Are you a business owner in the Albany, NY area?

The NY Twin Bridges Insurance Agency can provide the protection your business needs.

Commercial insurance is a vital investment when starting a new company. A good commercial insurance policy will protect your company from devastating financial loss and can be the difference between staying in business and closing your doors in case of a lawsuit and resulting damages.

Knowing the different types of commercial insurance available is necessary, and working with a reputable agent can help you devise the most appropriate commercial insurance policy for your business.

There are three main types of commercial insurance coverage – liability insurance, workers’ compensation insurance, and property insurance.

• Liability insurance coverage protects your business from damage inflicted on third parties. It covers the expenses related to property damage or personal injury lawsuits to clients or customers that may occur at your business.
• Workers’ compensation insurance protects you from lawsuits for negligence filed by an employee injured or made ill while on the job.
• Property insurance will cover damage to property within your business, such as flood or fire damage.

There are specialized forms of coverage under each of these broader categories that can protect you from a more business-specific liability. An experienced and knowledgeable insurance professional can help you determine the best coverage for your business.

When a claim is filed, contact your agent immediately so an investigation can begin. Commercial insurance claims are more complicated than other types of claims. That makes fast assessment critical, especially in the case of a high-cost liability claim. You should not handle these claims yourself, as it will violate your insurance contract’s terms.

Don’t let your business remain unprotected. Contact the NY Twin Bridges Insurance Agency today for a quote.

A variety of life insurance products exist for you to choose from, depending on your situation. It isn’t a requirement in Albany, NY to purchase indemnification of this type. Still, you may choose to do so for financial reasons, as it helps to shield your benefactors against fiscal difficulties that may arise when you pass on. Speak to your NY Twin Bridges Insurance Agency about the right options. 

Term Life Insurance

This insurance product typically will last 5, 10, 15, 20, or 30 years. Once the agreed-upon period expires, the insurance is null and void. This type of coverage is usually the cheapest to procure, especially if obtained while you are young. Assess your needs to determine if you would benefit from an option that protects your loved ones against unforeseen but unlikely circumstances. 

Permanent Life Insurance

This policy will last for the duration of the insured’s life and is typically more expensive than term products. It will also have a savings component that allows your premiums to accumulate and from which you can borrow. These loans will have lower interest rates than a bank usually offers, though they do have to be paid back before your passing, or they will be subtracted from the death benefit. You can also defer payment of premiums with this provision as long as funds are available. It’s essential that your account is in current status when you die for the policy to be valid.

We Can Be of Service to You

NY Twin Bridges Insurance Agency offers life insurance products and services to those who live in the Albany, NY region, and we look forward to working for you. Contact us by phone, online, or in person to discuss your needs in more detail.