What Types of Insurance Does My Business Need in Nassau County, NY?

Starting and running a business in Nassau County, New York, requires careful planning and risk management. One of the most crucial aspects of this is ensuring your business is adequately insured.

Business Insurance Options

The following are the key types of insurance your business might need:

• General liability insurance—This is crucial for every business as it safeguards against claims of bodily injury, property damage and personal injury.
• Commercial property insurance—This type of insurance can financially protect your business property, including buildings, equipment, inventory and furniture, from risks such as fire, theft and severe weather. It’s vital for businesses with physical assets.
• Workers’ compensation insurance—If you have employees, New York typically requires you to have workers’ compensation insurance. This coverage can offer medical benefits and wage replacement to employees injured on the job, protecting your business from lawsuits related to workplace injuries.
• Professional liability insurance—It can cover legal costs and damages resulting from claims of negligence, mistakes or failure to deliver services as promised.
• Commercial auto insurance—Commercial auto insurance is necessary if your business uses vehicles for operations. It can financially cover damage and liability from accidents involving your business vehicles.
• Business interruption insurance—This insurance can assist in covering lost revenue and operational costs if your business experiences a temporary closure due to a covered incident.
• Cyber liability insurance—With the increasing threat of cyberattacks, this insurance is becoming more important. It can help cover the costs associated with data breaches, including notification expenses, legal fees and credit monitoring for affected customers.

Learn More

Contact James V. Funaro Agency to tailor a policy that meets your needs in Nassau County, New York.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.