There are some kinds of commercial insurance required by law in New York, while others are important for protection but not legally required. The best protection for your small business in Albany, NY will probably be a combination of the required insurance and any additional protection that will make sure your business has the coverage it needs. NY Twin Bridges Insurance Agency can help you look at the different risk factors your business is facing and search for the best coverage while still getting great rates.
If your business has employees, you will need to have workers’ compensation coverage to protect them in case they suffer an illness or injury related to work. Even one employee gets that protection under the law.
Does your business use automobiles? Your personal auto insurance won’t cover any accidents that occur while the vehicle is being used for business, so you are required to carry commercial auto insurance in case anything happens.
General liability insurance isn’t required but is considered by many to be the most crucial protection your business needs. If someone is injured on your property, one lawsuit could cause serious financial harm to your business. Property insurance is another necessary protection that will cover damages to not only the physical building but your office furniture, supplies, equipment, and many other losses.
Anyone offering professional services should consider professional liability insurance, which can protect you if a client suffers taking your professional advice.
At NY Twin Bridges Insurance Agency, we want to make sure you are comfortable with your policy, and we tailor each policy to suit the needs of the client. Every business has different needs, and it wouldn’t make sense to sell the same policy to businesses that have different needs. If you think you need more protection, or if you just have questions, please call us today.