NYC Business Group Insurance Blog

Monday, June 16, 2025 | NYC Business Group

Does Property Insurance Cover Vacant Buildings? (The Shocking Truth That Could Cost You Thousands)

When a property becomes vacant—whether it’s a commercial building between tenants or a home awaiting sale—many owners assume their existing insurance policy will continue to provide full protection. But here’s the reality: standard property insurance often excludes or severely limits coverage for vacant buildings. If you're not proactive, your empty space could leave your finances just as exposed as your walls. In this article, we’ll break down why standard insurance doesn’t…

Thursday, June 12, 2025 | NYC Business Group

Is Your Rental Property Actually Protected? What Most Landlords Don’t Know About Lessor’s Risk Policies

If you own commercial property and lease it to tenants, there’s a critical insurance policy that could save—or sink—your investment. It’s called a Lessor’s Risk Only (LRO) policy. And while many landlords carry one, few fully understand what it covers, what it doesn’t, and how small mistakes can lead to big financial exposure. This article uncovers what’s really inside an LRO policy, the crucial details landlords often overlook, and how to make sure your coverage matches…

Monday, June 09, 2025 | NYC Business Group

Is Your Furniture Store Properly Insured? Discover the 5 Overlooked Policies That Could Save Your Business

Running a furniture store is more than just showcasing stylish sofas and elegant dining sets. Behind the scenes, store owners face a myriad of risks—from property damage and customer injuries to supply chain disruptions and delivery mishaps. Without the right insurance coverage, a single incident could jeopardize your entire operation. Understanding and securing the appropriate insurance policies is crucial for the longevity and success of your furniture business.

Thursday, June 05, 2025 | NYC Business Group

Why Was My Business Insurance Claim Denied? 7 Costly Mistakes You Might Be Making—and How to Avoid Them Before It’s Too Late

Filing a commercial insurance claim only to have it denied is one of the most frustrating experiences for a business owner. You pay your premiums, trust the policy is there to protect you, and when disaster strikes—you're left holding the bill. The good news? Most claim denials are avoidable. As a licensed insurance brokerage, we work every day with clients to help them avoid the common pitfalls that lead to denied claims. Understanding the reasons behind claim denials and taking…

Monday, June 02, 2025 | NYC Business Group

How Do I Start My Own Plumbing Company? A Practical Guide for Future Independent Contractors

Thinking of starting your own plumbing business? You’re not alone. Many experienced plumbers dream of going independent—setting their own schedule, building a reputation under their name, and taking full control over their earnings. But becoming your own boss comes with its own set of challenges. Before you order your first box of business cards, there’s a lot to consider. This guide will walk you through the early planning stages, startup costs, necessary insurance coverages,…

NYCBG Insurance Blog

Does Property Insurance Cover Vacant Buildings? (The Shocking Truth That Could Cost You Thousands)

Is Your Rental Property Actually Protected? What Most Landlords Don’t Know About Lessor’s Risk Policies

Is Your Furniture Store Properly Insured? Discover the 5 Overlooked Policies That Could Save Your Business

Why Was My Business Insurance Claim Denied? 7 Costly Mistakes You Might Be Making—and How to Avoid Them Before It’s Too Late

How Do I Start My Own Plumbing Company? A Practical Guide for Future Independent Contractors

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