Most people dream of owning a business. When you are an entrepreneur, you get to choose how to run your own business, which can be pretty satisfying. If you are planning to start a business in New York or have already started one, one of the things to consider is insuring. While some people consider commercial insurance an option, it is a necessity. Your business can be exposed to risks at any time, leading to financial losses. Below, Kinowski Agency Inc. explains the various types of commercial insurance you can get.
General Liability Insurance
General liability insurance is also referred to as business liability insurance. This type of coverage protects your business from property damage claims or bodily injury claims which can happen during your usual business operations. Without this coverage, you will be forced to pay for property damages and medical expenses from your wallet.
Commercial Auto Insurance
Company-owned vehicles are valuable assets, and that is why they need protection as well. This type of insurance pays for medical expenses and property damage resulting from an accident caused by the company car.
Commercial Property insurance
For any business to run successfully, it will need various things like equipment, furniture, inventory, tools, and a building. Commercial property insurance helps protect these items from various risks like fire, theft, or vandalism. If any business property is exposed to a covered risk, you will be compensated for the loss.
Workers Compensation Insurance
This type of commercial insurance not only protects you but your workers as well. If one of your employees suffers a work-related injury, workers' compensation insurance covers medical expenses, lost wages, and disability benefits.
If you are a business owner in New York looking to protect your business, reach out to us at Kinowski Agency Inc. The types of commercial insurance mentioned above are just some of the ways you can protect your business. Our Amsterdam and Johnstown agents will walk you through the various ways to protect your business depending on your needs.
While our offices are located in Amsterdam, NY & Johnstown, NY, we serve our clients all across New York.