Frequently Asked Questions About
Commercial General Liability Insurance
How much does small business insurance cost?
Costs can vary widely based on industry and are also determined by zip code and often payroll and/or gross sales. Request a free quote to get an exact number. (read more)
What kind of business insurance do I need?
Most business owners need General Liability Insurance at the very least. If you have any non-owner employees, you will need workers compensation insurance too.
What is a Certificate of Insurance?
A Certificate of Insurance is proof of coverage. It lists the type and amount of liability coverage you have and other policy information when a third party requests it. (read more)
Is business insurance tax deductible?
Yes. you can deduct the cost of commercial insurance premiums. The IRS considers insurance a cost of doing business as long it benefits the business & serves a business purpose.
New York Public Administration Insurance
New York Public Administration Insurance. Being involved in the public administration industry means you are engaged in the overseeing and management of different public programs within the various governmental agencies. These government agencies exist on the federal, state and local levels. Governmental groups involved in the organization and funding of public goods and services are also included in this sector. These businesses also manage different organizations that have legislative, judicial or executive power of the different institutions in their jurisdiction.
Most of these are government agencies but still need to be protected from the risks they face. To be protected they need to have insurance. In this post, we'll talk about the different New York public administration insurance policies needed to protect these different agencies.
New York public administration insurance protects your agency and programs from lawsuits with rates as low as $67/mo. Get a fast quote and your certificate of insurance now.
Types Of Businesses In The Public Administration Industry
Here are some of the different companies that are a part of the NY public administration industry:
- Executive Offices
- Legislative Bodies
- Public Finance Activities
- Police Protection
- Legal Counsel and Prosecution
- Correctional Institutions
- Fire Protection
Also included are the administration of NY human resources programs. Some of these programs include:
- Administration of Public Health Programs
- Administration of Education Programs
- Administration of Human Resources Programs
These are just some of the different businesses included in the public administration industry that must have New York public administration insurance to protect them from different risks.
Type Of Insurance Options For The Public Administration Industry
In public administration, there are many requirements for New York public administration insurance coverage. To be comprehensively protected the policies you get have to include many coverage options. Here are some of the different insurance policies you can get for your business:
General Liability Insurance - If a third party is injured or suffers property damage while visiting your offices, then this is the insurance you should get. A common claim is "slip and fall". General liability insurance helps to protect you when things go wrong. Legal defense fees and other court costs are covered once you have this New York public administration insurance.
Cyber Liability and Data Breach Insurance - Public admin. means you'll storing and using confidential information. As a result, you must ensure you have protection if a hacker or cyber criminal ever leaks this sensitive information. Getting top quality security is the best thing you can do, but even then there is still a chance the information you store can be hacked. If the information is hacked, then it is critical to have cyber liability and data breach insurance coverage. This New York public administration insuranc helps to protect you if the information you store ever gets into the wrong hands.
Commercial Property Insurance - Having business property insurance protects the NY property used for the operation of public administration offices. This New York public administration insurance protects the office furnishings and computer systems used in the different buildings. If the property for your business is damaged or lost due to an event covered by the insurance, then this coverage helps with recovery of losses without suffering too much of financial loss.
Workers' Compensation - Workers comp in required by law in mpst states for any non owner employees. With NY workers compensation, an employee will get financial assistance if they are injured while working. When an employee gets injured on the job and has to be taken to the hospital this insurance assists with the paying of any medical expenses that result because of the injury. If an employee dies because of the injuries they got on the job, then this insurance pays benefits to the surviving family.
NY Commercial Auto Insurance - Any vehicles used by the different public administration offices must be protected by commercial insurance while they are on the road. It's impossible to predict an accident which is why you need NY business auto insurance to protect the different vehicles used by the various offices. When a vehicle used by your office gets into an accident or causes damage to a third party or their property you are protected when you have this insurance for your business.
NY Public Administration Insurance
Protection in the public administration just like any other business is important. The last thing you want happening is a lawsuit after someone gets injured while being on the property of a public administration office. Also, the vehicles used and employees in the different parts of this sector must have separate insurance policies to protect them.
Finding the best New York public administration insurance for a public administration office is about speaking with an experienced insurance agent.
New York Economic Data And Commercial Insurance Requirements
The State of New York is famed for industry, particularly Manhattan and the surrounding areas. As such, it's no wonder why so many entrepreneurs look to do business in this state.
If you are thinking about starting up a business in NY, it's important for you to have an understanding of the status of the state, regarding its economy. It's also important to know about the insurance requirements for business owners in the Empire state.
Below, we offer a brief overview of New York's economic status, as well as the types of insurance policies business owners are legally required to carry, and policies that they should consider investing in.
The Economic Status Of New York State
While the economy is growing in the State of New York, it is lagging behind other states, in terms of growth. Overall, more jobs have been added in this state in recent years. In 2018, it is expected that this trend in job growth will continue; however, it will likely be at a slower pace than previous years.
If you are thinking about doing business in the Empire State, one of the best industries to consider is finance. It is predicted that this sector will contribute largely to the economy in 2019, as well as in the coming years. Healthcare services and education are also expected to see growth, as are the transportation industry, and professional and business services.
Insurance Requirements For Business Owners In NY
The New York State Department of Financial Services regulates insurance in the Empire State. Organizations that employ a staff of part-time or full-time workers that are either hourly or salaried are required to carry workers' compensation insurance. This type of insurance is required, no matter what size your staff is; even if it only consists of one W2 salaried person. You must also carry NY commercial auto insurance if you are using a vehicle to conduct any business affairs.
