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Genesee Valley Agency

22 Main St PO Box 464
Arkport, NY 14807

New York Commercial Insurance Coverage

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Commercial Insurance in New York

When starting a business, there are many things to consider, such as the business location, the amount of capital, the employees, machinery, and equipment. Many business owners in New York end up focusing on the significant aspects of the business, that they forget one critical factor--safeguarding the business with commercial insurance. If you are looking to start a business in New York, you may want to consider buying commercial insurance based on the type of business you intend to run.

What is commercial insurance?

Commercial insurance is a type of coverage for corporations and businesses designed to cover business owners, employees, and business equipment and possessions. It covers businesses against damages or losses that could arise from accidents and disasters.

Factors that affect commercial insurance rates:

  • The number of employees
  • location of the business
  • Whether the business has or rents vehicles
  • Gross revenue
  • Years in business

Which coverages should I consider?

Depending on the type of business you want to run in New York, some coverages may be more critical than others. For instance, if you have employees, you may need to consider purchasing liability, workers' compensation, and other employee-related coverages. Suppose your business entertains many customers like a restaurant, bank, or supermarket. In that case, you may want to ensure that you have enough liability coverage to protect your business against lawsuits that could result from injuries or damages at your business premises. If you run a business that involves your professional input, professional indemnity can be an essential coverage for your business.

How much commercial insurance should I buy?

The amount of insurance to buy heavily depends on the coverages you want. Insurance experts at Genesee Valley Agency can help you determine which coverages matter the most based on your business. We also help you calculate the amount of insurance you need based on the coverages you choose.

For all your commercial insurance needs, please give us a call or visit our offices in Arkport, Caledonia, Odessa, Avoca, Dansville, Wayland, or Cando at Genesee Valley Agency, and we will be happy to help you.


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  • New York