New York is home to 2.2 million small businesses. This makes up 99.8% of all New York companies. 1 These small businesses employ about 4.1 million workers in the state, which represents about half of all New York employees. 2
If you own one of the many small businesses in New York, it’s important to understand the NY business insurance requirements. To learn more about business insurance, get a quote from us today.
A Business Owners’ Policy (BOP) combines business property insurance and business liability insurance into one single policy. Our BOP policies can help protect New York businesses and their employees from claims of:
You can also customize your BOP to meet your business’ specific needs by adding extra policies, like:
The best way to find the right coverage for your business is to compare quotes from different insurance carriers. You can start your search by getting a quote from us today.
Whether you own or lease your location, commercial property insurance can help you protect your business’:
So, if a fire destroys your products or equipment, this coverage can help pay for their repairs or replacement. It can also help cover office equipment that’s lost or stolen. On top of this, we can help customize your policy to meet your business’ specific needs and include protection for valuable papers or records.
New York general liability insurance (GL), also known as business liability insurance, helps protect your business from claims involving:
This means that if your company makes an advertising mistake or a customer gets injured on your property, general liability insurance can help cover your business.
To find the best insurance for you, it’s a good idea to get a general liability insurance quote from an insurance company, like The Hartford. This can help you find the right coverage for your business at the right price. To get started, get a quote from us today.
If your business has to close due to damage, business income insurance can help you recover the revenue you lose while you’re shut down. This policy typically covers your business if you’ve suffered damage from:
You’ll likely need business income insurance if your business:We include business income insurance in our Business Owners’ Policy (BOP), but you can also buy the policy on its own. To learn more, get a quote from us today.
Commercial auto insurance helps pay the costs of a car accident if you or your employee is in a collision while driving a covered vehicle for work. This includes coverage for damaged property and medical expenses. For instance, if your employee hits a pedestrian while driving, this coverage can help pay for the pedestrian’s medical bills.
Errors and omissions insurance, also known as professional liability insurance, helps protect your business from claims of:
Not having any insurance, or the right kind of insurance, for your New York small business may put you and your employees at risk. That’s why it’s recommended that you consult with a professional on the types of business insurance you need.
It’s also important to note that New York requires small businesses to provide disability benefits and carry workers’ compensation insurance to cover employees for work-related accidents or injuries. 3
We’ve been providing this coverage to businesses in New York for years. It’s our goal to help you better protect your business and employees. To learn more, get a quote today.
No matter where you’re located in New York State, we’ve got you covered. For instance, you can get:
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The Hartford shall not be liable for any damages in connection with the use of any information provided on this page. Please consult with your insurance agent/broker or insurance company to determine specific coverage needs as this information is intended to be educational in nature.
The information contained on this page should not be construed as specific legal, HR, financial, or insurance advice and is not a guarantee of coverage. In the event of a loss or claim, coverage determinations will be subject to the policy language, and any potential claim payment will be determined following a claim investigation.
Certain coverages vary by state and may not be available to all businesses. All Hartford coverages and services described on this page may be offered by one or more of the property and casualty insurance company subsidiaries of The Hartford Financial Services Group, Inc. listed in the Legal Notice.
The Hartford Financial Services Group, Inc., (NYSE: HIG) operates through its subsidiaries under the brand name, The Hartford, and is headquartered in Hartford, CT. For additional details, please read The Hartford’s Legal Notice.
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