Commercial Insurance In New York
Businesses in New York must make sure to update and maintain their commercial insurance policies to avoid regular complications. We at AW Burchell Agency can help business owners better understand the variety of policy options available in this state and ensure that you get the best possible coverage.
All Businesses Need Commercial Insurance
Any business that has employees must carry a multitude of commercial insurance types. For example, workers' compensation and disability policies are a bare minimum as a way of protecting a company's employees. New York requires these policies and dictates their coverage options.
However, commercial insurance policies also protect the company itself from a variety of problems. For example, various types of liability policies ensure that a company doesn't suffer severe financial loss if they are sued by a customer after an injury.
Company Vehicles Must Also Be Insured
New York businesses with company vehicles need to make sure that they buy commercial auto policies. These types of policies must be put in the name of the business and kept up to date. Companies that don't maintain their auto insurance policies may suffer from legal troubles.
Thankfully, some types of policies may bundle all covered vehicles into one lump payment for a business. In this way, a company can cover all of their cars, trucks, and vans without having to pay excessive rates. This coverage will protect against damage caused in accidents, including the vehicle that caused the accident and those that did not.
Insurance Types Vary
Commercial insurance policies come in many different varieties and buying options. These include the following:
- Life Insurance
- Workers' Compensation Insurance
- Property Insurance
- Liability Insurance
- Health Insurance
- Business Interruption Insurance
- Crime Insurance
Companies in New York should carefully look through their commercial insurance policies to ensure that they get all of this coverage without fail. Thankfully, you can contact us at AW Burchell Agency to learn more about this type of coverage and how it helps your business.