We’re laser-focused on delivering super quick insurance quotes with bottom dollar prices. We take a lot of pride in helping small business owners buy better business insurance with less headaches, and lower rates. We offer lower cost GL programs for over a hundred types of businesses in New York. New York businesses that provide professional services, such as consultation or accounting, should consider this coverage.
Commercial Liability New York 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. This type of business liability insurance is important for all New York businesses.
This wage continuation starts after the seventh day of off-the-job illness or injury and continues for up to six months. The Empire State is where you want to be if you want to start a new venture in one of the world’s business capitals. But to ensure everything goes smoothly with your undertaking, you’ll want to be doubly sure you’re meeting all the state’s insurance requirements. Our exclusive focus on business insurance has enabled us to streamline the quoting and binding process, making it more efficient for our NY business customers. Once you start a quote with General Liability Shop.com, one of our Specialists will walk you through the entire process from start to finish.
Our agents will work with you to find protection that meets both your needs and budget. Convenience – There’s several ways to get a quote whether you need a single New York policy or a combination of coverages. Simply start a quote online or call us to speak directly with a licensed agent. Other business insurance like general liability and a BOP aren’t required by law, but you’ll likely need them before entering a contract with a client or landlord. Legal Defense and Judgments– costs to defend against real and frivolous suits and judgments up to the limit of your coverage.
Traditional Carriers include Chubb, Zurich, Hartford, Travelers, Liberty Mutual, etc. They determine these appointments based on the volume and profitability of business that the Broker can produce. To summarize, New York Contractors are paying way too much in General Liability premiums because of an outdated law. With construction firms being held responsible regardless of employee negligence; it is a struggle to remain profitable.
Certain Rochester, New York businesses face more risk of accidents or injuries, so doing an analysis of your business can help in finding the best General Liability plan that fits your needs. We work for you, not the insurance companies, so it’s mutually beneficial to allow us to do the legwork for you. We’ll shop around for the policies that offer the greatest value for your money. This excellent coverage includes basic form, plus broad form coverage .
Note this generally does not include punitive damages for negligence or willful misconduct. It is important you request a “sample policy specimen” and have your Broker confirm in writing that it has all of the coverages you are required to carry before you bind coverage. Back in May of 1885, the state passed New York Labor Law 240, this was done at the time to protect workers from injuries while working on the skyscrapers of the day. At the time this was a valid thought process and valuable protection for the workers in the construction industry. Contractors in New York often complain about the ridiculous premiums they pay.
New York requires that anyone who employs at least one person, whether full or part time, carry workers compensation insurance. Sole proprietors, partners, and one/two person corporate officers with no employees are not required to carry workers compensation. Unlike workers compensation insurance and commercial auto insurance general liability is not required. You could buy a stand-alone policy or combine general liability insurance with property insurance. The New York State Department of Financial Services regulates insurance in the Empire State. Organizations that employ a staff of part-time or full-time workers that are either hourly or salaried are required to carry workers’ compensation insurance.
The Empire State boasts one of the largest economies not just in America, but the entire world. If you’re serious about starting your business in New York, take some time to consider what kinds of insurance coverage you’ll need. Being covered means you can focus on growing your company without worrying about expensive insurance claims. Unpaid volunteers and most subcontractors are considered employees and could be required to be covered by a workers’ comp policy, according to the New York State Workers’ Compensation Board.
Learn more atthe best workers comp insurance companies in New York. Many insurance companies have bundled property and liability coverage into what is commonly called a business owner’s policy , or a package policy. Since no two businesses are the same, property insurance can be tailored to fit your needs. We only share customer information with our insurance carriers to place business liability coverage. Visit the Department of Labor or search Standard Industrial Classification Codes for information about general liability insurance. There is a vast amount of insurance companies that do business in New York, so between that and the fact that each business is different, the cost of insurance will vary widely