The goal of doing business is maximizing profits, while minimizing liabilities. You need a strategic plan that encompasses expected costs and actionable plans that reinvest the profits. Keeping business insurance costs to a reasonable level requires a broker that can find affordable, comprehensive business insurance that meets your needs. You ned to protect your business from the risk of unexpected losses, like natural disasters, lawsuits, employee injuries, and accidents.
The first question is “How much business insurance is enough?”
The second concern is “How much is too little?”
The next consideration is what can your business afford and not afford to cover!
NY State regulations will determine your basic business insurance requirements. Commonly required policies are: workers compensation, unemployment, and disability insurance.
New York business insurance packages can include any of the following coverages:
- Business Owners Policies (BOP)
- Worker’s Compensation
- General Liability
- Commercial Auto
- Commercial Property
- Group Benefits
- New York Contractors Insurance
- Auto Repair Shop Insurance
At the Debra Lamay Agency LLC, we understand the importance of having affordable, comprehensive business coverage in place to protect your investment in your business. Every business needs to carry the required NY State policies and we can suggest more comprehensive and affordable business insurance solutions you may want to consider above and beyond the NYS minimums.