Commercial Insurance in New York: Why You Must Have It

When you have a business in New York, you have a lot of worries on your mind. Every day that you open your doors, you worry about any potential risk to your business, and you should. This is your income and service to others that you are responsible for.

At Genesee Valley Agency, we want every Arkport, NY business owner and operator to be protected financially from every liability and financial risk. You need New York commercial insurance to protect you from all the things you worry about when you open the doors every morning.

General Liability

Slip and falls in a place of business are a multi-billion dollar insurance problem in the United States. Every day there are Americans in emergency rooms having injuries treated that happened when they went out to run errands for the day.

If you own commercial vehicles, liability insurance is required. However, you are not required to have it by law in New York. Even so, it is critical insurance to have to protect you from slip and falls, or people that want to claim them.

Property Insurance

Property insurance for a commercial business is insurance that covers the building of the business, and the contents of the business. Property insurance will protect you from events such as weather, theft, or fire. There are policies for that name perils specifically, or all perils commercial insurance.

New York flood insurance is typically a separate insurance policy when you want your commercial property protected against the common act of floods.

Business Interruption Insurance

The uncertainty of the business world in America has never felt this high. Business interruption insurance can cover you when events interrupt your course of business and lead to loss of revenue. That could include events such as terrorist attacks, crime, pandemics, hacking, or any event that was not caused by you or God that resulted in business interruption.

Get a Quote

At Genesee Valley Agency, we want all Arkport, NY business owners to be covered for every commercial risk. In addition to these kinds of coverages, we can help you find professional liability insurance, commercial auto insurance, cybersecurity insurance, umbrella insurance in New York, and more. Call us for a quote today.

Cybersecurity, and why it’s important.

 

Keep Your Data Safe. Get Cybersecurity Insurance.

 

Whether it’s personal or business, everything important is stored or processed online these days. This is the case even more so since the pandemic pushed everyone into their homes and all lines of communication became digital. While the convenience and accessibility is incredibly important, putting our lives and businesses online has created an Achilles’ heel that many hackers are using for their own benefit.

Hackers are getting smarter as technology advances. Just in 2021, there have been large attacks that have dramatically affected the United States. Startling examples include the cyber attack on the Colonial Pipeline this May that cost the company a $5 million ransom, and the cyber attack on JBS, the world’s largest meat processing company, that caused factory shutdowns world wide.

While it is more unlikely that small businesses or the everyday man would be targeted for these kinds of attacks, it still happens. Leaving yourself open for an attack is dangerous, and buying cybersecurity insurance can protect you in the worst-case scenario.

 

What is Cybersecurity Insurance?

 

Cybersecurity insurance covers businesses and individuals against threats to online risks and liability. This can include things like coverage for data breaches, identity theft, and personal data theft. The core tenet of this insurance is helping people and companies recover from disastrous financial data hacks or personal data breaching.

 

 

If you’re a business, consider what your company needs protected the most. Protecting clientele information might be the first step you want to take with cybersecurity insurance. This would ensure that you would be covered in an incident in which client information, such as credit card numbers or Social Security numbers, is leaked. From there, protecting your own company’s information, as well as your employees’, might be on the top priority list. Figuring out what kind of coverage you need will help determine the best plan for you.

 

 

If you’re thinking about getting coverage for yourself, consider what is most important. Identity theft has become even easier with all our data being online. Keep yourself and your financial information safe through a plan that covers online data breaches. Just like a business, finding a plan that works best for what you need is incredibly important. Talk with an agent to decide what type of coverage might be best for your household.

Cyberattacks are scary, but there are ways to protect yourself and your personal information. Keep in mind, buying cybersecurity insurance is only part of the job! Make sure you’re doing everything you can to protect your data on your side as well. From complicated passwords to careful management of data, there are plenty of ways you can protect your information from being easily stolen.