Having an accident involving injuries is no fun, but having it affect your finances for years is simply unacceptable for a business. That’s why general liability insurance in New York is an important part of a corporation’s financial planning. Losses on the balance sheet happen, but risk needs to be controlled as much as possible. That’s why large companies carry a variety of insurance packages such as the following:
- Professional liability
- General liability
- Workers compensation
- Employment practices liability
- Directors and officers liability
Liability policies cover potential financial losses resulting from accidents, injuries, and alleged financial loss on the part of an individual.
What General Liability Looks Like
Accidents happen. Firms seeking general liability insurance in New Yorkwant to cover everything from motor vehicle accidents in a company car to construction site disasters. When property is damaged or a person gets injured, a claim is likely to be filed. The insurance will take care of any problems so the individual employee’s personal finances are not ruined. It will also pay for things like medical costs and repair costs.
Different General Liability Packages
General liability insurance in New York can come in many forms. The consumer has more and more choices. Top companies strive to be flexible, offering tailor made packages depending on the company. For example, a small plumbing company doesn’t have the same risks as a manufacturer of planes. The size of the company payroll, the desired deductible, and the company profile can also help select the best insurance carrier.