While there are no mandates surrounding commercial liability insurance, business owners in New York would be wise to invest in this type of coverage. Should a client or a contractor sue you for an accident or injury that happens at your place of work, or if a client claims you damaged his or her property, commercial liability insurance will protect you from having to pay the cost of legal fees and any settlements that may be awarded out of your own pocket.
Additional Resources For Non-Profit Insurance
Find useful articles on business insurance for non-profit 501(c)(3) organizations, charities and associations.
- Fraternal Organization
- Labor Union
- Parent Teacher Organization
- Public Administration
- Social Work Services
For 501(c) Non-Profits - Directors And Officers Liability Insurance has become an increasingly important policy to have. D&O coverage protects insured directors or officers against claims involving allegations of wrongful acts occurring while performing their duties as such. The insurance is divided into two separate coverages:
Side A coverage reimburses the individual directors and officers for payments made for loss each has incurred because of wrongful acts.
Side B coverage reimburses the corporation for the payments it has made on behalf of the directors or officers themselves.
General Liability is a foundational policy for almost any business. Most companies do not have any control over the final cost of injuries to a person injured because of their operations, products, or services. The person injured may be a young child, a blue-collar worker, a surgeon, or a homeless person.
The cost of the injuries may be comparatively minor or run into the millions of dollars, depending on the person and the extent of his or her injuries. Do you have sufficient assets to pay such a loss?
Commercial general liability insurance is designed to help you protect your assets with three main coverages:
- Coverage A: Bodily Injury and Property Damage Liability
- Coverage B: Personal and Advertising Injury Liability
- Coverage C: Medical Payments
Request a free New York Public Administration insurance quote in Airmont, Albany, Albion, Amityville, Amsterdam, Auburn, Babylon, Baldwinsville, Ballston Spa, Batavia, Bath, Bayville, Beacon, Binghamton, Briarcliff Manor, Brockport, Bronxville, Buffalo, Canandaigua, Canton, Cedarhurst, Chestnut Ridge, Cohoes, Colonie, Corning, Cortland, Croton-on-Hudson, Depew, Dobbs Ferry, Dunkirk, East Aurora, East Hills, East Rochester, East Rockaway, Elmira, Endicott, Fairport, Farmingdale, Floral Park, Fredonia, Freeport, Fulton, Garden City, Geneseo, Geneva, Glen Cove, Glens Falls, Gloversville, Goshen, Great Neck Plaza, Great Neck, Hamburg, Harrison, Hastings-on-Hudson, Haverstraw, Hempstead, Herkimer, Hilton, Hornell, Horseheads, Hudson Falls, Hudson, Ilion, Irvington, Ithaca, Jamestown, Johnson City, Johnstown, Kenmore, Kingston, Kiryas Joel, Lackawanna, Lake Grove, Lancaster, Larchmont, Lawrence, Lindenhurst, Lockport, Long Beach, Lynbrook, Malone, Malverne, Mamaroneck, Manorhaven, Massapequa Park, Massena, Mechanicville, Medina, Middletown, Mineola, Monroe, Monticello, Mount Kisco, Mount Vernon, New Hyde Park, New Paltz, New Rochelle, New Square, New York, Newark, Newburgh, Niagara Falls, North Syracuse, North Tonawanda, Northport, Norwich, Nyack, Ogdensburg, Olean, Oneida, Oneonta, Ossining, Oswego, Patchogue, Peekskill, Pelham Manor, Pelham, Plattsburgh, Pleasantville, Port Chester, Port Jefferson, Port Jervis, Potsdam, Poughkeepsie, Rensselaer, Rochester, Rockville Centre, Rome, Rye Brook, Rye, Salamanca, Saranac Lake, Saratoga Springs, Scarsdale, Schenectady, Scotia, Seneca Falls, Sleepy Hollow, Solvay, Spring Valley, Suffern, Syracuse, Tarrytown, Tonawanda, Troy, Tuckahoe, Utica, Valley Stream, Walden, Wappingers Falls, Warwick, Washingtonville, Waterloo, Watertown, Watervliet, Webster, Wesley Hills, West Haverstraw, Westbury, White Plains, Williamsville, Williston Park, Woodbury, Yonkers including the neighborhoods in the New York City Five Boroughs (Brooklyn, Manhattan, Queens, and Staten Island):
Borough Park, Bronx Park and Fordham, Brooklyn, Bushwick and Williamsburg, Canarsie and Flatlands, Central Brooklyn, Central Harlem, Central Queens, Chelsea and Clinton, East Harlem, East New York and New Lots, Flatbush, Gramercy Park and Murray Hill, Greenpoint, Greenwich Village and Soho, High Bridge and Morrisania, Hunts Point and Mott Haven, Inwood and Washington Heights, Jamaica, Kingsbridge and Riverdale, Lower East Side, Lower Manhattan, Manhattan, Mid-Island, North Queens, Northeast Bronx, Northeast Queens, Northwest Brooklyn, Northwest Queens, Port Richmond, Queens, Rockaways, South Shore, Southeast Bronx, Southeast Queens, Southern Brooklyn, Southwest Brooklyn, Southwest Queens, Stapleton and St. George, Staten Island, Sunset Park, Upper East Side, Upper West Side, West Central Queens, West Queens and all other cities in NY - The Empire State.
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