Getting general liability insurance in new york

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Pamphile Insurance Brokerage, LLC
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Getting General Liability Insurance In New York
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• You may think that general liability insurance
  only applies to large corporations, but it can be
  just as important to businesses that are starting
  out or those that have only a few employees. In
  fact, protecting your company from general
  liability related to things like slips and falls,
  as well as your actions as an employer is
  essential if you want to protect your business
  from legal challenges and preserve its future
  value. Heres what you need to know about getting
  general liability insurance in New York.
• 1 What is General Liability Insurance?
• General liability insurance is one of four major
  property-casualty categories under which a
  business owner can get coverage. It protects
  against claims arising from bodily injury or
  property damage (including lawsuits). General
  liability policies typically include protection
  for Property Damage. This covers any damage your
  business may cause to someone elses property
  during normal operations, such as vehicle
  accidents and faulty products. A new building
  that you constructed might also be covered by a
  policy if there were problems with it and someone
  was injured on your site.
• General Liability Fire/Water Damage If your
  company accidentally causes a fire or floods
  another persons home, general liability will
  cover losses related to these incidents. Bodily
  Injury Claims. Workers Compensation Work Injury
  If one of your employees suffers an injury while
  working on behalf of your company, general
  liability would provide compensation if your
  employee filed a claim related to his or her
  injuries at work, regardless of fault Workers
  compensation General Liability only carries
  500,000/1 Million Coverages? Most general
  liability policies cover up to 500,000 per
  occurrence/1 million for each year

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• General Liability only carries 500,000/1
  Million Coverages? Most general liability
  policies cover up to 500,000 per occurrence/1
  million for each yearGeneral Liability only
  carries 500,000/1 Million Coverages? Most
  general liability policies cover up to 500,000
  per occurrence/1 million for each year
• 2 Why Should I Get It?
• If you own a business, whether its a
  multi-national corporation or a freelance gig,
  its essential to protect yourself and your
  business with general liability insurance New
  York. This type of policy will help protect you
  from legal costs and potential damages if someone
  is injured on your property or if something is
  damaged during one of your events. Your business
  may also require workers compensation coverage,
  which pays for lost wages and medical expenses
  for employees who have been hurt on the job.
  There are other types of insurance, such as
  professional liability insurance, that can be
  combined with a general liability policy or
  purchased separately.
• Contact an agent to discuss how many policies
  youll need to adequately cover your business
  from all angles. General liability insurance
  isnt cheap, but its necessary for any business
  owner. A quote could cost between 300 and 1,000
  depending on factors like location and claims
  history however, some companies offer discounts
  for businesses with multiple policies (e.g., home
  and auto) or pay above-average claims. You should
  also keep in mind that many state governments
  require certain businesses to carry general
  liability policies before issuing permits or
  licenses. An experienced agent will explain all
  your options so you know exactly what youre
  getting into when buying these importantbut
  priceypolicies. You may think general liability
  insurance is just extra money down the drain, but
  it could save you money down the road if problems
  arise that leave your bottom line vulnerable.

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3 What Does General Liability Cover?

• You might know that your business is required to
  carry general liability insurance, but do you
  know what it covers? If youre like most business
  owners, you might not even realize that general
  liability coverage protects against many
  different kinds of accidents. The truth is that
  you can rest easy knowing that your business has
  one of the strongest financial protections out
  there. General liability insurance will cover any
  physical injuries or damages to property caused
  by your companybut it also goes far beyond those
  two things.
• For example, if someone slips and falls on ice
  outside your store (an all-too-common
  occurrence), then general liability coverage will
  help pay for their medical bills and offer them
  financial support until theyre able to return to
  work.
• General liability insurance will also protect you
  from claims arising from copyright infringement
  and other intellectual property laws as well as
  libel and slander allegations. Again, these are
  just a few examples of how general liability
  insurance covers so much more than people think!
  What else should I consider when shopping for
  general liability insurance in New York? Because
  insurers set rates differently across state
  lines, its important to understand all your
  options before making a final decision about
  which policy works best for your business.

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4 How Much Does General Liability Cost?

• General liability insurance is, as its name
  suggests, an insurance policy that covers your
  business for all types of damages and losses
  resulting from claims or lawsuits. If someone
  slips on your sidewalk, youre covered. If a
  customer gets food poisoning at one of your
  restaurants, youre covered. Its usually part of
  a business owners commercial general liability
  insurance (CGL), which is pretty much required if
  you run any kind of business that involves
  serving customers or working with third parties
  who could file a claim against you later on. How
  much does general liability cost? Most experts
  will say that getting some sort of coverage is
  more important than how much it costs.

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  Stream, New York 11581
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  bility-insurance-in-new-york/