Commercial Insurance Options for Your New Business

New businesses deserve a high level of protection that keeps them safe from various risks. If you’re in this category in Brooklyn, NY, and you aren’t sure where to turn, you can contact us at VAC Insurance Agency right away to learn more. 

Insurance Types to Debate Getting 

Finding commercial insurance can seem like a major headache and is something that impacts many new and struggling businesses. As a result, you need to narrow down your options to those that make the most sense for you, including:

  • General Liability Protection – General liability protection protects you from claims of bodily injury and property damage from your customers. This option helps to keep you safe from lawsuits. 
  • Professional Liability Coverage – Did your employees make mistakes that caused an error or omission in service? You need this type of liability to protect yourself from disappointed customers. 
  • Income Coverage – When you’re a small business, any type of interruption can impact your success and even drive you out of business. Thankfully, this coverage can protect you. 
  • Property Insurance – If your property or facility gets damaged as a small business, you’re going to end up suffering. Thankfully, this protection will keep you from suffering too much. 
  • Compensation Policies – You need to pay for workers’ compensation policies for your employees, even if you’re a small or new business. It’s against the law not to do so. 
  • Other Insurance – Don’t neglect commercial auto insurance, data breach protection, employment practices liability, a business owner’s policy, or umbrella liability protection. 

New Businesses Need Help 

If you’re a new business, and you want to avoid long-term complications, it may be necessary to contact us at VAC Insurance Agency to learn more. We serve Brooklyn, NY, and many of the surrounding Burroughs and will do what we can to help you get great coverage. 

How Home Insurance Protects Your Guests

If you have home insurance, you may not realize exactly how much protection it can offer to those who are visiting your home. Actually, home insurance can do a lot to help your guests and ensure they have protection just like you do.

So, exactly how can your home insurance protect the people in your home? VAC Insurance Agency providing service to Brooklyn, NY can help you.

Home Insurance Covers Stolen Items

If your guest has items stolen from your home, you may be surprised to learn that your home insurance can help cover some of these items. Your policy may cover some items stolen from your property, even if they were not inside your home. Each policy is different, and it’s important that you read the documents of your policy.

Home Insurance Covers Vandalism

In some cases, vandalism also extends to property owned by guests at your home. If somebody spray paints items on your porch, for instance, you may want to know if your policy covers those items. Your documents will help you determine if your guest’s items are covered.

Home Insurance Covers Injuries

If somebody is injured at your home, their medical bills may be covered by your home insurance policy. For instance, somebody might trip over a step and break their wrist when they fall. Your insurance may protect you from a lawsuit to cover medical bills while potentially covering medical expenses.

Protect Your Guests With Home Insurance

If you live in Brooklyn, NY, VAC Insurance Agency can help you find the right policy to meet your needs and the needs of your visitors. When you have the right insurance policy, everybody is protected.

Flood Insurance in New York

A flood is when there is excess water is in areas that are usually dry. Although the chance of a flood is a real possibility in many parts of the USA, it is not covered under standard homeowners and renters policies in New York (NY) and needs to be purchased separately.  Depending on where you reside, the National Flood Insurance Program (NFIP), a federal program designed to assist communities, may be available. NY state is a member of NFIP.  You can purchase NFIP flood insurance through private insurers like VAC Insurance Agency serving the Brooklyn, NY area.

You can purchase flood insurance for homeowners, tenants, or business owners. Flood insurance can provide coverage for the following depending on your policy type and wording – structural damage, including water heaters, floor surfaces, and after flood clean up. Check your policy if you have any buildings not attached to the main dwelling to make sure they are included. Renter’s should check if your landlord has this type of flood insurance cover in place. An additional flood insurance premium will allow you to insure the contents of your home. Flood insurance policies offer limited coverage for business owners on their business buildings and contents.

Flood insurance is normally an annual premium and has a 30 day waiting period and therefore requires preplanning. It is also important to note that your flood insurance premium is affected by your flood insurance risk based on floodplain maps and whether you live in a special flood hazard area.

Please don’t get caught out in a storm. It is worthwhile consulting with the qualified people at VAC Insurance Agency serving the Brooklyn, NY area, about your flood insurance requirements for your property. Contact them today!

Which coverages should you focus on when starting a small business?

Starting a business, no matter how small, is a big step. The mere thought of bringing your idea to the world is not easy, and that’s why you want to take every step to protect your business once it’s on its feet. At VAC Insurance Agency, we recommend checking various business insurance policies, especially mandatory ones like workers’ compensation and general liability, to cover every possible scenario. Here are some of the critical business insurance to consider.

General liability

Every business needs general liability insurance to protect it from various claims. General liability insurance protects your business against lawsuits that could result from bodily harm or property damage. 

