Commercial Liability Insurance is not mandatory for businesses operating in New York. If you own property or other valuable assets you would be wise to invest in sufficient commercial general liability coverage for your business to limit your risk exposure. A BOP bundles business property insurance and general liability coverage in one plan.
We return business New York liability insurance quotes quickly with more efficient technology, highly trained insurance Specialists and dedicated underwriters servicing our agency. Small business insurance costs vary widely based on industry, location, and coverage types. However, business owners who own facilities or equipment, have employees, or give professional advice should all expect to pay more each year in order to protect against their specific risks. Costs can also be higher for business owners who choose higher coverage limits, lower deductibles, additional coverages, or extra endorsements. In SEI’s experience, labor law is the most overlooked aspect in construction insurance policies and arguably the most important to an employer’s business.
Most BOPs include commercial general liability and property coverage, as well as small amounts of coverage for endorsements such as inland marine or umbrella coverage. By combining these coverages into a single policy, business owners are usually able to save money on their total premiums. It also protects assets from unforeseen environmental exposures that could have substantial impact on earnings. In addition, it protects against unforeseen pollution hazards that may lead to bodily injury, property damage or pollution clean-up costs.
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. We work for you, not the insurance companies, so it’s mutually beneficial to allow us to do the legwork for you. We’ll shop around for the policies that offer the greatest value for your money.
It may seem obvious that a vehicle owned by your business should be insured for both liability and physical damage. What is less obvious is that you may also need special insurance, called non-owned automobile coverage, if you or your employees use your personal vehicles on company business. This policy covers the business’s liability for any damage that may result from such usage.
Real EstateLearn about New York real estate insurance coverages including liability and commercial property policies for realtors, mortgage companies and more. There are many different plans and options when choosing a General Liability plan, and our experienced agents at The Cesar Group, Inc can assist you in finding the right plan at the right budget. If you have the right liability insurance plan in place, you can be protected if you face a lawsuit. Certain Buffalo, New York businesses face more risk of accidents or injuries, so doing an analysis of your business can help in finding the best General Liability plan that fits your needs.
Shop around for the best value.Get quotes from a few companies or compare the multiple quotes generated by a service like CoverWallet. There are currently road test cancellations or DMV offices closed for in-person services. See our “Cancellations, Closings and Delays” page for more information. If you have feedback, or have a question about a small business issue or small business insurance email ourSmall Business mailbox.
Injuries to others might be avoided by installing lights where needed, keeping walkways and steps in good repair, posting signs in hazardous areas, and eliminating other hazards whenever possible. Agents are licensed representatives of insurance companies who are responsible for marketing its products. Ten years ago, this coverage was virtually non-existent, but now it is widely available. You are protected if any employee sues your company for wrongful termination, job discrimination or any of the other increasingly popular claims alleging failures in your employment practices. Property damage – If you get into an accident in which you are at fault, your auto policy’s Property Damage Liability coverage insures the cost to repair or replace the other party’s vehicle.
For example a roofer working on a roof faces much higher risks than an accountant sitting in an office behind a desk. Bodily Injury – Have you ever had a customer come on a job site that you are working on? Do you have an office in which any person at all, customer or postman, visits?