The coverage options that are available for a commercial business in Schenectady, NY depend on the type of industry that you work in and the details of the company. Generally, commercial insurance will protect against liability concerns, potential damages that may arise to company property and concerns regarding the well-being and safety of your employees.

Worker’s Compensation

If you have hired employees, then you are required to carry some worker’s compensation insurance. As a general rule, you should obtain coverage as soon as you decide that it is time to hire an employee so that you are not facing unnecessary challenges or problems.

The coverage that you need will vary based on the risks and problems that are associated with the industry. Generally, a low-risk industry will carry a lower amount of protection when compared to a high-risk industry.

Liability Coverage

Liability protection can take a variety of forms, but a general plan is usually appropriate unless you have specific liability concerns to address. The policy will help pay for any injuries, property damage or problems that harm another individual. It will usually apply to your customers or visitors to your company office.

Car Coverage

Any time that you purchase a company vehicle, you should obtain protection for the car. The amount of protection will depend on your concerns, but you should comply with the state laws regarding liability coverage and uninsured motorist protection. Additional coverage that may be appropriate will vary.

There are several policies that are designed for businesses, but the protection that you need will depend on the situation and your particular company. Generally, you should focus on protecting against common threats and specific concerns that are related to the services you provide. To learn more, contact us to talk to an agent today.