Running a small business in Albany, NY, requires proper insurance and coverage for liability purposes and in the event of a financial loss. At NY Twin Bridges Insurance Agency, we specialize in aiding clients with commercial insurance decisions so you feel protected year-round. Knowing what your policy may not cover, and its limitations, is also crucial to finding better add-ons and additional policies that will provide you with the security you’re seeking.

Liability Limits and Coverage Gaps

The majority of commercial policies include set coverage limits. If you’re dealing with a property claim, a liability event, or a major lawsuit that exceeds those limits, you may find yourself personally responsible for the damages. This is where additional policies and umbrella insurance come in.

Exclusions for Natural Disasters

Many standard commercial policies do not cover earthquake and/or flood damage, even if the flood occurs in your building alone. A separate insurance policy is often recommended for those who feel they’re at risk of a flood or even in an earthquake zone.

Limited Cyber Coverage

Cyberattacks on small business are continuously growing and becoming more pervasive. Additional cyber liability insurance may be recommended if your business is operating online or if you store, save, and use customer information on the internet to conduct business. 

Knowing what traditional commercial policies do not cover (during times of need) is a way to feel much more confident in your decision-making when it comes time to purchase additional coverage. At NY Twin Bridges Insurance Agency, serving the Albany, NY area, we’ll work with you to find the policies that work for you, regardless of your industry and the type of business you’re running. To learn more about limitations and how to add more coverage to your existing policy, contact us today.