Owning a business comes with a lot of risk. The chances of a business failing within the first ten years are extremely high. One way you can help mitigate the risks is to have the right commercial insurance. At Bryan Insurance Agency LLC in New Windsor, NY, we are an independent insurance agency that works for you to ensure you get the coverage you need for your particular business.
Commercial property insurance is different from home property insurance. It combines the physical property itself and its contents, the things you use to do business. For a plumber, it might be tools, parts, and pipes. For a store, there can be inventory, registers, display units, etc. To return to operation, you need to have these things replaced quickly. This is the same for those who own the building and those who rent.
Being sued is one of the dangers that every business faces. Having liability protection can help your business to survive legal action against you.
Business interruption insurance
Business interruption insurance can help your business if it is hit by a hazard covered by your policy. Your bills don’t stop just because no income is coming in. This can be the insurance that saves your business and allows you to be in good financial condition when you reopen.
Workers compensation insurance
Just about every employee in the state of New York must be covered by workers’ compensation insurance. This includes full and part-time employees, seasonal or temporary employees, and family members. There are some exceptions. Talk to your insurance agent about whether you need this coverage.
Call the Bryan Insurance Agency LLC in New Windsor, NY to discuss what types of commercial insurance can decrease your risk.