Small Business Insurance
Customizable BOP, Commercial Auto, Workers’ Comp and Other Benefits
The U.S. Small Business Administration defines a small business as one that is both independent and has fewer than 500 employees. More than 99% of all businesses in New Your State fall into this category.
A small business might range from everything from a mom-and-pop eatery to a rapidly growing technology company. They dot the Empire State from Manhattan to Buffalo, and they all deserve the protection of a strong commercial insurance portfolio.
Tailoring your small business insurance benefits to fit your company’s risk management needs might feel like a challenge. To make the process easier on yourself, just come to 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 great value and guaranteed protection.
Call us at (800) 871-1992 or request your quote on coverage now.
Common Small Business Insurance Questions
Why do Small Businesses Need Insurance?
All businesses need insurance, but small businesses need this coverage all the more. Smaller operations are more vulnerable to the effects of disasters, lawsuits or even economic shifts. If an unexpected problem leads to high recovery costs, then many might not have the financial reserves on hand to recover. However, quality commercial insurance benefits can help them manage these costs.
What is small business insurance?
There are many different business insurance benefits on the market, each designed to cover unique liabilities present in all parts of the commercial sphere. Small business owners will therefore need several types of coverage.
Qualifying small businesses can streamline their benefits by buying a Business Owners Policy (BOP). These packages of coverage contain several essential benefits options necessary for most businesses:
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.
BOPs include terms designed to protect smaller operations, and will offer affordability and ease of management to small businesses that must keep both their budget and risk management simple.
You will likely need to buy either endorsements or separate policies to round out your full insurance portfolio. Some of these extra benefits might include:
Professional liability/Errors & omissions insurance
Inland marine insurance
Employment practices liability insurance (EPLI)
Products/completed operations liability insurance
If you do not qualify for a BOP, then there are still many convenient ways that you can package to your advantage. With our help, you’ll receive strong, easily managed benefits that are still going to provide you with exceptional value.
To learn more about our full commercial insurance options, click here.