Taking care of business

Business Insurance for Small Business,
Mid-Size and Large Corporations

Employee Benefit, Commercial, Group, and Specialized Insurance

tel: 888 623 3434

creating opportunity

BUSINESS
INSURANCE

We have a complete suite of insurance and risk management products and programs to meet the needs of businesses. Regardless of the size of your business - small to mid-size to large corporations - we're here for you.

Our team of professionals will meet with you to analyze your specific needs and customize a plan to fit your unique business situation. We provide a broad range of insurance products and risk management services. Whether you are just starting your business and have basic insurance needs or are a large organization with complex business insurance requirements, we are here to assist you.

Business Insurance Solutions

Our team of professionals will meet with you to analyze your specific needs and customize a plan to fit you're unique personal or business situation. We provide a broad range of insurance products and risk management services.

Our business insurance products include:

Our personalized website allows you to easily connect and communicate with our agency. Log on and you’ll discover a variety of online risk management resources tailored to your unique needs, including:

  • Complete OSHA log reporting and analysis capabilities. You can log OSHA recordables as they occur, instantly create a Work-Related Injuries and Illnesses Summary, and compile a 300A annual summary quickly and easily.
  • HR Compliance Tools and Resources including COBRA, HIPAA, HIPAA Privacy, Section 125 and FMLA.
  • Links to workers’ compensation state statute overviews and related state resources for quick reference.
  • A library of downloadable materials covering a variety of insurance-related topics including loss control, workers’ compensation, and employee safety communications.
  • Participation in Group Benefits and P&C program surveys, which allow you to benchmark your programs and plans while making comparisons to other employers across the country.
  • Access to the site’s interactive Community, which provides you online access to a vast and knowledgeable network of industry peers.

To find out how you too can access these resources for your business, contact us today at one of our offices in Nanuet, Clifton Park, or Hauppauge, New York!

Your vehicles are critical to the success of your business.  To successfully protect your business, it is important to have properly set up commercial auto insurance.

There are many different options to consider, including whether fleet insurance or per vehicle policies are the best solution for your unique situation.  We are here to help guide you through the different options available.  We specialize in helping businesses with their insurance and risk management programs.

What is commercial use?

Your personal auto insurance will exclude coverage for commercial uses of your vehicle.  That is why it is important to discuss your needs with us, so that in case of an accident, there is no chance of being uninsured.

What can be done to lower the cost of commercial auto insurance?

The following strategies can generally help to lower the cost of your insurance coverage:

  • Anti-theft and safety devices – items such as alarms, GPS tracking, and air bags can lower your premiums.  In addition, programs which require seat belt usage can also help reduce your costs.
  • Deductibles – deductibles represent the portion of risk you are willing to absorb before the insurance company would pay on a claim.  The higher the deductible, the lower your premiums will be.
  • Driver records – by hiring only qualified drivers with safe driving records, you can significantly reduce your premiums.
  • Location - determines premiums for the theft portion of your insurance coverage.
  • Vehicles – the sportier the car, generally the higher the premium.  By having 5 star safely rated vehicles, you can significantly reduce your premiums.

Other Considerations

Certain types of businesses are subject to federal and state regulations in the operation of their vehicles.  It is important to fully understand those regulations.  We can help you, to ensure you are in compliance.  In addition, it is important if your company will be using the equipment of third parties, such as leased or rental equipment: if so, you will need non-owned vehicle coverage.  We are happy to help you ensure you are in compliance and have the appropriate level of coverages for your business.

We specialize in helping businesses with their insurance protection, including their vehicles.  Contact one of our offices in Nanuet, Clifton Park, or Hauppauge, New York, today for a no obligation review.

Social media - social networking - whatever name is put to blogs, podcasts, networking websites like Facebook and LinkedIn, and micro-blogging services like Twitter and even your company website - have opened new risks for employers.

