turning into a financial disaster. This type of insurance pays losses arising from damage to others’ property, real or alleged bodily injury, and personal injury that occurred on your property or as a result of your business operations.
This coverage will pay for damages to the property that is being renovated while construction is in progress. You also have the option to cover building materials that have not been installed yet, even for theft which is an unfortunately common occurrence in your industry. The cost of business insurance in New York depends on a number of factors, including industry, number of employees, and the amount of payroll. Additionally, your claims history will influence your policy cost. We’re often less expensive and easier to do business with than other insurance companies. We’re also part of the Berkshire Hathaway Insurance Group, the nation’s largest insurance company in terms of assets.
The most influential factor, however, is the type of work that you do. Businesses are typically rated on the exposures that are unique to their industry. High-risk professions like tree trimmers and manufacturers can expect to pay more for coverage. “”We needed quotes fast and coverage even faster. We received both. We appreciate your service. THANK YOU.”” Skene Valley Group is an independent insurance agency with offices in Whitehall, Granville, and Cambridge, New York. Stay on the road with coverage for dents, tows and damage to someone else’s vehicle.
MiscellaneousFind informative articles on miscellaneous NY businesses including the types of commercial insurance they need, costs and other considerations. Whether you are a new business, office, restaurant or you’re in a tough industry like contractors and trucking, we have insurance partners willing to write your GL insurance coverage. At Thimble, we don’t currently offer insurance in the state of New York.
To get a quote, you fill out an online form and someone will get back to you, or you can call. 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. Thimble is a new insurance alternative for small business owners who may only need general liability insurance coverage for a short period of time.
Shop for commercial insurance through The Progressive Advantage® Business Program. We’ll help you customize a New York business insurance policy based on your needs. Xtend Endorsements provide broadened liability coverage for auto dealers, architects and engineers, colleges and schools, technology, healthcare and service industry providers. Don’t let a liability claim derail the plans and aspirations you have for your business. To get started with general liability and other business insurance solutions, contact a Travelers independent agent or visit travelers.com.