Tailoring your Commercial Insurance Coverage

Tailoring your Commercial Insurance Coverage

Whether your business is large or small, the best way to ensure that you have the most appropriate coverage is to tailor your NY commercial insurance policy. Commercial insurance isn’t a one-size-fits-all service. Your insurance needs to fit the type and size of business you are running; otherwise, you could find that there are risks specific to your business type that are not adequately covered.

There are four basic elements you need to consider to start with: property coverage, workers’ compensation insurance, liability coverage and commercial vehicle insurance. When you are looking to tailor your coverage, look into the options offered by a growing number of different liability policies. Many of these have been designed to cover quite specific business risks, so you may find coverage that could be very useful.

Some policies you may have heard of include error and omission coverage, business interruption insurance, equipment breakdown coverage, systems breakdown coverage and many more. There are also policies geared to the growing incidence of cyber crime – useful if you conduct a lot of online business. There are other forms of coverage that can be added if you have freight being transported interstate or overseas.

This is an area of insurance that is continuing to grow, and there are niche products that are increasingly becoming available. To discuss the best additions for your NY commercial insurance policy, call one of our agents for more information and quotes.

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