Traditional liability insurance products don't address Internet exposures. But by disseminating information to the public through the Internet, your business now has the same liability risks as publishers. Exposures such as copyright infringement, defamation, and invasion of privacy have opened the door to the newest insurance coverage - cyber liability.

Cyber liability insurance also covers a large range of loss exposures such as damages due to loss or theft of client data, email-transmitted libel, and even introducing (accidently or otherwise) a virus into another businesses' network. The coverage is constantly being expanded, and it continues to undergo changes to meet the obvious growth of communications capabilities in the cyber world.

The potential liability associated with all forms of electronic communication is rapidly evolving. Various insurers offer an expanding list of coverages. Talk to us about ways we can both identify and cover your business' cyber risks.

Contact one of our offices today in Nanuet, Clifton Park, or Hauppauge, New York, for more information.

If you are in a business where you move your equipment from site to site for example construction, you should consider an equipment floater as an addition to your standard insurance coverage.  This type of protection is important because if your equipment is not at a single or specific location - your traditional property insurance policy does not provide coverage.  Not only do equipment floaters cover the transit exposures but also cover theft while equipment is being stored in a secure location.,

Equipment typically included in a floater policy would be:

  • Bulldozers
  • Backhoes
  • Lawn Mowers
  • Landscape Installation Equipment
  • Photographic Equipment

Coverage can include:

  • Damage caused by others
  • Theft
  • Fire
  • Vandalism
  • Water Damage
  • Breakage

For equipment five years or less, generally coverage pays for the repairing or replacing with new equipment.  For older equipment coverage usually pays for the cost to repair or cost of replacement based on actual value.

Contact one of our offices in Nanuet, Clifton Park, or Hauppauge, New York, for more information about this important protection for your business.

Management liability insurance protects against allegations of financial injury.  It combines Directors and Officers Liability (D&O), Employment Practices Liability Insurance (EPLI), and Fiduciary Liability insurance.

Management Liability Insurance helps provide protection against:

  • Allegations of wrongful termination, discrimination, and sexual harassment – the most common types of complaints against most companies.
    • There is a lot in the press about wrongful termination suits and the large court awards or “out of court” settlements.  Management liability insurance provides protection in this key area.  In addition, insurance companies who issue this type of insurance protection often provide training to help prevent claims.  They provide sample communications and policies which can help in preventing suits and problems.
    • Charges of mishandling investment funds or failing to carry our investment instructions.
      • It only takes one mistake and the consequences can be significant.  Even if it was an honest error, it can take years to put things straight, and there can be tremendous financial repercussions.  This type of protection can offer an important safety net.
      • Shareholder suits alleging a lack of proper “corporate governance”.
        • Allegations of poor corporate governance can have a significant impact on a business, especially in these days where the term “transparency” is more and more part of the lexicon.  Properly set up Management Liability Insurance can make a huge difference if one of these allegations were to arise.

Contact us at one of our offices in Nanuet, Clifton Park, or Hauppauge, New York, today to find out if Management Liability Insurance could be the right fit for your business’ insurance and risk management program.

Professional liability insurance provides protection in the event of a liability claim for professionals providing a service.  For those in the medical field, this coverage is called medical malpractice insurance.  However, the need for this kind of protection is not limited to those in the medical field.  The insurance will provide payments in the event of a judgment for errors or omissions resulting in financial loss or injury.  Any professional with a fiduciary responsibility should have protection.  The kinds of service professionals who have this type of insurance include accountants, consultants, real estate professionals, appraisers, lawyers and financial advisors among others. If an individual is sued, their personal assets such as homes, cars and other possessions are potentially at risk. All it takes is one mistake – and it can mean financial disaster and could cause the end of a career or a business.

Liability insurance policies can help cover legal expenses to defend against frivolous or unfounded lawsuits. For professionals working as an employee of an organization with its own malpractice insurance, they may want to consider having individual coverage, just to ensure they are properly protected.

