In Brooklyn, businesses range from restaurants, retail stores, construction companies, building owners, mom and pop shops, offices — you name it!
We are confident that we know how to protect businesses in New York because we also run a successful business in New York with locations in Manhattan and Brooklyn.
We get what you do because we do it. Payroll, Taxes, Benefits, Staffing, NYC Regulations, Permits, Certificates of Insurance, Leases - Who better to understand your needs than a business that lives and operates in your world.
You are proud of the work you do and we are proud of the work we do for our clients. Let us take care of your insurance needs so that you can better spend your time running your business.
Our licensed insurance staff is locked in with small business owners and they understand what it means to protect your business.
Our professional services are more inline with being insurance advisors because we don’t take insurance requests at face-value. We work to understand your overall risk, and possible gaps in your insurance coverages, when you reach out about a business insurance quote!
Have you seen the cost of not having insurance in the case of an accident? When was the last time you checked to see what an attorney charges by the hour? The majority of claims are well into the 6-figure range, so trying to handle them out of pocket isn’t even an option. When it comes to protecting your business we find the best solution in between cost and coverage.
While cost is a factor for any business, we also look to make sure you are adequately protected should your business suffer a claim. Do your limits meet your needs? Do you have enhanced coverage for typical claims that aren’t always covered by a standard policy? When was the last time your insurance broker actually saw your operation? What kind of additional coverage do you have to reimburse you for additional expenses while your current locaiton is being repaired as a result of a covered claim? Do you know your Cyber Liability exposures and do you have insurance to cover it? Did you know that New York State requires mandatory Sexual Harassment training - Do you have Employment Practices Liability Insurance?
Your business is important to you and we treat your business as if it were our own.
The sister coverage to Workers Compensation - Also required by NYS if you have employees but this coverage responds to injuries to employees that occur off the job. The statutory benefits in NYS are relatively low but the coverage is still required. This policy can also provide the mandatory NYS Paid Family Leave coverage as well. Super important, often overlooked, and the source of many conversations with existing clients and prospects.
While not “required” this is an important coverage for anyone that performs a service for others. There is no other protection for you with respect to “Your Work” unless you obtain Professional Liability. While we have most conversations about this with Lawyers, Accountants, Consultants, and Tech Firms this is a coverage that we should discuss - Let’s talk about what you do and figure out if you need this valuable protection.
You don’t just need to own a commercial automobile to have a commercial auto exposure. People miss this all the time - Think car rental, car for hire (livery, uber, taxi), employees vehicle for business use - Your personal vehicle while on a business appointment. We have seen auto claims at that emanate from companies that never thought they had an exposure - You don’t want to wait until after a claim!
Inventory is usually pretty straight forward but when was the last time you evaluated your entire property exposure? Did you invest in improvements in your rental space? Have you made substantial improvements to your building over the years. Understanding what Property Insurance actually covers is super important in determining a coverage limit that is adequate. Let’s have a conversation about it.
So important to any operation and not just because it would be mandatory in any lease that you execute. Every business needs to make sure they have adequate liability insurance to cover them from claims made by others. Bodily Injury and Property Damages to others is the simple definition of General Liability. And if you think you don’t have much of an exposure I would ask you when the last time you reached out to an attorney to find out what they change per hour? General Liability Insurance, among other things, provides for your defense of a covered claim - This is the largest source of cost that we have seen on liability claims - While actual judgements are certainly on the rise, the legal costs are sometimes even larger.
Sexual Harassment, Failure to Promote - There are so many pitfalls that you are exposed to as an employer - especially in New York. Are you covered? For small business the cost isn’t as much as you think - For larger business, there are many more options in the marketplace.
You can’t watch the news without hearing about another data breach. Cyber Extortion, data restoration, statutory notification requirements - Have you ever had your Cyber exposure evaluated? Cyber liability is important for all types of businesses. Insurance is an important part of any business operation and should be taken seriously by people that specialize in handing business insurance. Lincoln Brokerage has roots that go back almost 100 years in Brooklyn - Small business is our business.