Even for the same policy coverage and the same company, different carriers will have different prices. On average, a general liability insurance policy costs in the range of $250 to $1,500 a year in New York. In New York, every business with employees is required to carry workers’ compensation insurance. Even if you only have one employee, you’re still required to carry workers’ comp. You can receive substantial fines and criminal penalties if you’re caught doing business with employees in New York without a workers’ comp policy. In a retail business, you need to have the right type of commercial New York general liability coverage so that your store, employees, and inventory are protected.
It is usually the first policy that any business purchases, but contractors often buy it when a contract requires it. Usually, if you are subcontracting for a General Contractor, they will require you to have General Liability insurance. While this is a great reason to have it, you really should have it the moment you go into business. Because of the vast array of things that can happen to cause you financial harm, not having General Liability insurance can be devastating to your business, and ultimately your life. New York Specific Commercial Insurance ArticlesRead informative articles on NY commercial insurance including costs and coverages. Whether you are a new business, office, restaurant or you’re in a tough industry like contractors and trucking, we have insurance partners willing to write your GL insurance coverage.
Even if it is just on social media, you could unknowingly cause damages to another business by what you post. Your competitors may be watching and if they feel that something you posted resulted in financial damages to them, like loss of business, they can sue you for that in addition to libel, slander, and defamation. We have auto, home, and boat insurance through Delmonico and they are always very responsive to any question we have about our policy….
It protects against third-party bodily injury and property damage, as well as personal and advertising injury. General liability, also known as “commercial liability insurance” is a broad commercial insurance policy that covers general liability exposures of a business. Skene Valley Insurance recommends that all businesses have general liability coverage in place. 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. Coverage is dependent on actual facts and circumstances giving rise to a claim.
Are you a business owner in Skaneateles looking for General Liability Insurance? It only takes one claim to financially cripple your business, so it’s important that you have adequate coverage from a highly rated carrier. Manufacturers face many unique risks such as product liability and/or product recall exposures due to the nature of their business operations. 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.