It’s understandable that your funds might be limited, but keep in mind that every business in Mastic, New York needs certain types of commercial insurance protection starting with the following:
* Insurance covering theft
* Fire insurance to cover fire, lightening strikes from storms, and smoke damage, electrical fires, among others
* Liability insurance that covers bodily injury that might happen on your premises
* workers’ compensation insurance for employees
* health insurance
As your independent agent it’s hard to completely advise you without additional specific business information about your business that we don’t have. It’s important that your business is covered and it’s a good idea to contact us so we can obtain more information and make informed suggestions about the various types of insurance, amounts and packages that will effectively cover your needs.
If you take liability as just one example, if you don’t have coverage and someone falls down the stairs and sustains injuries, you are liable. It’s not wise to put yourself in that position, and it’s not fair to your employees, clients, or visitors.
This example comes to minds because we just started working with a new client with offices in a beautiful triplex with two flights of stairs to various levels. Everyone loved the office and with good reason. The insurance was fine except that she didn’t have liability insurance. When we advised her she said that she would attend to it shortly, but that never happened for some reason.
During the summer, she hired a very bright intern and things were going well. The young intern had a habit of running up and down the stairs with open back shoes. One day, she fell half way down the stairs and hurt her back. Fortunately, the girl did not sue, and the woman immediately decided to buy liability insurance.
A hard way to learn a lesson.