NYC Business Group Insurance Blog

Tuesday, October 18, 2022 | NYC Business Group

What is Umbrella Insurance and Why You Might Need it?

If you already have homeowners, car, and health insurance to protect your assets and loved ones, you might be wondering whether you need additional coverage. As your net worth grows, consider purchasing umbrella insurance on top of other policies. Typically, your lifestyle and hobbies can expose you to greater liability risks. Even if you are insured, all policies have limits, and the only way to protect yourself, your assets, and your loved ones is by adding an umbrella insurance policy.…

Wednesday, October 12, 2022 | NYC Business Group

Employment Practices Liability Insurance (EPLI) & it’s Important to Your Business

Running your own business or company might be a dream come true. However, when it comes to protecting your business, employers should protect themselves against employee lawsuits. It is important to understand that employee lawsuits can affect any type or size of business. Employment Practices Liability Insurance (EPLI) is an insurance policy that protects businesses from potential employment practice claims such as sexual harassment, discrimination, and wrongful termination. Typically, some…

Thursday, October 06, 2022 | NYC Business Group

How Does Commercial Property Insurance Coverage Work?

Commercial property insurance protects your business's physical assets from perils like fire, theft, vandalism, explosions, burst pipes, and storms. Since each business differs, insurers customize policies to meet your unique needs. However, commercial property insurance does not cover floods and earthquakes unless they are added to the policy.

Friday, September 30, 2022 | NYC Business Group

How to Choose the Right Residential Contractors Insurance.

Since construction is considered a high-risk industry, every contracting business should purchase the right contractor business insurance policy. Contractors’ insurance refers to the policies that protect construction industry businesses against possible financial losses. If you buy the right contractor insurance policy, it can help cover most liabilities, including legal defense costs, medical bills for injured workers, equipment repair or replacement, etc. In most cases, residential…

Tuesday, September 27, 2022 | NYC Business Group

What Insurance Does an Electrical Contractor Need?

Electrical contractors deal with unique risks and insurance requirements when offering their services. As a professional electrician, you must adhere to licensing and customer requirements and protect yourself against lawsuits and financial losses. However, coverage types can vary depending on factors like the specific needs of your electrical business.

NYCBG Insurance Blog

What is Umbrella Insurance and Why You Might Need it?

Employment Practices Liability Insurance (EPLI) & it’s Important to Your Business

How Does Commercial Property Insurance Coverage Work?

How to Choose the Right Residential Contractors Insurance.

What Insurance Does an Electrical Contractor Need?

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