Workers compensation 

Worker’s compensation is mandatory for all businesses with employees. The policy covers your workers by paying for their medical bills and income lost when they get injured in their line of duty. It also pays for funeral expenses and lost income if someone dies while at work. You should get this policy if you run a risky business or your company involves working with many employees.

Professional liability insurance

While not all businesses have to carry this policy, it’s always a good idea to have one. Your new business is young and growing. At this critical stage, you’re working on building long-term relationships with your customers. Professional liability insurance ensures that you don’t close your Brooklyn, NY businesses when a client sues you for poor quality products, false advertisements, or late delivery.

Disaster insurance

Disasters hit everywhere, including your precious business. If you operate your business in an area that is prone to disasters, disaster insurance can be a great option to keep your business running.

Looking to buy the above policies for your new startup in Brooklyn, NY? VAC Insurance Agency can help you find a policy that matches your needs. Contact us for more information, questions, or new policy discussions.

New York Home Insurance – How to Storm Proof Your Home for All Seasons

When you live in New York, storms are a part of the life of living on or near the seaboard water. It can make you feel like your home insurance is a nightmare. 

At VAC Insurance Agency, we can help Brooklyn, NY residents storm proof their homes. Use these tips to storm proof your home, and you won’t stress nearly as often about your home insurance when those storm surges are on the horizon.

Fix Your Roof

Roof problems are an insurance nightmare, on a normal day of the week. During storm season, they cause even more stress. Before storms hit, make sure that your roof can handle that stress so that your insurance company doesn’t have to.

Storm damage to a roof can cause any problem from roof repair to massive flooding. It might also cause rot or mold, or major property damage. Fix your roof before the storm.

Clean Up the Landscape

When you are storm proofing is the time to clean up your landscape. Cut back any tree branches or foliage that might come down and cause property damage or a slip and fall liability.
Any landscaping that is near the home will need to be trimmed back or removed.

Clean Your Gutters

Heavy gutters from previous storms or seasons can be a mess when a storm arrives. It will be a mess at home, and with your insurance company.

If there is damage here and a storm hits, water flow might cause incredible flooding. 

Protect Yourself Today

When you are getting ready for a storm in Brooklyn, NY, you will feel overwhelmed. These are the most basic tasks to start with to storm proof your home. There’s only so much you can do when Mother Nature hits. Let us help. Call VAC Insurance Agency for a quote today to make sure your home is covered. 

Why You Need Flood Insurance

There are many types of insurance that are needed to protect your home from various disasters, accidents, and calamities. However, many people don’t think to add a flood insurance policy to their existing home insurance policy. However, most home insurance does not cover specific types of floods. This makes it essential to have a separate flood policy in case the worst should happen. To talk to an agent about flood policies, call us at VAC Insurance Agency in Brooklyn, NY.

High-Risk Flood Zones

There are many areas near bodies of water that are considered to be at high risk for floods. These areas are in places that are expected to flood on a basic schedule such as once every 10 years, once every 20 years, etc. These areas often come with mortgages that require you to have flood insurance on your home. You can’t even get the contract signed unless you agree to get flood insurance. But even if it was not required, homes in these areas should always have a flood policy. 

Low-Risk Flood Zones

If you are not in a high-risk flood zone, it’s still important to have flood coverage for your home. It gives you peace of mind so that you don’t have to get worried every time there is bad weather. It’s also important because floods can and do happen in low-risk areas. There is no area that can’t have a flood of some kind, so every home should have flood insurance. 

Getting Flood Insurance

If you don’t already have flood insurance on your home, it’s time to get it. Don’t be caught in a flood without coverage for it. To find out more about these policies, all us at VAC Insurance Agency in Brooklyn, NY.

Why do Brooklyn business owners need commercial insurance?

Anyone that is a business owner in the Brooklyn, NY area knows that there are a lot of opportunities to be successful. If you want to run a good business here, it is important that you find ways to mitigate your risks. One way that this is done is by getting the right insurance. A typical Brooklyn business is going to need to have a commercial insurance plan for a few reasons.

Businesses Need to Protect Assets

A reason that you will need to have a commercial insurance plan is that it can be used to protect your assets. Businesses today are going to need to invest in many assets to get their company off the ground. This includes major equipment, inventory, and a variety of other assets. If you purchase a commercial insurance policy, you are going to have the coverage that is needed to protect your assets.

Commercial Coverage is Often a Requirement

You will also need to have a commercial insurance plan as it is often a requirement. Those that are going to start and grow a business can find that raising money from the outside is quite helpful. However, when you do bring in outside capital, you often need to meet different insurance standards. Lenders, investors, and other interested parties will often have specific insurance requirements. 

When you are looking for a new business insurance plan in the Brooklyn, NY area, it is always a good idea to speak with the VAC Insurance Agency. There are always going to be a lot of decisions that need to be made as you are looking for commercial coverage. The insurance professionals with the VAC Insurance Agency will offer the support that is necessary for you to build and choose a new insurance plan. 

