Do you have an office in which any person at all, customer or postman, visits? Regardless of whether you are on your premises or at a job site you are liable for any bodily injury that may occur to another person. For example, if the postman brings your mail and you failed to fix cracks in your porch leading up to the door and they tip and get injured, you will be responsible for the damages. Additionally, if a customer or food delivery person walks on your job site and is injured, you are liable for that as well. This proves to them that you have active insurance coverage, which is typically a requirement if you’re running a business in most states.
Professional liability New York general liability should be considered if your business provides professional advice, offers a professional service, or has contractual requirements for the coverage. Liquor liability insurance is business coverage that protects your business against loss or damages claimed as a result of a patron of your business becoming intoxicated and injuring himself or others. If your business manufactures, sells, serves or facilitates the use or purchase of alcohol, then your business will likely need this coverage. Liquor liability coverage may be sold as an add-on to a commercial liability policy or as a stand-alone policy. But, if you do not purchase this extra coverage, your standard commercial general liability policy does not protect your business against liquor-related claims.
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. As a small business owner, there are certain bases you need to have covered before you can safely operate.
A good rule of thumb for most small businesses is between $500,000 and $1 million. However, if yours is a high-risk business such as the building trades or has a high volume of interaction with the public such as a retail business, you should consider increasing your coverage. Note that if you operate out of your home, your homeowner’s or renter’s insurance has limited coverage for business liability and loss. Workers’ comp covers medical bills for work-related injuries and illness.
Commercial PropertyRead up on New York commercial property insurance, including how business property insurance protects your company’s building’s and/or their contents from damage, destruction, theft and vandalism. Advertising, Marketing and MediaLearn about New York media liability insurance – a specialized form of professional liability insurance that provides protection for legal claims brought by third parties. Commercial property insurance is often included as part of a Business Owners’ Insurance Policy, or BOP. Each situation is unique, but as a general guideline, the type of New York business you operate or products you manufacture should determine how much New York commercial general liability insurance you need.
If a non-employee slips and falls due to a workplace hazard or you accidentally damage a client’s property while working in their home, the last thing you need is to pay out-of-pocket for damages. Not having any insurance, or the right kind of insurance, for your New York small business may put you and your employees at risk. That’s why it’s recommended that you consult with a professional on the types of business insurance you need. A BOP combines property and liability coverage into one easy-to-manage policy. It’s popular among owners of small to medium-sized businesses who rent or own the building in which they do business. Shop for commercial insurance through The Progressive Advantage® Business Program.
Mental injuries and emotional distress can be considered bodily injuries, even in the absence of physical bodily harm. While the law may not state it, there’s a good chance you need to carry other business insurance policies in addition to workers’ comp. Many contracts require a general liability policy and/or a professional liability policy.
Get the best NY small business insurance quotes online & info on cost, coverage, minimum requirements, certificates & more. 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. The insurance products on (the “”Site””) are underwritten by different carriers dependent on the relevant line of business – see huckleberry.com/carriers. The information contained on this page should not be construed as specific legal, HR, financial, or insurance advice and is not a guarantee of coverage.
“”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.”” Trucking companies may need additional coverage to comply with regulations. Travelers offers small business solutions to help you protect and grow your business.