Business Insurance NY Tips

There is no way that I could cover every type of insurance available to you in New York, however, I can touch on the most popular must have coverage that you should be aware of.

*Workers Compensation
-Business Insurance NY Workers Compensation is required by law. This type of insurance protects the employee as well as the business owner in case the worker is injured while working. If you fail to abide by this law, you could be fined 0 for every 10 days that you have a worker without coverage.

*Disability
-Disability is required by law, and pays the worker in the event that they are sick or injured, or simply cannot work. In New York, disability pays 50% of the workers average weekly income up to 0. Most insurance companies will pay up to 26 weeks.

*Liability
-Liability insurance is meant to protect the customer in the event that a customer should slip and fall. If you are renting or leasing a commercial property in most cases, it will be a requirement in order lease the property. The cost and variations of this type of insurance depends on the type of business and in some cases the square footage of your commercial property.

*Fire Insurance
-In most instances fire insurance will be included with liability insurance. This type of coverage also varies widely depending on what type of equipment and inventory you have as well as the type of business you have.

*Burglary and Theft Insurance