If you are preparing to launch a new company in Selden, New York, one of your first orders of business should be to make sure that you have adequate insurance protection. There is no point in spending time, effort and cash on a new business, only to lose everything because you lack a business owner’s policy.
Business owners typically have a variety of assets to protect. One component of your policy will be business property insurance. This serves to protect all the property that you rent, lease or own, such as the buildings, fixtures, equipment, furniture and any inventory that you keep on hand.
If your company uses computers, the business property coverage protects you if equipment or the media upon which you store data is damaged. Losing your billing records because of a computer system disaster is something for which all business owners will want to seek protection.
Another benefit of a business owner’s policy is protection against loss of income caused by unforeseen events that threaten to force your company to cease operations and lose cash flow. Ask an independent agent how you can make sure that your coverage will enable you to continue meeting payroll, pay rent on the property and fulfill any other outstanding obligations during the shutdown.
You will also want to investigate business liability coverage. Obtain this coverage to protect your company against any unfortunate events in which the company damages someone’s property or injures a person. The costs for your legal protection in such circumstances are also covered by the policy.
Your insurance company will also assist you when you have claims during natural disasters that threaten your business and livelihood. Taking time to arrange for coverage with a proper business owner’s policy as you begin to launch your business may be the best thing you can do to succeed and prosper during the coming years.
In a nutshell a general liability policy for a business housed in New York will cover products liability, if an employee causes an injury or harm at your business or off property at another business, personal injury stemming from damage to a person or business through ad damage, reputation or fringing on the rights of others or another business, copyrights, wrongful eviction, invasion of property.
It covers any damages caused by independent contractors the business may have hired. The policy will cover any injured person on your property, and pay for all their medical costs. This policy will compensate for financial damages, pain and suffering, mental anguish and much more. It covers for wrongful acts.
There are items that this general liability policy will not cover such as, injuries to employees, that occurred while they were on the job is covered by a Workers Compensation policy.
All businesses should have a Business Auto Policy that will cover employees who have injuries stemming from the operation of trucks and automobiles for the business. Every business should have an environmental insurance policy that will protect employees against environmental toxins.
A Directors and Officers policy will cover employees against a decision that the director has made that caused some sort of injury. Every business should have in place a policy to protect the business from employees who fail to perform or not perform certain professional jobs.
The business should have an endorsement that protects the public against any of their products that are on a recall notice. And lastly, a policy that covers damage to the property of others that the business is caring for, or has custody of.
In conclusion all business should have a general liability policy in place that will cover the majority of insurance issues, yet it can protect every aspect of the business as the above amendments, as appropriate need to be applied to protect the business completely. Your independent agent in Selden or Mastic NY, will help sort out the essentials of the business insurance policy.
Everyone who resides anywhere in New York, whether it is Brooklyn, Selden or Mastic, NY, should have some sort of umbrella insurance coverage. Your independent agent can help sort through what extra coverage they should add to their automobile and homeowner’s insurance policies.
Umbrellas keep one from having to pay surprising amounts of money because their ‘comprehensive or full policy’ did not cover what they thought that it would. Umbrellas protect the resident of New York more fully. Umbrellas go beyond what a full insurance policy would go. Liabilities are very prevalent in the State of New York due to the amount of drivers on the roads and the unpredictable weather. Just when one thinks they have all bases covered with their automobile policies or homeowner’s insurance policy, they find out when a catastrophic event happens they are not covered. When a full coverage policy has run its course, the umbrella will continue to keep one safe and protected.
Umbrella policies will offer additional coverage’s and will hone in on items that are not included in a regular insurance full coverage policy. When a driver or homeowner exceeds their amount of liability as stated within their insurance policy an umbrella will take over.
Many feel that they have already paid too much for insurance policies, but f drivers and homeowners do not have all bases covered it could ruin them financially. It would take only one lawsuit to lose all assets either because of an automobile accident or weather related incident with the home. It is always good to be safe and go the extra mile with auto and home insurance. Umbrella policies in addition to full coverage policies are low enough in rates, and will continue to provide needed protection to where the person will have no worries should a catastrophic event take place in their home or car.
If you live in Selden or Mastic, NY, or surrounding areas call your independent agent today to see if an umbrella coverage is right for you, and don’t take chances with your financial future.
Whether you live in Selden, New York, or any of the surrounding areas, auto insurance is something that weighs heavily on your mind. You want to make the right decision when you choose insurance and because of that you likely shop around to find quotes on the best rates. However, there is one thing you may not immediately think about when comparing insurance prices. That is whether the make and model of your car affects the insurance price.
You may have noticed that when a car is new, it costs more to insure. That is because a new car will cost more to replace if it is involved in an automobile accident. Since the insurance company would have to pay significantly more if it is totaled in an accident, they charge you more up front for the policy. To save money, you should look into options for used cars, rather than new as the cost will be less significant.
Other thing to think about is that the make and model of a car does affect the price of insurance. For instance, a sports car is more expensive to insure than a minivan, even if the upfront values of the vehicles are the same. This is because the sports car is more likely to be involved in an accident due to risky driving and the sports car is more likely to be involved in a theft. It only makes sense that the insurance companies want to cover their risk.
If you are looking to save money on car insurance, make sure you shop around and find the best plan you can for the lowest price. Often, working with an independent agent will help you do this and give you the personal attention you desire.