Business & Commercial Insurance
Business & Commercial Insurance Information
New York Business Insurance
Every business, from sole proprietorships and home businesses to multi-national corporations, have assets they need to protect and liabilities that could put them in harm’s way. No matter what the size of your business, by investing in customized and tailored commercial insurance benefits, you’ll ensure that you can weather any challenges and keep your company on stable footing.
If you’re unsure about how to structure your insurance portfolio, or if you just want guidance in optimizing and upgrading your existing benefits, then put your trust in Keats Insurance. With our commitment to client-focused policy services, and our expert eye for the finer points of benefits, you can trust us to design the insurance portfolio that offers you both great value and guaranteed protection.
Call us at (800) 871-1992 or request your quote on coverage now.
Common Business Insurance Questions
What Is Business Insurance?
Commercial insurance is made up of countless policy options, and different plans will address both common and specialty liabilities present in your busines. It is not designed to protect you against normal wear & tear or predictable issues that might occur in your business. It is there for times when you couldn’t prevent a problem from occurring, and the results wind up proving very costly.
What Does Business Insurance Cover?
When combined appropriately and tailored to fit within your business model, commercial insurance benefits can protect you from the ramifications of costly, unexpected losses in the business. Severe weather could damage your property, a customer could sue your business, someone might rob you, or countless other risks could beckon. No matter how small the problem might seem, the losses could be significant. You can rely on your business insurance to help you overcome those hurdles.
What Coverage Does My Business Need?
Most businesses need several types of benefits. These might include:
Property Insurance: If something damages physical property – such as your building or possessions - then this coverage can help you repair or replace them.
General Liability Insurance: This covers the business in the event it causes property damage or bodily injuries to another party, like a client or vendor.
Business Interruption Insurance: This helps you pay the bills if you must temporarily close after a damaging accident.
Commercial Auto Insurance: When the company owns vehicles, this coverage will provide the requisite physical damage, liability and other benefits to help the company afford the costs of wrecks or other vehicle hazards.
Workers Compensation Insurance: If an employee gets hurt on the job, they are often eligible for workers compensation coverage. It will provide them supplementary income during their recovery.
Errors & Omissions Insurance: Professional advice or mistakes could cause clients a financial loss. This coverage can compensate them on behalf of the business.
Surety Bonds: If you are contractually obligated to certain clients, then bonds will guarantee them that you will repay them if you cannot meet your obligations.
Still, because your business is unique, you will likely need to further tailor your benefits package with coverage like:
Inland Marine Insurance
Employment Practices Liability Insurance (EPLI)
Products/Completed Operations Liability Insurance
Cyber Liability Insurance
Umbrella Liability Insurance
Business Owners Policies (BOPs) and Commercial Package Policies (CPPs) are available, and offer convenient ways for you to package different benefits in one place. This can save you both time and money in the long run, so talk to one of our agents about your qualifications for coverage.
How Much Business Insurance Do I Need?
The thing about business insurance is that you have to make sure it will minimize your personal financial losses for any challenges that might arise in your company. With our help, you can tailor the limits, deductibles, endorsements and other perks of your policies to make sure they will meet this objective.
Plus, we know that cost is something you have to be aware of, no matter how big your overhead allowance. We’ll make sure that your customized benefits package provides you both great value and maximizes your return on investment.