Types Of Important NY Business Insurance

policy forms depending on if you own the premises, are renting or run your business out of your home.  Property and Casualty will insurance building, business property, liability and loss of income for a covered loss.  Review contract options with your agent to obtain the most comprehensive plan.

Worker’s Compensation Insurance

If you employ two or more individuals, you are required to carry worker’s compensation insurance for injuries occurring to employees during work hours.  Payouts will be made to employees regardless of fault and in exchange for this payout the employee waives their right to sue the employer for negligence.  

Commercial Auto Insurance

If you own automobiles and trucks used in the course of business, you will need to carry a commercial auto policy.  Because liability exposures are far more complex when operating a commercial vehicle, these policies are specialized and customized to provide the types of your coverage your business will need.  Keep in mind a private passenger policy will exclude many incidents when involved in the course of doing business.

These are just four of the many types of NY business insurance available to provide you with protection against losses and lawsuits.  It is recommended to consult a commercial broker to receive the best quotes and package options when binding coverage.

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