Business Insurance In Albany, NY
You’ve worked hard to build your small business in Albany, NY. We know you put in long hours and invest your money wisely to achieve your dreams. Whether you’re just getting started or you are already well established, it’s important to protect what you have built. If you don’t have enough commercial insurance coverage, you’re taking a tremendous risk, but the team at HCP can help you find policies to cover you for a range of perils.
Do you want to protect yourself from losing money due to property damage, employment practices risks, product liability lawsuits, and more? Do you want to ensure you comply with workers’ compensation laws? Our experienced agents work with some of the nation’s top insurers serving Albany, NY and we can assist you in finding the right policies at the best rates.
Get in touch with us today to find out more about business insurance in Hudson, NY, Albany, NY, and other areas.
What does business insurance cover?
Insurance coverage for businesses is so widely varied that you can find policies designed specifically to address your business’s needs. Your basic policies can cover things like damage to your commercial property, liability from lawsuits accusing you of negligence, and so much more. If you want to know what can be covered, the best thing to do is speak with an agent at HCP. We can help you identify your risks and exposures and recommend policies to protect you.
Common types of business insurance
Here are some policies you may want to consider for your commercial enterprise, whether you are running a small business in Albany, NY or you are responsible for finding coverage at a larger company:
- General Liability – This is one of the first policies you should think about purchasing, as it will cover a wide range of perils. For example, if a customer falls in your store, your general liability policy can cover your liability and their medical expenses. General liability also covers property damage by you or your employees, as well as product liability.
- Workers’ Compensation – Even if you are a small business with only a few employees, workers’ compensation coverage is required by law in Albany, NY, and all over the state.
- Commercial Auto – This is another type of required coverage for any commercial operation that uses vehicles. Your commercial auto policy can cover you for accidents involving you and your employees in any company-owned vehicles.
- Professional Liability – Many professionals, including doctors, lawyers, and financial advisors, are liable for the advice and treatment they give. A professional liability policy can limit your liability if you are sued by a client or patient for errors, negligence, or malpractice.
- Cyber Liability – In the information age, hackers are targeting businesses that store customer data like credit card numbers, banking info, and more. Your company has a duty to protect that information, and you can be held liable if it is leaked or stolen. If your commercial enterprise is the target of a cyber-attack, having a cyber liability policy in place can help limit your liability from any resulting lawsuits.
- Commercial Property Insurance – Fires, theft, and vandalism can cost you thousands. With commercial property coverage, you can be compensated for repair bills as well as lost or damaged inventory. Your policy can even replace your lost income if you have to close down temporarily due to a covered peril.
Why business insurance is so important
Being an entrepreneur is always a risky proposition, but the team at HCP can help you manage and mitigate that risk. Call us today to find out more about professional liability, commercial auto, and other policies to protect you.