Business Insurance in Scarsdale, NY
Where you can find the coverage you need when you need it, and more in Scarsdale, NY.
Written by
Christine Lacagnina has written thousands of insurance-based articles for TrustedChoice.com by authoring consumable, understandable content.
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Jeff Green has held a variety of sales and management roles at life insurance companies, Wall street firms, and distribution organizations over his 40-year career. He was previously Finra 7,24,66 registered and held life insurance licenses in multiple states. He is a graduate of Stony Brook University.
Nearly $28.4 billion in commercial insurance claims was paid out by carriers across the state of New York in one recent year. Fortunately for these companies, having the right business insurance helped them recover from potential financial losses caused by everyday risks like fire damage, theft, liability, etc.
An independent insurance agent in Scarsdale, NY can help your company get equipped with the business insurance it needs, today. But up first, here's a breakdown of business insurance in Scarsdale, NY.
How Much Does Business Insurance Cost in Scarsdale, NY?
The cost of business insurance is hard to estimate without knowing your company's specific:
- Size
- Annual payroll and revenue
- Number of employees
- Coverage needs
- Operations and exposures
- Location
All these factors together determine the cost of your business insurance policy. An independent insurance agent in Scarsdale, NY can provide you with several quotes for your area.
Is Business Insurance Required in Scarsdale, NY?
Pretty much all employers in Scarsdale and in the rest of New York are required to provide workers' compensation coverage if they have employees. This coverage provides critical protection for companies against employee illness, injury, or death caused by the job. In turn, employees cannot sue the business for these incidents.
Having workers' comp protects both the business and its team from disasters. Failure to provide this coverage, which is mandatory by state law, can result in fines or worse. Make sure to talk with your Scarsdale, NY independent insurance agent about adding workers' comp insurance today.
What Does Business Insurance Cover in Scarsdale, NY?
Workers' comp may be the only type of business insurance required by state law, but it's not the only one you'll need to consider adding to protect your company.
Businesses in Scarsdale, NY may need the following coverages:
- Cyber liability insurance: Covers incidents like phishing, data breaches, and more that can expose or corrupt sensitive data or private information stored electronically, like credit card numbers.
- Pollution liability insurance: Covers third-party claims of environmental pollution by your business and related cleanup costs.
- Employment practices liability insurance: Covers employee claims filed against your business for sexual harassment, discrimination, and more.
- Premises liability insurance: Covers third-party claims of bodily injury or property damage on your business's premises.
- Commercial auto insurance: Covers any company vehicles against incidents like fire damage, theft, liability, etc.
- General liability insurance: Covers third-party claims of bodily injury or property damage by your business.
Your Scarsdale, NY independent insurance agent can help recommend the exact coverages that will make up the right business insurance policy for your company.
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What Does Business Liability Insurance Cover in Scarsdale, NY?
Having business liability insurance can make all the difference in how your company recovers from lawsuits. Without this coverage, you're on the hook for paying attorney, court, and settlement fees if you get sued.
With small business liability insurance, your business can be reimbursed for unexpected third-party lawsuits and their associated expenses. Talk with your Scarsdale, NY independent insurance agent about adding this essential coverage before it's too late.
Are There Any Small Business Health Insurance Plans in Scarsdale, NY?
The Small Business Health Options Program (SHOP) online marketplace provides small business health insurance plans for businesses in Scarsdale and across the state of New York. If your business has fewer than 50 employees, it can qualify for these group health plans for your workers. Your Scarsdale, NY independent insurance agent can help you apply for coverage and find out if you're eligible to receive tax credits.
What Are the Best Small Business Insurance Companies in Scarsdale, NY?
To save you some time while shopping for small business insurance, we've gone ahead and compiled a list of some of our top carrier choices in Scarsdale, NY below.
| Best Small Business Insurance Companies in Scarsdale, NY | Star Rating |
| Progressive |
|
| Central Insurance |
|
| Stillwater Insurance |
|
| The Hanover |
|
| NYCM Insurance |
|
Why Work with an Independent Insurance Agent in Scarsdale, NY?
There's no such thing as a one-size-fits-all business insurance policy. With a wide variety of products and options at your disposal, you can put together a solid business insurance package that's custom-built for your company.
Independent insurance agents can help you choose the right policies and options to meet your company’s specific coverage needs. Because they're independent, these agents can work with several of the best business insurance companies in New York to find you the right coverage at a great price.
http://www.wcb.ny.gov/content/main/coverage-requirements-wc/wc-coverage-required.jsp
https://nystateofhealth.ny.gov/