Customize your Policy to Meet your Business’

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. Medical and DentalDiscover New York business New York general liability for medical and dental professionals.

If you rent property, your landlord will probably require you to have some general liability insurance, but anyone who deals with the public should also have it. Independent contractorin any aspect of the construction industry, you’re probably aware that you need insurance coverage over and above what your general contractor is required to carry. In fact, many independent contractors are under-insured, simply because they don’t know how much liability coverage they truly need. This is the maximum amount of insurance that you could claim from your general liability insurance policy. The higher your total coverage limit, the higher your small business liability insurance costs.

Requirements for state and municipal contracts may be different than those for contracts with private parties. The minimum coverage recommended for most contractors and situations is $2 million. 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.

You can receive substantial fines and criminal penalties if you’re caught doing business with employees in New York without a workers’ comp 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. Food and DrinkLearn about New York restaurants, bars, liquor stores commercial insurance coverages. See how food service insurance help protect against accidents, oversights and lawsuits resulting from business operations. 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. The cost you pay for general liability insurance depends on your coverage limits.

We’re also part of the Berkshire Hathaway Insurance Group, the nation’s largest insurance company in terms of assets. You may know Berkshire Hathaway as the company started by Warren Buffett, one of the world’s wealthiest businesspeople. Mr. Buffett began as a small business owner, and he’s dedicated to providing small businesses with services that can help them grow.

On top of this, we can help customize your policy to meet your business’ specific needs and include protection for valuable papers or records. Businesses in New York are required to have workers’ comp insurance if they have employees. Workers’ compensation insurance helps pay for expenses related to employees becoming injured or ill while working for you. These policies are required everywhere in New York, from Rochester to New York City. Contract bondsprotect the independent contractor from nonpayment on the part of the general contractor, and premiums are paid by the general contractor. Some projects may require independent contractors to carry employee dishonesty bonds, also known as fidelity bonds, to protect the general contractor from theft of monies or documents.

Leave a Reply

Your email address will not be published. Required fields are marked *