New York is the leading state in the USA when it comes to small business. It has more than 2 million small businesses which employs around 4 million workforce. Every year New York gets 14,000 registered new businesses. As this state is producing more entrepreneurs every year so it has one of strict insurance policies. All the small business owners should be aware of all the regulations related to business and insurance.
Few of the businesses which can be covered by insurance are listed below
Accountants
Architects
Business Consultants
Cosmetologists
Cleaning Services
Dentists
Event Planners
IT Consultants
Lawyers
Nurses
Photographers
Real estate agents
Types of Small Business Insurance New York
Business Owner Insurance: This is commonly known as BOP. BOP covers number of liabilities under one package. General liability and Property insurance are two major policies covered under this package.
General Liability Insurance: This insurance protects companies from financial losses caused by the organizations or staff negligence such as on-premises accident and liabilities from selling products.
Business Property Insurance: It protects the commercial property owned by small businesses throughout the New York state. This also protects to pay medical bills to an employee or customers who get hurt at the commercial property.
