Business & Commercial Insurance

Running a business in Plainview, New York, has its share of risks. From natural disasters to legal liabilities, the potential for unexpected events can threaten the stability and success of any enterprise, making business insurance essential. Whether you’re launching a new business or seeking better rates and coverage for your current insurance, Affiliated Agency is here to help you find the ideal policy for your needs. Call us today to explore your options.

What Is Business Insurance?

Business insurance, also known as commercial insurance, is a type of coverage designed to protect businesses from financial losses due to unexpected events during normal operations. These events can include lawsuits, natural disasters, accidents, theft and more.

What Does Business Insurance Cover?

Business insurance typically includes a range of protections to help safeguard your company from various risks. The following are some common types of coverage:

• Commercial property insurance—This can protect your business property, including buildings and contents, against risks like fire, theft and natural disasters.
• General liability insurance—This may cover legal liabilities arising from accidents causing third-party bodily injuries or property damage, as well as personal and advertising injuries, such as libel, slander and false advertising.
• Business income insurance—This can help replace lost income and pay for ongoing expenses if your business cannot operate due to a covered event.
• Workers’ compensation insurance—This may provide benefits to employees who are injured or become sick due to their job.
• Professional liability insurance—This is also known as errors and omissions (E&O) insurance and can cover claims related to allegations of professional mistakes or negligence.
• Commercial auto insurance—This may cover incidents involving vehicles used for business purposes.
• Cyber liability insurance—This can protect against the financial consequences of data breaches and other cyber threats.
• Employment practices liability insurance—This can cover claims related to improper employment practices, such as wrongful termination, discrimination and harassment.

How Does Business Insurance Work?

Business insurance transfers financial risk from the business owner to the insurance company. In exchange for regular premium payments, the insurer may agree to cover specific losses defined in the policy. When a covered event happens, the business owner can file a claim and the insurance company evaluates the damages, potentially providing compensation according to the policy terms.

Choose Affiliated Agency

With business insurance from Affiliated Agency, you can operate confidently, knowing your business is protected. Contact us today or request a free quote.