Are you a business owner in the Albany, NY area?
The NY Twin Bridges Insurance Agency can provide the protection your business needs.
Commercial insurance is a vital investment when starting a new company. A good commercial insurance policy will protect your company from devastating financial loss and can be the difference between staying in business and closing your doors in case of a lawsuit and resulting damages.
Knowing the different types of commercial insurance available is necessary, and working with a reputable agent can help you devise the most appropriate commercial insurance policy for your business.
There are three main types of commercial insurance coverage – liability insurance, workers’ compensation insurance, and property insurance.
- Liability insurance coverage protects your business from damage inflicted on third parties. It covers the expenses related to property damage or personal injury lawsuits to clients or customers that may occur at your business.
- Workers’ compensation insurance protects you from lawsuits for negligence filed by an employee injured or made ill while on the job.
- Property insurance will cover damage to property within your business, such as flood or fire damage.
There are specialized forms of coverage under each of these broader categories that can protect you from a more business-specific liability. An experienced and knowledgeable insurance professional can help you determine the best coverage for your business.
When a claim is filed, contact your agent immediately so an investigation can begin. Commercial insurance claims are more complicated than other types of claims. That makes fast assessment critical, especially in the case of a high-cost liability claim. You should not handle these claims yourself, as it will violate your insurance contract’s terms.
Don’t let your business remain unprotected. Contact the NY Twin Bridges Insurance Agency today for a quote.