Four of the most important rules to follow when you buy commercial insurance

You can prepare your company for the financial uncertainties of the future with a commercial insurance policy from Acme Insurance Brokerage. Business owners in Amityville, NY can learn more about their insurance options by contacting us.

Here are four of the most important rules to follow when you buy commercial insurance. 

Shop around to find the right policy

It would be best if you didn’t buy a commercial insurance policy without researching. Identify numerous commercial insurance providers in your area and get policy quotes to find the best insurance coverage for your company’s needs. 

Know what risks your company faces

Doing a risk assessment is essential when you buy commercial insurance. You need to understand the financial risks of your company if you want to find insurance coverage that is tailored to your company’s business operations. 

Find a reliable and knowledgeable insurance agent

You’re probably going to have a lot of questions about commercial insurance coverage when you buy a policy. This makes it essential to find an insurance agent who can provide you with the information you need and answer all of your questions. 

Understand your budget

Your company’s budget is an essential consideration to take into account when you purchase a commercial insurance policy.

Your commercial insurance premiums are an essential expense that you need to cover every month. That’s why you need to plan out your company budget with insurance premiums in mind before you decide on an insurance policy. 

Get a quote on a commercial insurance policy by calling us or visiting us online. At Acme Insurance Brokerage, we provide commercial insurance to business owners in Amityville, NY. 

How workers compensation insurance can protect both you and your employees

Workers’ compensation insurance from Acme Insurance Brokerage can be a beneficial form of protection for employers and employees in the Amityville, NY area. This type of insurance provides financial coverage for medical expenses, lost wages, rehabilitation costs, and death benefits when an employee is injured or becomes ill due to their job. 

For employers, workers’ compensation insurance helps cover the costs of any potential lawsuits that may arise from an employee’s work-related injury or illness. This type of insurance also helps protect businesses from costly legal fees and other related expenses that can come with such a lawsuit. Additionally, it reduces the financial risks associated with hiring and retaining employees by providing a protective barrier between employers and their workers. 

On the other hand, employees benefit greatly from having their employer carry workers’ compensation insurance. If injured due to an accident at work, they will have access to medical care without worrying about who will foot the bill. This type of insurance also provides wage replacement should they need time off to recover from injuries or illnesses.

Overall, workers’ compensation insurance is an excellent way for employers and employees to protect themselves financially in case of an unexpected workplace accident or injury. For more information, or if you want to sleep better at night knowing that your employees and your business are protected, call us at Acme Insurance Brokerage today. We are proud to serve the Amityville, NY area and would be happy to help you find a policy that meets your needs and budget.

Inventory issues to consider when selecting your commercial insurance policy

Acme Insurance Brokerage is proud to work with the Amityville, NY area business community. If you have questions about our area’s commercial insurance policy options, we are here to help. Our team will work with you and help you find a policy that meets your company’s unique needs. 

Consider your inventory realities when selecting a commercial policy

If your company holds a sizable inventory, it should be a factor when choosing your commercial insurance policy. Inventory can fluctuate monthly, especially if your business is seasonal. It’s important to value your inventory properly when selecting your policy.

Taken as a whole, inventory can comprise a significant amount of your company’s overall balance sheet. This means that it is an investment that should be protected. It’s important to value your inventory investment at its highest levels. For example, if you own a business that caters to winter activities and secures your insurance policy in the summer, your inventory will likely be low.

Be sure to value your inventory at its highest level. This is true no matter when you obtain your policy. Inventory is a key part of running a business, and if your stock were to be destroyed in a covered event, you would want to have the proper level of protection. Inventory levels are just one part of the overall insurance selection process but an important one to consider.

We look forward to working together.

If you own or operate a business in Amityville, NY, or the surrounding area, you can turn to the team at Acme Insurance Brokerage for all of your commercial insurance needs. Contact us today to schedule a consultation.

Choosing the Right Commercial Insurance Policies for Your Amityville, NY Business

As a business owner in Amityville, NY, you have a lot on your plate. There’s a lot to stay on top of, from keeping up with daily operations to ensuring that your customers are happy. And one of the most important things on that list is making sure that your business has the coverage necessary to protect it from potential risks.