What to look for:

You want to look for a policy that is specifically designed for your industry and provides protection for:

  • Legal fees and other costs of defense
  • Reimbursement for licensing board issues
  • Settlements and court costs

There are many different types of specialized coverage.

Some of the more common include:

  • Accountants Professional Liability - Accountants and related businesses can be protected from claims alleging a negligent act, error or omission in the performance of their professional services.
  • Employment Practices Liability (EPLI) - Business owners with employees will want to have EPLI to cover claims for discrimination, harassment or wrongful termination. This coverage is specifically designed to help protect the insured and their business in the event an employee brings a suit or administrative charge.
  • Engineers and Architects Professional Liability – Coverage is provided for claims alleging a negligent act, error or omission in the performance of their professional services.
  • Not-For-Profit including Directors and Officers with Employment Practices Liability - Protects the directors and officers of not-for-profit organizations in the event of a suit for an actual or alleged wrongful act in connection with their position at the organization. EPLI coverage is also included to help protect the organization in the event an employee sues or an administrative charge related to employment practices. This may include things such as harassment, discrimination or wrongful termination.
  • Technology Services Errors and Omissions Liability - This coverage provides protection to specific types of businesses that provide their clients with technology services and covers the insured from liability arising from mistakes, whether real or alleged.
  • Umbrella Liability for Businesses - Your liability insurance policy would protect your livelihood from lawsuits arising from your business up to the policy limits. Umbrella liability can add an additional layer of protection.

This type of protection can be complicated and as such we recommend a comprehensive review of your unique situation so we can tailor a solution for your needs. Contact one of our offices in Nanuet, Clifton Park, or Hauppauge, New York, today for more information on this extremely important insurance protection.

This type of coverage is called “Umbrella Liability” because it covers your business like an umbrella.  It provides your business with additional insurance protection, beyond the limits of your general liability policy.  For example, if your general liability policy provides $1 million, but a claim settlement provides for $1.5 million, your umbrella policy would provide the additional $500,000.

This is like the type of protection you may already have with your personal insurance.  This type of protection does the same thing except for your business.

You can add umbrella liability coverage to your general liability, auto, hired and non-owned auto liability, and employer's liability policies. It is important to note, however, that umbrella coverage cannot be used to supplement your professional liability insurance.

In our ever increasingly litigious society, more and more companies are purchasing excess liability/umbrella coverage.  It was only in the 1980’s that multimillion dollar court awards were the exception.  Now they are very common.  A single event, without the proper insurance protection, can have devastating results on your business.

Contact us at one of our offices in Nanuet, Clifton Park, or Hauppauge, New York, to find out how we can integrate all your insurance coverages, including umbrella liability.

The purpose of workers’ compensation insurance is to provide employees with proper compensation for job-related injuries or illnesses. Although specific laws vary by state, workers' compensation insurance is generally required of companies with W-2 employees.

Many states use the standards of the National Council of Compensation Insurance to determine the rates of their workers’ compensation insurance. The NCCI, a non-governmental, private organization, uses classifications to determine the risk factors involved in particular jobs. The risk factor will obviously be greater with occupations such as mining and construction, and generally low for clerical workers.

Premiums are usually determined through a formula which includes several factors including salary, benefits and other variables.  A remuneration number is then arrived at.  It is used in conjunction with the risk factor classification of the job to arrive at the cost of the insurance. Premiums can also be adjusted by “experience modification factors”, which are standards set by the NCCI and other organizations for reducing premiums based on a company’s reputation.

The initial premiums are based on several prognostications including the amount of wages to be paid to workers.  At the end of the policy period an audit is performed to determine the actual premium amount.  The results of the audit can result in either a refund or additional premiums due.

We work with our clients to ensure they understand workers’ compensation insurance.  We take the time to evaluate their needs and ensure employees are properly classified.  This helps to minimize any surprises later on.

Contact us at one of our offices in Nanuet, Clifton Park, or Hauppauge, New York, today to find out more about how we help employers with all their insurance and risk management programs.

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