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CGL Insurance for Less than $60 per Month

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. The cost of Commercial General Liability insurance varies mainly according to the nature of the business in question. A construction company, for example, is more likely to damage someone’s property than an accounting firm. Policy limits also affect the premiums, but on average, most small business owners can get CGL insurance for less than $60 per month. Thimble is a great solution for both general liability insurance and professional liability coverage https://www.bayareacrosswords.org/ 

In this guide, you’ll learn about the types of insurance you’re required to have, and some other coverage options to help you protect your business from potentially expensive claims. Commercial auto insurancehelps pay the costs of a car accident if you or your employee is in a collision while driving a covered vehicle for work. For instance, if your employee hits a pedestrian while driving, this coverage can help pay for the pedestrian’s medical bills. This type of business liability insurance is important for all New York businesses.

If you rent property, your landlord will probably require you to have some general liability insurance, but anyone who deals with the public should also have it. The New York State Department of Financial Services regulates insurance in the Empire State. Organizations that employ a staff of part-time or full-time workers that are either hourly or salaried are required to carry workers’ compensation insurance. This type of insurance is required, no matter what size your staff is; even if it only consists of one W2 salaried person. You must also carry NY commercial auto insurance if you are using a vehicle to conduct any business affairs.

General Liability insurance coverage can protect your New York business from these unexpected expenses. There are more than 450,000 small businesses in New York state, which make up over $950 million dollars in revenue. A small business is defined as having fewer than 100 employees and can include anything from coffee shops to IT services. If you are thinking about starting up a business in NY, it’s important for you to have an understanding of the status of the state, regarding its economy. It’s also important to know about the insurance requirements for business owners in the Empire state.

At NEXT, we don’t charge a deductible for our general liability insurance policies, so you won’t need to worry about it. The amount of risk that you face in your industry is used to determine your insurance costs. If your business is in an industry that is more prone to accidents and injuries, than you will typically pay more for insurance. It lets you run a legal businessSome states and cities will only give you a business permit if you have active general liability insurance and a certificate of insurance.

Local, State And Federal GovernmentDiscover what types of commercial insurance government entities in New York need. In addition to the above, Specialty General Liability coverage is available for certain types of businesses. Our mission is to help businesses in NYC manage the costs of Insurance. The New York City Business Group has addressed the insurance needs of businesses and individuals in the Staten Island NY, Brooklyn NY, New York NY, Queens NY, Nassau and Bronx NY for over 10 years. Bodily Injury– physical damage to a person other than an employee at your place of business and injuries caused by you or an employee at a client’s home or work place.

Employment Practices Liability Insurance for employers covers employment-related liabilities other than on-the-job injuries. If you have employees, Apple Insurance Agency recommends considering this type of coverage. Errors & Omissions (E&O) covers professionals for negligence and errors or omissions that injure their clients or cause damage to a third party’s data. Apple Insurance Agency recommends that all professional and technology companies have E&O coverage. As a business owner, every transaction you complete represents both a profit and a risk. Have you fully protected your business from the impact that a customer lawsuit can have?

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