Your business is important to you. Not only is it the way that you make your living, but it is also the way that all of your employees make their livings and support their families. People depend on you to keep things running smoothly. Commercial insurance can give you and your employees the peace of mind they need in knowing that, should anything ever happen to the company, both they and the company will be taken care of. If you’re looking for New York commercial insurance, you should be looking into both property and liability insurance.
Commercial Property Insurance
Commercial property insurance is an important part of New York commercial insurance because it is the first line of defense in protecting your company. It covers everything from the actual building and surrounding property of the building to the personal belongings of the company as well as those working there. New York commercial insurance for property covers the risk of any loss to the property on an all risk or specific perils basis. Our office can help you determine which type of property insurance is best fit for your New York commercial insurance needs. Having what is typically referred to as all risk insurance means that your company property will be covered by any unforeseen event except for those listed in your policy. This means that if your policy states that flood damage is not covered and your company building has a flood, you will not be covered. The other type of property insurance available is on a specific perils basis. This type of coverage means that nothing will be covered except for that which is listed in the policy. So, for example, if you chose to have flood coverage, but not fire coverage, and there was a fire in the break room at your office, you would not be covered for any repairs.
Commercial Liability Insurance
A good New York commercial insurance policy should include commercial liability insurance. Commercial liability insurance is issued to any company in order to defend them against liability claims for bodily injury and property damage arising out of grounds, procedures, products and completed jobs. This policy will also cover a company’s advertising and personal injury liability as well. This is the type of insurance policy that you will need if you have a construction company and one of your crew members were on the job. While working they may have inadvertently backed over the client’s mailbox, which now needs to be replaced. Little did you know, the mailbox was an antique and insured for quite a bit of money. How can you possibly find the money to pay for it? Commercial liability insurance. This type of insurance is imperative for any type of company as it provides coverage for even the most unthinkable unforeseen event. Although many people choose not to worry about these types of events until they actually happen, something as silly as knocking over someone’s mailbox could potentially put a business owner out of business. We are confident that we can help you pick the right type of coverage for your business needs.