If you own your own business, Small Business Insurance is not only important, it is essential. The state of New York requires that its business owners maintain insurance, whether you are a small business or a giant national corporation based in the state. There are several important benefits that small business insurance in Nassau County NY will give you, starting with the legal protection of liability insurance.
The liability part of your small business insurance is what protects you from legal problems. For example, anytime that somebody visits your company, for any reason, you could be open to a lawsuit. If someone were to fall down and get hurt, if someone were to slip and fall, or if a visitor were to be injured by one of the products that your company makes, you can be held liable. You could even be liable for damages if someone were to have an auto accident due to poorly maintained parking lots on your business property. Your liability coverage will protect you from these lawsuits and will make sure that these types of damages don’t come out of your company’s bankroll.
While liability is important, there is another equally vital type of Small Business Insurance in Nassau County NY: Property coverage. If you own the building where you conduct your business, you need to make sure that your building and everything you keep inside it are protected in case of an emergency. For example, a tornado or a harsh winter storm could to a tremendous amount of damage to your property or even destroy it completely. Your property owners coverage will help you pay for the building repairs and will pay for replacements of the items that were irreparably damaged or lost.
Business owners property coverage also covers situations such as theft. If your business is the victim of a burglary anything that was not recoverable can be replaced using your insurance policy. If the theft also involved vandalism, for example smashed windows or destroyed locks, the policy will also cover that. It is important that you discuss proper business insurance with your agent. Even though your business is still a small one, you could have a lot to lose if you don’t have good insurance coverage!
Contact for small business insurance
