Commercial auto insurance
This is part of the NY commercial insurance that’s ideal for vehicle owners that uses there vehicles privately or for business reasons. Vehicles can be in different makes and categories like private vehicles, passenger vehicles, trucks, vans and pick – ups. But commercial vehicles falls into the types of vehicles that you use in carrying materials, tools, goods or equipments that relates to your business settings. Private auto insurance policy is quite similar to commercial policy but has the same coverage like liability, collision, uninsured motorists, liability and business equipments damages. But there are some clauses included in this particular type of insurance, therefore it is important to find out from your insurance agent about your suitability for commercial insurance.
Property insurance
This is another type of NY commercial insurance that covers properties; also referred to as building and its contents. Although, quite similar to homeowners and rental policies, but the main objective for designing it is to commercial properties, so they are rated based on the type of business you are doing. For example, if you are into manufacturing of goods, the premiums you will pay will higher that the person that uses the property as an office space. Therefore, property insurance covers accommodations for the property owner or the properties that belongs to the business in case you are a tenant in the building. It is common for property managers to encourage there tenants to have property insurance policy, so that they will be protected against sudden liabilities or land case that might arise within the premises.
Professional negligence or liability
This is a NY commercial insurance that’s quite different other commercial insurance policies. They are meant to cover damages that occur as a result of your negligence of professional misconducts. It is therefore necessary because customers can charge you to court if they have prove of your negligence, so you need to a professional liability insurance especially if you act as a consultant or provides professional services to clients. Insurance coverage of this nature can be obtained by IT professionals, contractors, estate agents, and insurance agents.
Finally NY commercial insurance has a very wide scope that includes different insurance policies. So, it is very important that you have a robust insurance coverage especially if you are a businessman. Visit professionals in this area, so you can discuss you insurance coverage and needs to guarantee your protections.
