In addition to business coverage, State Farm offers discounts for policyholders who combine certain types of coverage, though discounts vary based on the types of coverage being bundled. However, if you’re happy with your State Farm business coverage, you could get home and auto coverage from them and save. Every State Farm agency is independently owned, so every agent understands the unique needs of small business owners—they are business owners themselves.
These policies are required everywhere in New York, from Rochester to New York City. Hiscox offers standard liability coverage limits up to $2 million, but higher limits are available upon underwriting approval. Customized solutions are available for 180+ different industries including salons, fitness instructors, consultants, therapists, janitors, and acupuncturists. Though best known for auto and home insurance, State Farm has about 100 products including financial services, banking, and commercial insurance.
You’ll get help paying for expenses after an accident if you’re held responsible for injuring someone or damaging their property. Commercial general liability can also help cover defense costs if you are accused of libel or slander. Anyone who wants to rent commercial property could be required to have coverage as part of their commercial lease.
While small business https://www.bayareacrosswords.org/ protects your company against legitimate losses, it doesn’t protect against damages caused by your negligence or fraud. It also may not cover you if you misrepresent the nature of your business or misclassify your employees in order to reduce premiums. Liquor liability insurance is business coverage that protects your business against loss or damages claimed as a result of a patron of your business becoming intoxicated and injuring himself or others. If your business manufactures, sells, serves or facilitates the use or purchase of alcohol, then your business will likely need this coverage. Liquor liability coverage may be sold as an add-on to a commercial liability policy or as a stand-alone policy.
By combining these coverages into a single policy, business owners are usually able to save money on their total premiums. As a small business owner, you run the risk of a person or another business claiming you, your product or your employees caused them injury or damage and initiating a lawsuit for damages. Without commercial general liability insurance, you would be liable to pay those expenses with your own business or personal assets.
Incidentally, if you already have general liability coverage, we’d be happy to give you a complimentary policy review to ensure that you’re not being overcharged for the coverages included in your existing policy. No matter what your business is, if you’re in New York, you’ll benefit from being insured. If a non-employee slips and falls due to a workplace hazard or you accidentally damage a client’s property while working in their home, the last thing you need is to pay out-of-pocket for damages. Property damage – If you get into an accident in which you are at fault, your auto policy’s Property Damage Liability coverage insures the cost to repair or replace the other party’s vehicle. Business Owners, General Liability, Professional Liability and Workers’ Compensation policies are underwritten by insurers that are affiliated with Progressive and with unaffiliated insurers. Progressive Advantage Agency, Inc. attempts to quote each applicant contacting us for a quote with at least one of these insurers.
Although the parent company Hiscox Group is based in Bermuda, the U.S. corporate headquarters is in Atlanta, Georgia and operates in nine offices across the country. Hiscox does business in 14 countries and all 50 states, plus the District of Columbia, although it’s small business insurance is not available in Alaska. After you share your information, you’ll have instant access to a customized insurance quote for general liability and other recommended coverage. Several factors influence the price you’ll pay for coverage, including your industry, the size of your business and how much coverage you want to purchase.
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. While general contractors are not required to carry workers compensation, they can be liable for claims filed by employees and would be wise to require sub-contractors to provide valid proof of workers compensation insurance.
Children and PetsDiscover what New York commercial insurance policies cover for children and pet related businesses. Personal injury protection – Personal Injury Protection covers 80 percent of all necessary and reasonable medical expenses up to $50,000 resulting from a covered injury, no matter who caused the crash. We’ve been providing this coverage to businesses in New York for years. It’s our goal to help you better protect your business and employees. Adaptable – We can help you secure coverage at any stage of your business’s development with the flexibility to adjust your policy as your business changes.
Coverage is dependent on actual facts and circumstances giving rise to a claim. Next Insurance, Inc. and/or its affiliates is an insurance agency licensed to sell certain insurance products and may receive compensation from insurance companies for such sales. Policy obligations are the sole responsibility of the issuing insurance company.