New York (NY) Business Insurance

Choose The Hartford for Your New York Business Insurance Needs

New York is home to 2.2 million small businesses. This makes up 99.8% of all New York companies.¹ These small businesses employ about 4.1 million workers in the state, which represents about half of all New York employees.²

If you own one of the many small businesses in New York, it’s important to understand the NY business insurance requirements. To learn more about business insurance, get a quote from us today.

Types of New York Business Insurance Coverages Offered

New York Business Owner’s Policy

A Business Owners’ Policy (BOP) combines business property insurance and business liability insurance into one single policy. Our BOP policies can help protect New York businesses and their employees from claims of:

Bodily injury
Property damage
Theft

You can also customize your BOP to meet your business’ specific needs by adding extra policies, like:

Data breach insurance
Professional liability insurance
Workers’ compensation insurance

It’s important to consider a BOP policy if your business has:

A physical address or location in New York, whether it’s a retail store, home office, traditional office or rented space.
The potential for customers to file a lawsuit after getting injured at your store or workplace.
Digital assets, equipment, cash or furniture that could be lost, damaged or stolen.

The best way to find the right coverage for your business is to compare quotes from different insurance carriers. You can start your search by getting a quote from us today.

New York Commercial Property Insurance

Whether you own or lease your location, commercial property insurance can help you protect your business’:

Equipment
Inventory
Office furniture
Personal items

So, if a fire destroys your products or equipment, this coverage can help pay for their repairs or replacement. It can also help cover office equipment that’s lost or stolen. On top of this, we can help customize your policy to meet your business’ specific needs and include protection for valuable papers or records.

General Liability Insurance in NY

New York general liability insurance (GL), also known as business liability insurance, helps protect your business from claims involving:

Reputational harm
Property damage
Bodily injury
Advertising errors

This means that if your company makes an advertising mistake or a customer gets injured on your property, general liability insurance can help cover your business.

To find the best insurance for you, it’s a good idea to get a general liability insurance quote from an insurance company, like The Hartford. This can help you find the right coverage for your business at the right price. To get started, get a quote from us today.

New York Business Income Insurance

If your business has to close due to damage, business income insurance can help you recover the revenue you lose while you’re shut down. This policy typically covers your business if you’ve suffered damage from:

Fire
Theft
Storms

You’ll likely need business income insurance if your business:

Owns or rents a physical location to provide services.
Has a brick and mortar location where you sell retail items.
Relies on software or digital property to make money.
Uses machinery or tools to produce a good or provide a service for income.

We include business income insurance in our Business Owners’ Policy (BOP), but you can also buy the policy on its own. To learn more, get a quote from us today.

Commercial Auto Insurance in NY

Commercial auto insurance helps pay the costs of a car accident if you or your employee is in a collision while driving a covered vehicle for work. This includes coverage for damaged property and medical expenses. For instance, if your employee hits a pedestrian while driving, this coverage can help pay for the pedestrian’s medical bills.

Errors and Omissions Insurance in New York

Errors and omissions insurance, also known as professional liability insurance, helps protect your business from claims of:

Negligence
Misrepresentation
Inaccurate advice
Failure to perform professional services or a professional services error
Libel or slander
Failure to protect personally identifiable information

Without professional liability coverage, you’ll have to pay legal defense costs out of pocket.

New York Minimum Business Insurance Requirements

Not having any insurance, or the right kind of insurance, for your New York small business may put you and your employees at risk. That’s why it’s recommended that you consult with a professional on the types of business insurance you need.

It’s also important to note that New York requires small businesses to provide disability benefits and carry workers’ compensation insurance to cover employees for work-related accidents or injuries.³

We’ve been providing this coverage to businesses in New York for years. It’s our goal to help you better protect your business and employees. To learn more, get a quote today.

NY Commercial Insurance Coverage Wherever You Are

No matter where you’re located in New York State, we’ve got you covered. For instance, you can get:

Business insurance in New York City
Business insurance in Brooklyn
Small business insurance in Syracuse, NY
Small business insurance in Buffalo, NY
Long Island business insurance
Business insurance in Queens, NY

Additional New York Business Insurance Links

Get a quote on Small Business Insurance for your business today.

^1,2 Small Business Administration (SBA), 2020 Small Business Profile: New York

³New York State Workers' Compensation Board, “Information for Employers/Businesses”