We’re often less expensive and easier to do business with than other insurance companies. We’re also part of the Berkshire Hathaway Insurance Group, the nation’s largest insurance company in terms of assets. You may know Berkshire Hathaway as the company started by Warren Buffett, one of the world’s wealthiest businesspeople. Mr. Buffett began as a small business owner, and he’s dedicated to providing small businesses with services that can help them grow.
So maybe you are wondering how are you 100% responsible for a worker’s gravity related injury? For example, if you provide all the safety equipment possible, but your worker has an accident you are still 100% liable thanks to this law. While you continue to cry over your latest insurance bill let me explain why you are paying so much just for New York general liability insurance Contractors in New York often complain about the ridiculous premiums they pay.
General liability, also known as “commercial liability insurance” is a broad commercial insurance policy that covers general liability exposures of a business. Falcone Agency recommends that all businesses have general liability coverage in place. Also known asbusiness liability insurance, general liability insurance protects you and your business from “general” claims involving bodily injuries and property damage. Taken at face value, a general liability insurance policy for your construction company sounds like it would protect against any accidents and injuries on company premises and customer property.
Many people who work in small business insurance say if you can only afford one type of insurance, you should get a general liability policy. It makes sense, because you don’t even need to have done anything wrong for someone to sue you these days. If a customer comes into your brick-and-mortar store and slips and falls, general liability insurance will cover you. This is why you’re usually required to have it if rent a space for your business. Some customers won’t even work with a business that doesn’t have general liability insurance.
A change on the insurance policy to a name different from the name on your registration may cause a lapse in insurance coverage, and DMV may suspend your driver license and your vehicle registration. Your vehicle’s insurance and registration must always be in exactly the same name. You should always carry the paper or access to your digital electronic NY State Insurance ID Card in your vehicle.
We’re an independent agency representing more than 35 national and regional commercial insurance companies. Most of our partners are actively quoting NY business liability insurance. We make our insurance companies compete for your insurance business.
General liability is the most common commercial coverage and almost every New York business should consider it. It protects against third-party bodily injury and property damage, as well as personal and advertising injury. Though it’s not required, personal vehicles driven for work purposes should be covered by hired and non-owned auto insurance , as personal auto policies usually exclude business use. It can be added to commercial general liability insurance or a business owner’s policy . General liability insurance policies typically cover you and your company for claims involving bodily injuries and property damage resulting from your products, services or operations.