NYC Business Group Insurance Blog

Tuesday, August 17, 2021 | NYC Business Group

What Type of Insurance Do You Need as an Electrician

Electricians play an essential role in bringing light and warmth to homes and businesses. Although they face a wide variety of risks, they encounter losses from mistakes and accidents that may occur. However, purchasing the right insurance can provide much-needed protection to any electrical contractor. Ergo, choosing the right insurance should be a priority for all electrical contractors. Ideally, electricians encounter many risks, and it is prudent to understand the type of insurance one needs…

Wednesday, August 04, 2021 | NYC Business Group

Why Skimping LLC Insurance May be an Expensive Miscalculation!

Establishing a limited liability company usually doesn’t expose your personal property to the risk of loss arising from the business running. However, the business assets are exposed to the danger that can lead to immense losses. In this blog, you will discover the risk you LLC faces like any other type of business organization and how having LLC insurance coverage can cover you. Most entrepreneurs prefer an LLC business composition because your personal assets are not on the verge of…

Wednesday, July 28, 2021 | NYC Business Group

Does Your Property Insurance Overlook Equipment Breakdown?

Imagine a scenario where your office building that’s 85% occupied becomes inhabitable when the air conditioning and ventilation systems stopped working! Upon summoning a contractor, he explains that the repair work will take about five days. Since the building is unfit for people to work in, you will receive numerous complaints and since the lease obliges you to credit the rents if the building is inhabitable for a day, you may lose thousands of dollars in repairs and lost rents. It is…

Wednesday, July 21, 2021 | NYC Business Group

What General Liability Insurance Entails

The majority of entrepreneurs ask themselves what general liability insurance (GL) is? The major reason they aspire to understand what this coverage is is to find out if they indeed need it. Evidently, a liability policy is a basic part of an insurance coverage plan. GL is essential as it compensates claims that your business damage cause to property or bodily injury. This insurance policy is also referred to as general commercial liability insurance (CGL). You can procure CGL as an independent…

Wednesday, July 14, 2021 | NYC Business Group

The Importance of Vacant Home Insurance

Most homeowners do not understand the difference between vacant and unoccupied homes. Typically, insurance companies do not like unpredictable risks because they translate to unanticipated claims. It is difficult for an insurance company to compensate you if they do not have the actual figures. Remember, with a predictable risk, your insurer can comfortably charge reasonable claims and payout on claims. Insuring a vacant home makes it difficult for insurers to determine potential risks. Insuring…

NYCBG Insurance Blog

What Type of Insurance Do You Need as an Electrician

Why Skimping LLC Insurance May be an Expensive Miscalculation!

Does Your Property Insurance Overlook Equipment Breakdown?

What General Liability Insurance Entails

The Importance of Vacant Home Insurance

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