NY Contractors Insurance

Looking for the right NY contractors insurance can be an exhaustive process. With so many insurance carriers available, you may feel like you should just make the most familiar choice, or go with the cheapest provider you can find on your own. This is not a beneficial solution for you and your business – a little research and guidance from a service like contractorsinsurance.org can find you the right match for you as well as make a real difference to your bottom line.

Whether you are a sole proprietor or corporation, you can always rely on (and you are in fact required to have) general liability insurance. This blanket insurance will cover all the necessary and standard elements of a business, from injury to illness, accidental damages, and certain legal defense costs. Policies will differ from provider to provider, but if you own your business, or own 50% of the stock or more, you can count on general liability insurance to cover you and your business. Corporations with general liability insurance also automatically cover executives, officers, and employees, but only within the work environment.

NY contractors insurance can be tricky – New York Labor Law has become increasingly strict over the years, and in turn prices for the insurance you may need are steadily rising. Contractors in New York City can tell you about how scaffolding laws and flooring laws have affected their NY contractor’s insurance rates – for example, Section 240 and Section 241 of New York Labor Law call for ‘absolute liability’ in the event of a scaffolding or flooring ‘gravity’-based accident rather than the less strict ‘negligence’-based liability standards, thus driving the prices for 240/241 coverage to an all time high.

When there is a specific need for a particular kind of coverage as noted above, you need a specialist to advise you on all the policies that exist for you, as well as walk you through which policies will offer you the coverage you need while meeting your budget. Beyond General Liability, there are a host of categories you will have to consider, from Disability, Worker’s Compensation, Inland Marine, and Commercial Auto and Truck insurance; this can quickly become complicated, but taking your time and not rushing into a policy you are not familiar with is highly recommended.

Contractorsinsurance.org knows that the safety of you, your employees, and your business is important – and will provide you with the knowledge you need to empower you to make the right decision for your future. For more information about how to find the right contractors insurance for you, call us at (516) 294-1072 – we can get you a free quote and advise you on the best available policies that apply to you.