Most Common Commercial Policies

There are a few different commercial insurance policies commonly carried by business owners. The most common include:

Property insurance:

This policy covers damage to your business property, including the building itself, any furniture or equipment inside, and inventory. It can also help cover the cost of a temporary relocation if your business needs to close due to damage from a covered event. Your Acme Insurance Brokerage representative can work with you to find the right commercial policy.

Liability insurance:

This type of policy can help protect your business from legal claims if someone is injured on your property or if you’re accused of causing damage to someone else’s property. It can also help cover the cost of medical expenses and any settlements or judgments that may be awarded in a lawsuit.

Business interruption insurance:

This policy can help cover the loss of income and expenses you incur if your business is forced to close due to damage from a covered event.

Commercial auto insurance:

If you use vehicles for business, this policy can help cover the cost of repairs or replacement if they’re damaged in an accident. It can also help cover medical expenses for any injuries in an accident.

Acme Insurance Brokerage can work with you to find the right policies for your business. We’ll take the time to understand your needs and help you acquire a quote.

The top types of commercial insurance lines to consider for your small business

As a small business owner in the Amityville, NY area, it is critical to have a comprehensive insurance program to protect your business. The agents at Acme Insurance Brokerage have put together a list of important coverages for businesses to consider. 

General Liability Insurance 

A general liability policy is essential for all small businesses. It will protect you in the event a third party sues you for damages. A liability policy is critical if your business operates at a location where clients are on site. If a client slips and falls while on your business premises, you will be protected in the event of a lawsuit.

Product Liability

If the nature of your business is to sell products, it is critical to consider a product liability policy. Even if your product seems harmless, you will be protected in a lawsuit if a third party claims your product has caused harm. 

Professional liability policy

Unlike a business that needs product liability, if your business provides a service, you should consider a professional liability policy (also called an E&O policy). An E&O policy will provide you with protection if you fail to provide the service or make an error while providing the service to a client and that client suffers a financial loss as a result. 

Workers Compensation 

The state may very well require workers’ compensation if you have enough employees. However, even if it is not required, you may want to consider it if you have employees. In the event an employee is injured while working, a workers’ compensation policy will help cover the medical bills and lost wages.

If you would like to learn more about the insurance policies available to protect your business, reach out to an agent at the Acme Insurance Brokerage today. We proudly serve the Amityville, NY area. 

Why New York Business Owners Should Consider Adding Cyber Liability Coverage

Acme Insurance Brokerage provides coverage to the Amityville, NY community. For over 20 years, we have strived to make sure that our clients have the coverage they need to be prepared in any situation. We offer a wide variety of custom policies. As a family-owned and operated business, we treat all of our clients like extended family.

Why New York Business Owners Should Add Cyber Liability Coverage

The Amityville, NY economy relies on the success of thriving businesses. As a business owner, you have likely made a lot of sacrifices in order to fulfill your dream. Commercial insurance supplements your hard work by protecting your most valuable asset. Commercial insurance covers the physical structure of your building against possible damage. All of your equipment and inventory that you rely on to successfully operate your business is also covered if it is vandalized or stolen. Commercial insurance covers your business if you are the victim of a fire or natural disaster.

As you figure out the type of commercial insurance policy that suits your business, consider this current age of technology. The majority of businesses today use electronic devices to store important information. If your electronic documents were lost or compromised, you may be left in a tough position. If those documents contain sensitive customer or employee information, you could face potential legal action. Cyber liability coverage can help protect your business in these situations. The policy protects your business in the aftermath of a costly data breach. You’ll be covered as you figure out how to restore the lost data. You’ll also be covered if you decide to shut down your business until everything is settled. If one of your customers pursues litigation against you on the basis of your business having a faulty network, cyber liability insurance will cover your business through the legal process.

Acme Insurance Brokerage Will Help You Protect Your Business

Visit our website to learn more information about commercial insurance.

