Because of the vast array of things that can happen to cause you financial harm, not having General Liability insurance can be devastating to your business, and ultimately your life. 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 New York liability insurance you should get a general liability policy.
Our quote is for a home-based photography business with a sole proprietor and annual gross of $159,000. UNAUTHORIZED/NON-LICENSED/ NON-ADMITTED— Insurance companies that are not licensed by New York. RIDER— Term used in insurance contracts to describe a document that amends or changes the original policy.
In addition, project-specific general liability insurance is not required for storage sheds, garages or similar accessory uses for residential structures. General Liability insurance requirements for construction or demolition projects are now in effect. When pulling permits, contractors must provide proof that the new insurance requirements have been met. Convenience – There’s several ways to get a quote whether you need a single New York policy or a combination of coverages. Simply start a quote online or call us to speak directly with a licensed agent. Businesses in New York are required to have workers’ comp insurance if they have employees.
You can also get a customized quote online to find out exactly what you’ll pay. New York requires that all drivers carry minimum automobile insurance. If you use your car or truck for business, it is recommended that you purchase a commercial vehicle policy. A small business is defined as any company with fewer than 500 employees. Of New York’s nearly 2 million small businesses in 2008 , 440,510 were small employers. Their professionalism and in depth knowledge of Property insurance gives my buyers the best and most cost effective solution for their new home insurance policies.
Business interruption insurance can provide sufficient funds to pay your fixed expenses and lost business income during a period of time when your business is not operational. Business income means the net income that would have been earned or incurred, as well as continuing normal operating expenses incurred, including payroll. Extra expense coverage will reimburse you for covered expenses while temporarily relocated at another premise during your reconstruction due to a covered loss. NY general liability insurance protects your business against property damage, advertising injury claims, personal injury claims, and bodily injury claims.
This coverage is not automatically included in a standard homeowner’s policy. In a retail business, you need to have the right type of commercial insurance coverage so that your store, employees, and inventory are protected. In our litigious society, more and more businesses are being sued due to issues like libel, slander, property damage, and bodily injury, just to name a few. Apart from that, businesses can be sued even when they have not done anything wrong.