If you own a business in New York, having the right insurance for your company is important. Companies need many different types of commercial insurance, depending on many factors. How many employees you have, what type of business it is, etc., factor into what kinds of insurance you need. Some are required by law for certain companies. To stay compliant, you need to know what those mandated insurance types are. Call Worthington Carroll Agency in Port Jervis, NY when you need commercial insurance.
In New York, any business with any number of employees, even just one, must have workers' compensation insurance. This is true even if the workers are part-time. When you get this type of coverage, it protects your business and your employees. When an accident happens on the job or someone contracts an illness related to work, this insurance pays for the resulting bills, such as medical bills, legal costs, and lost wages. It's also good for businesses because it pays those bills so that the business doesn't have to, protecting your liability. Never go without this coverage in New York.
Every vehicle owned by a New York business is required to have a commercial auto policy. This type of insurance covers accidents with work vehicles, and many types of coverage are required to be in this policy. They include bodily injury liability, liability for death, property damage liability, personal injury protection, and uninsured motorist coverage. Various amounts for each coverage type are required to be in the policy. If you run a trucking company, there will be other regulations that you have to follow.
There are many other types of commercial coverage that you may want for your business, including general liability insurance and cyber insurance. Talk to us at Worthington Carroll Agency in Port Jervis, NY to find out which types can help your business.
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