This policy covers the business’s liability for any damage that may result from such usage. Do you realize that if you send an employee out to pick up pizza for the crew and he/she gets in an auto accident, your business could get sued even if the vehicle is not company owned? We only share customer information with our New York general liability insurance carriers to place business liability coverage.
A small business is defined as having fewer than 100 employees and can include anything from coffee shops to IT services. If a customer comes into your brick-and-mortar store and slips and falls, general liability insurance will cover you. This is why you’re usually required to have it if rent a space for your business. Some customers won’t even work with a business that doesn’t have general liability insurance.
We make our insurance companies compete for your insurance business. They know we want lower rates and bigger discounts for our customers. General liability is the most common commercial coverage and almost every New York business should consider it. It protects against third-party bodily injury and property damage, as well as personal and advertising injury. Workers’ comp covers medical bills for work-related injuries and illness.
It protects against claims of professional negligence, both actual or alleged, and helps pay for defense costs. 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. New York state law requires every business that has employees, full-time or part-time, to carry workers’ compensation. It also protects sole proprietors from work injury costs that health insurance might deny.
We’ve already helped thousands of companies quote and purchase business liability coverage, making us your #1 choice for commercial general liability insurance quotes. We’re an independent agency representing more than 35 national and regional commercial insurance companies. Most of our partners are actively quoting NY business liability insurance.
It also provides disability benefits to injured workers, and protects New York business owners from liability over an injury. This type of business liability insurance is important for all New York businesses. A general liability policy covers common third-party risks and is required for most commercial leases. Our knowledge of New York state labor laws, specifically pertaining to construction, gives business owners peace of mind as well as cost savings and a leg up on the competition. We offer a thorough review of all your subcontractors’ ACORD certificates and sub agreement contracts to make sure you are covered adequately. The cost of general liability insurance in New York varies depending on several factors mentioned above.
It makes sense, because you don’t even need to have done anything wrong for someone to sue you these days. For malicious acts or any crimes you commit, well, there’s no insurance policy for that. General liability insurance is not required in New York, unless you’re a contractor. However, there are good reasons to consider getting general liability insurance to protect yourself and your small business. Under some circumstances, officers and directors of a corporation may become personally liable for their actions on behalf of the company. Children and PetsDiscover what New York commercial insurance policies cover for children and pet related businesses.