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.