Business Insurance In Long Island, NY
Businesses and commercial enterprises of all sizes take on a multitude of risks during their normal operations. They could be subject to lawsuits or be liable for property damage and injuries to their customers, neighbors, and competitors. If you are running a small business or you work for a large company in Long Island, NY, commercial general liability coverage or a range of other policies can protect you.
At HCP, we work with Long Island, NY businesses in nearly any industry you can imagine, helping them find the right commercial coverage for them at an affordable price. If you need commercial coverage of any type, get in touch with us right away to ensure you won’t be on the hook for expensive legal bills or other liabilities. We can help you find business insurance in Yonkers, NY, and other Empire State communities.
Types of business insurance
There are many types of commercial coverage you may want to consider for your business in Long Island, NY. They include:
General liability insurance
This is usually one of the first types of policies a small business owner will want to consider. General liability is a great catch-all policy that can cover a lot of common situations. For instance, if a customer gets injured in your store, this policy can cover their medical bills. If one of your employees causes damage to a neighboring property, you can be covered for the costs of repair or replacement. If a competitor accuses you of libel or slander against them in your advertising, you can be covered for the cost of defending yourself in court.
Property insurance
Just like homeowners, businesses need to protect their property and valuable assets. Your property coverage could come into effect if your building is damaged by hail, high winds, or other sources, or if a piece of equipment is damaged. Without the right commercial coverage, you will be paying for repairs out of pocket, and you may not be able to operate your business in the meantime.
Commercial auto insurance
Businesses that use road-going vehicles in their daily operations are legally required to have a commercial auto policy in place. A commercial auto policy can cover car accidents and some other common situations like collisions between company-owned vehicles and pedestrians, cyclists, and even buildings.
Professional liability insurance
Those who provide professional services, including doctors, lawyers, financial professionals, and more can be covered by a professional liability policy. Also known as errors and omissions coverage, a professional liability policy can cover any mistakes or accusations of negligence, like if a financial advisor is sued by a client for providing bad financial advice.
Workers’ compensation insurance
If you have even one employee, you are legally required to have a workers’ compensation policy in place. This can cover your employees’ medical bills if they are injured or become ill due to something that happened at work.
Cyber liability
In the information age, all sorts of businesses can be targeted by hackers seeking credit card information and other valuable data. You have a responsibility to protect that data, but it’s not always easy, especially for small business owners who aren’t tech-savvy. With a cyber liability policy in place, you can be covered for data breaches and other malicious actions that result in customer data being stolen.
Product liability
If you manufacture any consumer product, you could be liable for injuries it causes. Product liability coverage can cover settlements and medical bills, or even the costs of defending yourself against a product liability lawsuit in court.
Contact us today for a business insurance quote
As a business owner in Long Island, NY, you have a lot on your plate without having to worry about cyber liability, workers’ compensation, and all the other types of coverage you need to protect yourself. That’s why HCP makes it simple for you to get the right coverage. Simply call our agents to find out more about your policy options, coverage limits, and anything else you need to have peace of mind while you pursue your passions. We can also assist you with finding personal coverage like homeowners insurance in Long Island, NY.