Your personal auto insurance company will refuse the claims if they learn that you use the vehicle for business purposes. Learn morethe differences between commercial auto vs. personal auto insurance and why small businesses need commercial auto insuranceandthe best commercial auto insurance companies in New York. General Liability Shop.com has already helped hundreds of business owners in New York find the most affordable quotes for their business liability insurance coverages. We’re a national commercial insurance agency appointed to represent more than 35 insurance carriers throughout the U.S.
Your New York general liability Identification Cards and the electronic notice of insurance together verify your insurance coverage. Assume some risk via higher deductibles, eliminate collision coverage on lower value vehicles, etc. The Empire State is where you want to be if you want to start a new venture in one of the world’s business capitals. But to ensure everything goes smoothly with your undertaking, you’ll want to be doubly sure you’re meeting all the state’s insurance requirements. Our exclusive focus on business insurance has enabled us to streamline the quoting and binding process, making it more efficient for our NY business customers.
Lodging PlacesFind out what types of business insurance that New York hotels, motels and other lodging places should have to protect their varied operations. BondsLearn about surety and fidelity bonds which are types of insurance that are used to protect against damage or loss in commercial transactions. Personal injury protection – Personal Injury Protection covers 80 percent of all necessary and reasonable medical expenses up to $50,000 resulting from a covered injury, no matter who caused the crash. The following page outlines the new insurance requirements; the table Use these tables to determine the amount of liability insurance the project must have. Business Owners, General Liability, Professional Liability and Workers’ Compensation policies are underwritten by insurers that are affiliated with Progressive and with unaffiliated insurers.
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. The consultant is paid by the buyer, based on a contract or agreement. The Department of Financial Services recognizes that small businesses are the backbone of our economy.
To make sure your business continues to turn a profit, you must have a comprehensive insurance program that covers all the bases and hopefully leaves you with no gaps in coverage. Some jobs that you do will also require you to have Professional Liability insurance. If you do any consulting or are providing any plans or advice, this is a great insurance policy to have.
Leave your email so that your quotes will be sent directly to your inbox. It is undeniable that the situation with the Coronavirus (COVID-19) continues. As a corporate citizen and a trusted steward for our clients, we continue to execute on our business contingency plans. We have been and are taking proactive measures focused on the well being of our staff and on delivering on our promise to be there for our clients – especially at times like this when you need us most.
They also require death liability coverage of $50,000 per person or $100,000 per accident. Some personal auto policies will exclude coverage for business use, so be sure to check with your auto insurance. Workers’ comp is legally required insurance coverage for any New York business that has one or more employees. New York state law requires that all businesses in New York carry workers’ compensation insurance as part of their business insurance package.
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. Even if your customers, clients, or partners don’t require you to carry specific policies, it’s recommended that you carry policies to cover any part of your business that could be at risk. Financially protecting your company is one of the smartest business decisions you can make. Professional liability insurance covers lawsuits costs and fees and settlements related to mistakes or negligence you or your employees make while doing your work.
Visit the Department of Labor or search Standard Industrial Classification Codes for information about general liability insurance. If your company owns or leases vehicles, this policy protects the vehicles and drivers from any damage incurred during the course of business. Our commercial auto insurance policies are offered through a Berkshire Hathaway subsidiary. Worker’s compensation insurance covers workers against a job-related accident or disease. This statutory insurance pays for medical bills, disability income benefits, and death benefits to dependents of an employee whose death is job related.