Contractors In New York

Owners and contractors protective liability insurance provides coverage for the insured against bodily injury or property damage sustained from work being performed by a designated contractor on their job site. Your commercial lease might require general liability insuranceIf you plan to lease commercial space, your landlord could also insist on seeing your general liability insurance certificate. Coverage is often required because it shows you will have the financial protection needed to cover expenses related to property damage or injuries related to your business at the leased space. General liability is included in most business insurance packages because it covers the risks that many business owners face every day. It is not typically required by law, but some clients and agencies could ask you to have a certificate of New York commercial general liability insurance before they work with you.

It covers injuries and property damage in an accident, along with vehicle theft, vandalism, and weather damage. A BOP bundles business property insurance and general liability coverage in one plan. It’s often the most cost-effective type of commercial insurance for a New York business. The amount of risk that you face in your industry is used to determine your insurance costs.

“”Raynaldo made quick work of things. I told him what I needed, and ultimately I had a certificate of insurance in a matter of hours.””

You’ll also want to be careful about using images, music, and other intellectual property to avoid copyright infringement claims. Though you can’t eliminate every risk, these steps help avoid conflicts that lead to third-party lawsuits. After you share your information, you’ll have instant access to a customized insurance quote for general liability and other recommended coverage. It could give you a competitive advantage if your potential client has a choice between your business and another business that doesn’t have insurance. Many larger clients also require coverage before they’ll sign a contract with you.

The higher your total coverage limit, the higher your small business liability insurance costs. General liability, also known as “commercial liability insurance” is a broad commercial insurance policy that covers general liability exposures of a business. Stork Insurance recommends that all businesses have general liability coverage in place. The New York State Department of Financial Services regulates insurance in the Empire State.

Coverage may be purchased through a private insurance carrier or through the state’s private insurance fund. The state of New York requires every business that has employees, full-time or part-time, to carry workers’ compensation insurance. We offer a friendly, approachable atmosphere that maintains the utmost level of professionalism. Commercial insurance costs are higher for high-risk businesses – those with a large footprint or heavy foot traffic.

It is designed for small to medium-sized businesses and allows for a little bit of savings since the two major coverages are combined on one policy. You will be able to cover a building you do business out of if you have one, your business personal property coverage, and your liability. You will even have the option to add additional insured’s as needed based on any contracts you sign for jobs.

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