For malicious acts or any crimes you commit, well, there’s no insurance policy for that. While the above insurance policies are a good place to start with protecting your business, they are not the only ones you may need. To make sure your business continues to turn a profit, you must have a comprehensive New York commercial general liability insurance program that covers all the bases and hopefully leaves you with no gaps in coverage. Bodily Injury – Have you ever had a customer come on a job site that you are working on? Do you have an office in which any person at all, customer or postman, visits? Regardless of whether you are on your premises or at a job site you are liable for any bodily injury that may occur to another person.

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. This form of insurance provides you with protection against liability risks such as products-completed operations, premises and operations, and indirect/contingent liability. In today’s litigious society, it is a mistake to forgo this vital form of security. 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.

General liability insurance is designed to protect you from the expenses from some of the most common lawsuits that arise from doing business. 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. General liability insurance, also known as commercial general liability , covers the risks that affect almost every business, no matter what your industry.

CoverWallet has a team of advisors standing by to work through all of this overwhelming information with you. As a contractor in a very populated state like New York, it is imperative to your business and peace of mind that you have an excellent insurance package in place. Property Damage – Damage to your clients’ property or any other property during your work is something that you will be responsible for.

Your general liability policy provides financial protection if you are held responsible for some of the most common accidents that can occur at a business, such as a customer injury or damages to someone’s property. It also provides coverage if you are forced to defend an accusation of libel or slander. If you decide to buy a general liability insurance policy through them, you can get the certificate of insurance digitally and immediately.

Sometimes this can be added to a Commercial Property, BOP, or Commercial Package policy, but other times it may be a separate policy. It will depend on your circumstances and an experienced insurance agent can help to determine what is right for you. Advertising Liability – Do you advertise for your contracting business at all? Even if it is just on social media, you could unknowingly cause damages to another business by what you post.

They include the business type, location of your business, the total number of employees in your business, as well as the risk level your business is exposed to. For example a roofer working on a roof faces much higher risks than an accountant sitting in an office behind a desk. We work for you, not the insurance companies, so it’s mutually beneficial to allow us to do the legwork for you. We’ll shop around for the policies that offer the greatest value for your money. 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.

Mental injuries and emotional distress can be considered bodily injuries, even in the absence of physical bodily harm. A technology business package will provide you with specialized tech-specific coverage for broad property and general liability coverage. Options to include specialized tech coverage include commercial auto, workers compensation, and technology professional errors and omissions. While the law may not state it, there’s a good chance you need to carry other business insurance policies in addition to workers’ comp. Many contracts require a general liability policy and/or a professional liability policy. Even if your customers, clients, or partners don’t require you to carry specific policies, it’s recommended that you carry policies to cover any part of your business that could be at risk.