Commercial Insurance in New York

As a business owner, your primary duty is to protect your business and its assets. The best way to do this is by purchasing an insurance policy. We offer commercial insurance for companies here at Rowledge & Falvo Insurance Agency in Scotia, NY. Our commercial insurance policies range from general liability to business owner’s policy. We also offer additional coverage options to protect your business against the unexpected.

Commercial Insurance Requirements

New York requires businesses to purchase workers’ compensation insurance for all businesses with either full-time or part-time workers. Workers’ compensation will protect workers if they fall ill or become injured while on the job.

Commercial auto insurance is also required for all vehicles that are commercially owned. Your policy must meet the following requirements:

  • Bodily injury liability for $25,000 for each person
  • Bodily injury coverage for $50,000 for each accident
  • $50,000 liability for death for each person
  • $100,000 liability for death for each accident
  • $10,000 property damage coverage for each accident
  • $50,000 for PIP
  • $25,000 uninsured motorist protection for each person
  • $50,000 uninsured motorist protection for each accident

Commercial Insurance Coverage

Here’s what business insurance covers:

  • General liability- The majority of commercial leases typically require this. It protects your business against slip and fall injuries and property damage that customers and advertising injuries cause.
  • Business owner’s policy- This policy combines both property damage insurance and general liability coverage.
  • Professional liability- This protects your business if you provide professional services. It protects your company against work mistakes and more.
  • Cyber coverage- This protects your business against financial losses resulting from cyberattacks and other related breaches. If your business stores personal customer information, this coverage is highly recommended.

Get a Quote in New York

To receive a commercial insurance quote, please call Rowledge & Falvo Insurance Agency today. We are located in Scotia, NY.