All content and materials are for general informational purposes only. Complete Insureon’s online application and contact one of our licensed insurance professionals to obtain advice for your specific business insurance needs. New York’s Scaffold Law has not only driven insurance rates sharply higher, it also makes it more difficult to obtain adequate insurance due to the growing number and rising costs of claims. Getting the right coverage can be a key component of a successful project. If your business operates in NYC especially the Bronx it gets even worse. These biased courts cost the New York liability insurance company and your construction firm even more than the rest of New York.
To help permittees comply with insurance requirements, the Department created the Project-Specific General Liability Insurance Tool tool to calculate how much an insurance a construction site needs. “”We needed quotes fast and coverage even faster. We received both. We appreciate your service. THANK YOU.”” Trucking companies may need additional coverage to comply with regulations. Bottom line getting the right coverage for your general contracting business is essential. To summarize, New York Contractors are paying way too much in General Liability premiums because of an outdated law.
See how food service insurance help protect against accidents, oversights and lawsuits resulting from business operations. Commercial PropertyRead up on New York commercial property insurance, including how business property insurance protects your company’s building’s and/or their contents from damage, destruction, theft and vandalism. If you provide professional services and your advice is alleged to have led to one of your clients suffering a financial loss, professional liability insurance can help. As a small business owner, there are certain bases you need to have covered before you can safely operate. In this guide, you’ll learn about the types of insurance you’re required to have, and some other coverage options to help you protect your business from potentially expensive claims.
This wage continuation starts after the seventh day of off-the-job illness or injury and continues for up to six months. General Liability Insure does not warrant or make any representations regarding the usefulness of or the expected results of the material contained on this website. You should contact your attorney, accountant and/or financial adviser to obtain advice with respect to any particular commercial insurance question, claim or issue. Some clients might also need you to agree to a certain level of general liability before you can provide goods or services to them. With NY general liability insurance, such issues are adequately handled.
GL coverage is designed to protect NY business owners from direct or indirect damages to another party. Your liability insurance helps pay for those damages caused by the actions of your business, or your employees. New York general liability coverage pays for property damage and personal injuries involving customers, visitors and sub-contractors.
The state of New York requires all businesses with employees to carry workers’ compensation. Coverage may be purchased through a private insurance carrier or through the state’s private insurance fund. Shop for commercial insurance through The Progressive Advantage® Business Program.
Under some circumstances, officers and directors of a corporation may become personally liable for their actions on behalf of the company. If you are thinking about starting up a business in NY, it’s important for you to have an understanding of the status of the state, regarding its economy. It’s also important to know about the insurance requirements for business owners in the Empire state. Children and PetsDiscover what New York commercial insurance policies cover for children and pet related businesses.
It’s also recommended for anyone with a home-based business whose assets aren’t completely covered by homeowners insurance. Builders’ Risk – As a contractor, you may be in the business of renovating a property. Commercial Property insurance only covers a structure that is not being renovated. Once the renovations start, that can open up a huge gap in coverage unless you have Builders’ Risk insurance. This coverage will pay for damages to the property that is being renovated while construction is in progress.
Our agents can assist you in considering all aspects of your General Liability insurance package to give you the most appropriate policy available. We will help you customize a specific plan that works for businesses in Rochester New York area. Professional liability insuranceisn’t, in general, required in New York, except malpractice insurance for doctors.