You’ve got yourself a new business. Congrats! Owning a new business is a major milestone in anyone’s career, and it’s for that reason you’ll want to make sure you’re properly protected with business insurance and have an advisor that is there for you as you grow.
You may be asking yourself “Why do I need business insurance?”, but once you learn what business insurance is all about you’ll see why businesses need insurance and that it’s nothing short of essential to make sure you have some of your own.
Read on to learn more!
1. You Protect Your Employees
Your employees are your most important assets when it comes to maintaining and growing your business. That said, they deserve to be protected while they work in your company or warehouse.
In New York, it’s required that you have Workers’ Compensation and Disability Benefits insurance if you hire employees. These two coverages within business insurance can take care of your worker so if anything happens to them on the job, both you and they will have the finances needed to help them heal and get back to work.
2. You’re Protected Against Natural Disasters
Your business, like many others, is only one natural disaster away from being shut down. No one can control bad weather, and worse still, no one knows when the next disaster will strike. That said, business insurance can be there for you by providing monetary relief should natural disasters damage your building or wares.
Get the benefit of a knowledgeable local agent by working with a local Brooklyn insurance brokerage like Lincoln Brokerage as we offer some of the best commercial insurance options specifically designed for businesses in the area. A local brokerage will understand the risks, local processes, and details required to pass local inspections.
3. It Protects You From Lawsuits
Lawsuits can happen to anyone these days, and small businesses like yours are no exception. Without any protection, your business could stand to lose countless dollars – maybe even enough to close up shop. To keep that from happening, you’ll want to rely on business insurance like a professional liability that will help pay for any lawsuits that come your way.
Another great insurance coverage to be aware of as a New York business owner is a Business Owners Policy (BOP), which combines property and liability insurance into one package. It’s a smart way to combine the insurance you need to keep your business up and running.
4. Protection from Vandalism and Theft
Vandalism and theft are common occurrences for small businesses, especially in the midst of the big city. The good news is that they can be treated as little more than a minor inconvenience when you have business insurance covering you. Your insurance will help pay for the property damage and replace what’s lost, so you can get right back to doing what you do best!
Now You Know Why Businesses Need Insurance in Brooklyn
Now that you know the answer to why businesses need insurance, there’s no reason for you to walk around without any insurance of your own. The next step is to find a company that can offer you business insurance in Brooklyn so your capital and wares are protected. Luckily for you, you won’t have to look any further.
Lincoln Brokerage is an insurance agency that offers only the best premiums to our clients to make sure they stay protected – no matter what happens. We offer multiple forms of business insurance, including commercial property insurance, general liability, Workers Compensation, cyber insurance, and much more.
Check out our site to learn more about what we do, or reach out if you’re ready to receive your free quote. Let’s take the first step in making you a leader in your industry!