How Can Commercial Insurance Protect My New York Business?

New York is one of the best places in the country to run a business. If you’re a business owner in the Croton Falls, NY area, Carminucci Agency wants you to be informed about your commercial insurance options and how they can set your business up for success today and in the future. 

While many property leases require some type of commercial liability insurance in their contracts, the state of New York does not require business insurance as a whole. However, it’s one of the most valuable investments you can make in your business, even if you are just getting started. 

Many businesses choose to invest in commercial insurance because they have monetary assets at stake in their business; these could include trucks or vehicles that employees drive, inventory that is housed on-site, or multiple employees that require workers’ compensation in order to protect them from work-related injuries. 

There are many reasons to invest in commercial insurance on the internal side. But you also have to calculate the risk involved in your business; if you have complicated client relations or are in a lucrative industry, lawsuits may have a higher potential of being in your business’s future, and insurance can help you financially in many legal scenarios. 

Whether you have commercial insurance or are shopping around, there are so many ways a policy can protect your business financially. Insurance also protects your employees and ensures they are taken care of. 

If you’re in the Croton Falls, NY area and need guidance about a commercial insurance policy, Carminucci Agency is here to help. Contact us today and we’ll do our best to get your business set up with a quality policy that checks all the boxes.