Convenience – There’s several ways to get a quote whether you need a single New York policy or a combination of coverages. Simply start a quote online or call us to speak directly with a licensed agent. Businesses in New York are required to have workers’ comp insurance if they have employees. Workers’ compensation New York liability insurance helps pay for expenses related to employees becoming injured or ill while working for you.
A small business is defined as having fewer than 100 employees and can include anything from coffee shops to IT services. If a customer comes into your brick-and-mortar store and slips and falls, general liability insurance will cover you. This is why you’re usually required to have it if rent a space for your business. Some customers won’t even work with a business that doesn’t have general liability insurance. The Health Care Reform Act of 2000 introduced the Healthy NY program to provide more affordable health insurance to New Yorkers who need it most. Healthy NY, in partnership with HMOs and other insurance companies in New York State, offers comprehensive health insurance to small businesses.
Your NY State Insurance Identification Cards and the electronic notice of insurance together verify your insurance coverage. Assume some risk via higher deductibles, eliminate collision coverage on lower value vehicles, etc. The Empire State is where you want to be if you want to start a new venture in one of the world’s business capitals. But to ensure everything goes smoothly with your undertaking, you’ll want to be doubly sure you’re meeting all the state’s insurance requirements. Our exclusive focus on business insurance has enabled us to streamline the quoting and binding process, making it more efficient for our NY business customers. Once you start a quote with General Liability Shop.com, one of our Specialists will walk you through the entire process from start to finish.
FOREIGN INSURERS— Insurance companies domiciled in a state other than New York, but may be licensed by New York. DOMESTIC INSURERS— Insurance companies domiciled and licensed in New York State. AUTHORIZED/LICENSED/ADMITTED— Insurance companies that are licensed to operate in New York. Consider outsourcing any process hazardous to your health or premises. More guidance for small businesses can also be found in the DFS Cybersecurity Resource Center.
In addition to standard bodily injury liability coverage, New York also requires you to have uninsured motorist bodily injury coverage. Adequate coverage should include $25,000 bodily injury claims coverage per person, $10,000 property damage liability per accident, and $50,000 bodily injury liability per accident. They also require death liability coverage of $50,000 per person or $100,000 per accident.