I Just Bought My House. Do I need Home Insurance?

If you own a house in Brooklyn, NY, you can’t afford to live in it devoid of proper home insurance. It’s prudent to safeguard your home and belongings to help you get on your feet following an unexpected eventuality. When shopping for a superb home insurance policy in Brooklyn, NY, you should look for a home insurance policy from VAC Insurance Agency to safeguard you and your dwelling.

Home insurance isn’t legally required in New York, but many home lenders require it as a prerequisite as long as the loan facility is outstanding. But whether home insurance is needed or not, it’s a worthwhile investment that every homeowner should consider. 

Why you need home insurance

Your home is likely one of the most precious assets you possess. As such, you need to secure it with home insurance. Here are reasons you need to invest in home insurance:

  • Protection of your assets: If your personal property in your dwellings, such as furniture, clothing, and electronics, are vandalized or stolen, personal property coverage helps to pay for their replacement after loss or damage from a covered peril.
  • Liability protection: If you or your family member are legally responsible for destroying other people’s property or inflicting injuries to someone, liability coverage comes in and helps cater for repair costs, medical costs, and possible legal fees.
  • Protection of your investment: Home insurance policy guarantee that your house is protected from unforeseen uncertainties such as explosions, storms, theft, fire, lightning, and other risks. The dwelling coverage protects the structures of your home, including floors, walls, and in-built appliances.
  • Safeguards your guests visiting your premises: The medical payments coverage pays for medical costs for the injured guests while on your property, irrespective of who is at fault.
  • Protects other structures: Unattached structures to your home such as gazebo, shed, and unattached garage are covered by adding other structures insurance in your home policy plan.

Your home insurance should be unique to your home and your needs. To learn more about home insurance policies, call or visit our offices at VAC Insurance Agency located in Brooklyn, NY today!

Flood Insurance Questions Answered To Help New York Residents Find Coverage

VAC Insurance Agency provides coverage to the Brooklyn, NY community. We recognize that each of our clients has unique individual needs. That’s why we offer custom policies. We are an independent insurance agency built on honesty and professionalism. We are confident that we can help find coverage to protect your assets in any situation.

Flood Insurance Questions Answered

You never know when a disaster may occur. Flood insurance gives you a safety net if severe weather passes through the area. Here is a look at some common flood insurance questions to help you find the right policy.

What Does Flood Insurance Cover?

Flood insurance is a special type of coverage that protects your Brooklyn, NY property if it suffers flood damage. The policy covers interior and exterior damage to your home, as well as your personal items.

Is Flood Insurance Add On Coverage?

No, flood insurance is not add-on coverage. You cannot rely on your home or condo insurance to protect you if your property suffers damage. Flood insurance policies are the only way to ensure you have full coverage.

Is Flood Insurance Only For High-Risk Areas?

No, even if you don’t stay in a high-risk area, you still qualify for coverage. Accidents can happen at any time, so you have to be prepared.

When Should I Look For Coverage?

You can find a policy at any time. However, keep in mind that there is a waiting period before your coverage starts. It’s not recommended that you wait until a few days before severe weather moves into the area to find coverage. You may risk being left unprotected if a disaster happens.

VAC Insurance Agency Will Help You Find The Coverage You Need

Visit our website to learn more information about flood insurance.  

Required Commercial Insurance in New York

Every state has laws about what types of commercial insurance are required for most businesses. While there are many other types of coverage recommended for certain types of businesses, only two are required. If you need required commercial insurance, contact us at VAC Insurance Agency in Brooklyn, NY.

Workers’ Compensation

This insurance type is required by state law for every business of every kind with any number of employees. This is in effect whether they are part-time or full-time. This coverage pays for the medical bills that become due after an employee is injured at work. This protects them by making these funds available to them after an accident, but it also protects your company. It pays those bills so that your business isn’t sued to recover them. 

Commercial Auto

Every business that owns a vehicle must cover it with commercial auto insurance. There are a lot of different types of commercial auto coverage that are required under New York law. These include specific monetary amounts in coverage that cover both one person who is injured and another for everyone who was. The coverage must also include a set minimum amount for death liability for one person and another amount for the death liability for everyone who dies in the accident. Another minimum amount is set for personal injury protection, which covers your own injuries in an accident. There is also coverage required for property damage that you are liable for. There is another minimum amount set for coverage for accidents with an uninsured motorist. This includes an amount for one person injured and another for everyone injured. 

Get Commercial Insurance Coverage

When you own a business in New York, it’s important to have the right kinds of commercial insurance to keep your company running legally. If you need commercial coverage, call us at VAC Insurance Agency in Brooklyn, NY.