Business Insurance

Commercial Insurance

When talking about some business you are indulged in your need to make your self-secure from every type of lawsuits. We at Golden Apple insurance agency are here to assist you how to choose the appropriate insurance policy for your business. Typically a commercial insurance involves liability insurance policy, property damage and especially worker compensation for your employees. These three categories can be satisfactory for a small scale business but it is not enough to provide you coverage against a large scale carrier where there are a lot of factors and risks are involved for the successful functioning of your business. In this case, we will be your partner to provide you maximum coverage different the commercial policies as per the requirement and nature of your business.

We will elaborate each type of policy so that you can choose your desired one without any ambiguity starting from the essential ones we will go down step by step.

Liability insurance

The first and the foremost priority for every businessman is to get general liability insurance policy before starting any commercial activity. This insurance policy will protect you against any loss caused by any action of your company to the third party. For example if a person is at your office for some official job and you have a construction business during a visit the visitor may get hurt by some or some machine then the affected person can sue a case against you which will cost you to pay a lot and it may also spoil your reputation so to avoid all these critical situations you must get general liability which in case an accident like this will provide the person with the medical benefits along with other compensation depending on the limit of your policy.

Error and Omission insurance policy

This type of insurance policy also called as professional liability it will provide you coverage if you are unable to perform your professional responsibility whatever the reason can be due to the negligence of the employer, missing of resource or it can be done mistakenly but the third party had a loss because of you. Here one thing should be clear that your general liability policy will not provide you coverage against all these issues you need to buy an E&O policy to cover yourself completely. The person who belongs to some businesses like lawyers, Accountants, pharmacist, brokers or some consultant they especially require to protect themselves from any possible issue that might be hazardous at a later stage.

The policy also provides expenditure for all the lawsuits up to the amount of your policy. The limits and the covering area of protection vary from industry to industry they are defined according to the risk exposed to your business.

Worker’s Compensation Insurance

Worker’s Compensation Insurance helps you out to pay for any work-related injuries for your employees. It includes death benefits, illness, medical expenditure, lost wages and rehabilitation cost. It also protects your business from any type of legal exposures. As per state law Worker’s Compensation Insurance is required by everyone who is running their business and have employees. It also helps your business for being used by employees due to workspace conditions. We have a team of professionals and they will understand your business and helps you out in finding a right insurance as per your business needs. We have a lot of insurance carriers for Worker’s Compensation Insurance including private carriers and state carriers.

Employees who have to be covered under Worker’s Compensation Insurance are Farmworkers, Teachers, corporate officers, Officers for one or two person corporation, Part-time employees, borrowed employees and leased employees.

Professional Liability Insurance

Professional liability insurance includes E&O insurance. E&O stands for Error and Omission. This policy is also known as a commercial general liability and designed for the professional. Even the best-trained employees can do mistakes and it will cause you a claim even a worst serious injury but having an Error and Omission policy it will protect you as well as your business from claims and cost loss. This policy will help you out to cover the legal expenses and damages out of the court but it will depend upon your policy liability limits. We have a team of professional staff and they will help you in choosing the proper limits, correct deductibles, and right defense costs.

Carrying incorrect limits will cause a major problem for you and your business. Share your all business information with us and we will help you out in getting a perfect insurance as per your requirements.

Business Owner Policy

If you have a business property you will have to go for business owner policy. This policy includes the combination of coverage’s which includes insurance for your business and property. Bop can also help you out in saving money if you have a small business you can take a business owner policy because it will provide multiple coverages under one insurance. To get BOP insurance you will have to meet certain criteria if you are a contractor then you are not allowed to take the BOP policy because your business is high risk. For that type of risks, general liability insurance will protect your business.

Main criteria to get a BOP policy is you have a small business and work in a risk low industry. To get the BOP insurance share your information with us and we will help you out in getting a correct BOP policy for your business.

Umbrella Insurance – Business Insurance

Umbrella insurance provides an umbrella for your business to be protected from any liability issues and remains safe. Liability insurance provides coverage for bodily injury and property damage to others. Having an umbrella insurance will provide the additional coverages and will extend those liability limits. This policy simply puts you under the umbrella and help you out when you are exceeding your liability policy limits. Umbrella insurance has a very low affordable premium. Umbrella insurance is available from $1 million to $5 million liability limits.

Having an umbrella insurance with the coverage limit of $5 million will save your business from financial ruin. To get an umbrella insurance for your business share your business information with us and we will provide an umbrella insurance with right coverages and limits in very low price.

Disability Insurance – Business Insurance

Any employee who has 30 days of employment in a job should have to be covered under the New York state disability law. Disability insurance covers the disability of workers during the employment which is not covered under the worker’s compensation insurance. Disability insurance includes only the cash payment befits. Every business in NY requires the disability insurance for their employees.

In simple when an employee is disabled by illness or injury will receive cash benefits on weekly basis to replace in part. To get the disability insurance please share all your information with us and we will help you out in saving your employees.

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