5 Reasons Why Small Business Owners In New York Should Consider Commercial Insurance

Acme Insurance Brokerage assists the Amityville, NY community by offering residents insurance coverage. We strive to simplify the process of searching for insurance for our clients so that they can find the coverage that they need.

Commercial Insurance

Opening a business in the Amityville, NY area is likely a culmination of years of hard work and dedication on your behalf. Commercial insurance will help you protect your livelihood. The policy helps cover you in the event of a situation that may damage the future of your business. Here is a look at 5 reasons why you should inquire about commercial insurance.

Helps Your Business Stand Out

By inquiring about commercial insurance, that shows people that you are serious about protecting the future of your business. This helps establish your business as a credible place in the industry, which should help you attract more customers and media attention.

Covers Your Business

Commercial insurance covers your business in the event that your property is damaged or stolen. This is especially helpful during an accident in which your inventory is vandalized, which could lead to potentially huge losses without coverage.

Protects Your Employee’s Interests

Commercial insurance shows your employees that you value their contributions. The policy will cover your employees in the event that they are injured. This should help you attract new talent.

Covers Potential Liability Issues

You can amend your policy to protect your business in the event that a customer gets injured while visiting your property or if your product causes damages.

A Peace Of Mind If A Natural Disaster Arises

Commercial insurance covers you in the event that your business is damaged by a natural disaster such as a tornado.  

Acme Insurance Brokerage Will Help You Protect Your Investment

For more information on commercial insurance, visit our website today!

When to get commercial insurance for your company

Owning a company is a dream that many people have. When you are looking to start a company, finding the right place to open up is significant. One great place to start a company is in Amityville, NY. While there is a lot of opportunity for those that open a company in the Amityville, NY area, it is still vital to mitigate business risks as much as possible. One great way to do this is with commercial insurance. There are several situations when you should get this insurance coverage for your company. 

When Purchasing Assets

One situation when you need to get commercial insurance for your company is when you are going to purchase significant assets. When you do purchase assets for your organization, keeping them adequately protected is essential. If you do have commercial insurance, you are going to have the means you need to repair or replace your capital items and other assets.

Prior to Making a Sale

Before you make a sale to a customer, you should have commercial insurance. No matter what you sell or produce, there is always going to be a risk of liability. To ensure that you and your company are adequately protected, you need to have commercial insurance. This way, if a customer is hurt when using your product, you will have liability protection.  

When you are looking for commercial insurance, Acme Insurance Brokerage is an excellent resource for anyone in the Amityville, NY area. When you call the Acme Insurance Brokerage, you are going to receive the personalized support that you need to choose a quality insurance policy. This will help to ensure that you learn about all of your options and can pick a policy that will properly protect you and the rest of your organization. 

Does Commercial Insurance Cover Flooding?

Flooding in Amityville, NY may not be an everyday occurrence, but that doesn’t make the event any less devastating when it does happen. If you own your own business, the last thing you need is experience any type of water damage. Much like smoke damage, water damage is one of the most difficult kinds of clean-up. It can also inadvertently lead to problems like mold, another infestation you shouldn’t have to deal with. Acme Insurance Brokerage wants you to be prepared with the right policy, so you can protect your inventory and location. 

Flooding and Business Insurance 

Much like home insurance, business insurance does not usually cover flooding. It’s possible that your policy has a special rider attached to it, but unless you specifically requested it, this is unlikely. Floods can occur from any number of sources, including major storms, overflowing rivers, or broken levees. If your storm drains are blocked, it may not be long before the water starts to seep into nearby buildings.

Understanding Your Options 

Business owners with locations in an area that is more prone to flooding should certainly purchase flood insurance if only for their peace of mind. The last thing any enterprise needs is a nervous business owner who’s worried about the shift in the weather. However, there may be more reasons for you to consider flood insurance once you know the real risks (especially if you’re a business is home to expensive inventory).

Call Acme Insurance Brokerage if you’re looking for better coverage for your business in Amityville, NY. We can make it easier to decide on a policy that’s right for you and your business. We’ll take you through what is and isn’t covered, so you know exactly how your business will be affected should it be impacted by flooding.