NYC Business Group Insurance Blog

Wednesday, June 08, 2022 | NYC Business Group

Review Your Contracts with Your Insurance Broker!

Having commercial coverage means that if you incur any damages from a covered peril, the insurance company will cover the resulting costs, saving your business finances. While damages can emanate from business-related events such as employee injuries, third parties such as clients can also cause financial harm to your business. For instance, a negligent client can cause a fire that burns down your premises. The involved client's insurance company should cover the losses incurred in such a case.…

Thursday, June 02, 2022 | NYC Business Group

Common Myths about Workers’ Compensation

As a business owner, you could have some employees. As a contractor, employee, or boss, you must be very keen on job safety and on-site injuries. However, there is a lot of misguided information regarding workers’ compensation insurance. The policy, meant to protect both the employer and employees in the event of injuries, has a lot of misconceptions. However, now is the time to clear any doubts. We take a look at the myths and what the truth is so that you can better…

Tuesday, May 31, 2022 | NYC Business Group

Top 5 Common Commercial Insurance Claims and How to Handle Them.

Every entrepreneur dreams of running a successful business for a long time. Whether you are acting to become your own boss or looking for an alternative source of income, small businesses face many challenges while growing. About 40% of small businesses file claims against their insurance policies at one point or another. It is only wise to keep your business protected from unforeseen accidents with these numbers.

Thursday, May 26, 2022 | NYC Business Group

What is Product Liability Insurance for Small Businesses?

Imagine having worked hard to create your product. You have thought of every possible mistake and taken action to correct it. You and your employees have spent days and years ensuring that your product is as good as possible. You have done everything from packaging to product distribution and warning labels. However, before and after you can take your perfect product to the market, it may cause harm to a customer or your employee. In this case, you should learn to protect your small…

Tuesday, May 24, 2022 | NYC Business Group

Can a Landlord Require Renter’s Insurance?

Living on someone else's property is no easy feat. Landlords may take measures to protect themselves from a financial crisis due to accidents happening on their property. Usually, landlords want to remove themselves from a position where they are liable for compensation for claims that do not emanate from their mistakes. The bottom line is that some landlords can make you jump through hoops just to rent out their living space. Now, legally speaking, can a landlord as for liability coverage? And…

NYCBG Insurance Blog

Review Your Contracts with Your Insurance Broker!

Common Myths about Workers’ Compensation

Top 5 Common Commercial Insurance Claims and How to Handle Them.

What is Product Liability Insurance for Small Businesses?

Can a Landlord Require Renter’s Insurance?

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