NYC Business Group Insurance Blog

Monday, December 12, 2022 | NYC Business Group

What is the Difference Between Workers’ Compensation and Disability Insurance?

The main difference between workers' comp and disability insurance is the type of injuries and illnesses they cover. Workers' comp covers injuries and illnesses sustained from workplace accidents or exposures. Therefore, workers' compensation covers an employee's financial needs until medical professionals determine they are fit to work again/return to work. On the other hand, disability insurance pays a portion of your earnings if an injury or illness impedes you from working. Although it is…

Wednesday, November 30, 2022 | NYC Business Group

Coverage Tips for Event Booth Vendors

Outdoor events and tradeshows offer numerous business opportunities unavailable in the fall and winter. However, selling goods at a market or event comes at a risk. It is prudent for small business owners to always protect their businesses. Booth events pose unique risks due to the location and involved third parties. The language used in Business Owners Policy (BOP) is fundamental to ensure you are protected from potential liabilities. If the wording is wrong, business owners can end up…

Tuesday, November 22, 2022 | NYC Business Group

What Does Condo Insurance Cover? Everything You Need to Know

Condo owners are required to buy a condo insurance policy. Also known as an HO-6 insurance policy, condo insurance is like homeowners’ insurance because it protects the interior of your condo unit and personal items. Also, condo insurance includes personal liability coverage. This type of coverage pays for damages if you are liable for property damage or personal injury. As a condo owner, it is important to check what is covered by your HOA policy because HOA and condo insurance should…

Wednesday, November 16, 2022 | NYC Business Group

Over 65 and Working? Here are 4 Common Medicare Questions

If you are not receiving Social Security benefits at 65, you will not be enrolled in Medicare automatically. Therefore, if you are over 65 and still working, deciding when to enroll in Medicare depends on your employer's size. The following questions can help you make the right choice:

Tuesday, November 08, 2022 | NYC Business Group

5 Questions to Ask Before Purchasing General Liability Insurance

Small business owners should purchase general liability insurance to protect their assets. Business owners have incurred substantial financial losses from unplanned events like accidents, injuries, and property damage. If you do not have the right insurance coverage, an unforeseen event can make you shut down your business. General liability insurance is crucial because it protects you from property damage, bodily injury, and personal & advertising injury.

NYCBG Insurance Blog

What is the Difference Between Workers’ Compensation and Disability Insurance?

Coverage Tips for Event Booth Vendors

What Does Condo Insurance Cover? Everything You Need to Know

Over 65 and Working? Here are 4 Common Medicare Questions

5 Questions to Ask Before Purchasing General Liability Insurance

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