Business owners often juggle numerous tasks, including selecting the right types of insurance. Most states require businesses to carry specific types of insurance, such as legal liability and workers’ compensation, to protect against injuries or other risks. However, understanding the various types of insurance available is crucial to determine what’s best for your Patterson, NY, business.
Property Insurance
Property insurance protects New York businesses against damage to the building’s structure caused by covered events, such as vandalism or accidents. It often includes the option to add natural disaster protection for events like floods or hurricanes.
Auto Insurance
Anyone using a vehicle, including a personal vehicle, for work purposes is typically required to upgrade their insurance policy. Business owners may face claim denials if they’re involved in an accident and don’t have proper coverage.
Business Interruption Insurance
Business interruption insurance is typically offered by companies that provide commercial insurance. This policy helps cover lost income and expenses resulting from covered events, such as fires or vandalism. It’s essential to consult with a professional at Kimberly J Brennan Agency to understand what events are covered in New York.
Natural Disaster Insurance
Many insurance policies, including property coverage, exclude certain natural disasters or only provide limited coverage for specific events. For example, a policy may cover named storms, meaning if a storm isn’t named, it doesn’t qualify for hurricane coverage. To address these gaps, many business owners purchase additional natural disaster insurance to cover specific risks, such as floods.
A professional agent at Kimberly J Brennan Agency can help you determine the type of coverage you need to protect your assets. We’ll review your area, common natural disasters, and any concerns you have. Contact us today to explore your options. We proudly serve the Patterson, NY, area.
