General Liability Business, Commercial Insurance In Buffalo New York

The company offers other types of business insurance including commercial auto, cyber liability, surety bonds, and workers’ comp, although prices vary by industry. It also protects assets from unforeseen environmental exposures that could have substantial impact on earnings. In addition, it protects against unforeseen pollution hazards that may lead to bodily injury, property damage or pollution clean-up costs. Worker’s compensation insurance covers workers against a job-related accident or disease. This statutory insurance pays for medical bills, disability income benefits, and death benefits to dependents of an employee whose death is job related. Rates are based on payroll, and depend heavily on your industry, i.e., rates for clerical payroll are nominal, while a roofing company will be charged much more.

This policy may also cover rental cars when you travel on business. Business interruption insurance can provide sufficient funds to pay your fixed expenses and lost business income during a period of time when your business is not operational. Business income means the net income that would have been earned or incurred, as well as continuing normal operating expenses incurred, including payroll. Extra expense coverage will reimburse you for covered expenses while temporarily relocated at another premise during your reconstruction due to a covered loss. If you provide professional services and your advice is alleged to have led to one of your clients suffering a financial loss, professional New York general liability insurance insurance can help.

Progressive Advantage Agency, Inc. attempts to quote each applicant contacting us for a quote with at least one of these insurers. Certain Progressive companies may be compensated as licensed agencies for performing services on behalf of these insurers. The information provided on this website does not constitute insurance advice. All content and materials are for general informational purposes only. Complete Insureon’s online application and contact one of our licensed insurance professionals to obtain advice for your specific business insurance needs.

PROFESSIONAL LIABILITYis incurred by a professional such as a physician, nurse, attorney, or architect for negligent acts occurring as professional, services are performed. Consider increasing your deductible to reduce your premium, and spend the savings by increasing your coverage. Learn the difference between replacement cost, actual cash value, agreed amount and functional replacement cost. Experience the total flexibility of your policy anywhere, anytime, in an instant.

Hiscox does business in 14 countries and all 50 states, plus the District of Columbia, although it’s small business insurance is not available in Alaska. Inland Marine – Chances are, you have a ton of equipment that you own to use for your business, as well as temporary pieces you may rent or lease. The equipment will be insured on an Inland Marine policy or Equipment Floater. Sometimes this can be added to a Commercial Property, BOP, or Commercial Package policy, but other times it may be a separate policy.