{"id":22,"date":"2020-09-30T04:00:00","date_gmt":"2020-09-30T10:00:00","guid":{"rendered":"https:\/\/www.vacinsurance.com\/blog\/?p=22"},"modified":"2020-09-30T21:28:16","modified_gmt":"2020-10-01T03:28:16","slug":"commercial-insurance-requirements-in-new-york","status":"publish","type":"post","link":"https:\/\/www.vacinsurance.com\/blog\/commercial-insurance-requirements-in-new-york\/","title":{"rendered":"Commercial Insurance Requirements in New York"},"content":{"rendered":"<p style=\"text-align:start\"><span style=\"color:#000000\">Business owners in New York, as long as they have at least one part-time or full-time employee, are required to carry state minimum commercial insurance coverage. While having commercial insurance may result in an additional cost for the business owner, it&rsquo;s a no brainer. Not only does commercial insurance provide coverage in the event of a disaster, but also it has auxiliary benefits that few think of, such as potentially improving your bank and supplier credit because you will be seen as a safer option to lend money too.<\/span><\/p>\n<p style=\"text-align:start\"><span style=\"color:#000000\">At the core, commercial insurance consists of two central tenets &#8211; workers&rsquo; compensation insurance and commercial auto insurance. Workers&rsquo; compensation insurance offers benefits to both you and your employees by providing monetary coverage &#8211; up to your policy limits &#8211; for workplace injuries and illnesses. Additionally, commercial auto insurance is required for any enterprise that has company-owned vehicles. If you require your employees to use their personal vehicles for company use, it is imperative&nbsp;to give serious thought to augmenting your commercial auto insurance policy with hired and non-hired insurance.&nbsp;<\/span><\/p>\n<p style=\"text-align:start\"><span style=\"color:#000000\">In addition to workers&rsquo; compensation and commercial auto insurance, your business may also want to consider additional coverage depending on the type of work done. For instance, companies that store consumer data or have a heavy online presence may also want to purchase commercial cyber insurance, which helps pay for the monetary loss associated with a data breach or cyber attack.<\/span><\/p>\n<p style=\"text-align:start\"><span style=\"color:#000000\">At VAC Insurance Agency in Brooklyn, NY, our trained and professional agents will take the time to learn about your business so we can make personalized policy recommendations and develop a tailored policy that meets your needs. Give us a call today to schedule your no-obligation and complimentary insurance consultation.&nbsp;<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Business owners in New York, as long as they have at least one part-time or full-time employee, are required to carry state minimum commercial insurance coverage. While having commercial insurance may result in an additional cost for the business owner, it&rsquo;s a no brainer. Not only does commercial insurance provide coverage in the event of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[5,7],"class_list":["post-22","post","type-post","status-publish","format-standard","hentry","category-commercial-insurance","tag-brooklyn-ny","tag-vac-insurance-agency"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vacinsurance.com\/blog\/wp-json\/wp\/v2\/posts\/22","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vacinsurance.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vacinsurance.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vacinsurance.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vacinsurance.com\/blog\/wp-json\/wp\/v2\/comments?post=22"}],"version-history":[{"count":1,"href":"https:\/\/www.vacinsurance.com\/blog\/wp-json\/wp\/v2\/posts\/22\/revisions"}],"predecessor-version":[{"id":23,"href":"https:\/\/www.vacinsurance.com\/blog\/wp-json\/wp\/v2\/posts\/22\/revisions\/23"}],"wp:attachment":[{"href":"https:\/\/www.vacinsurance.com\/blog\/wp-json\/wp\/v2\/media?parent=22"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vacinsurance.com\/blog\/wp-json\/wp\/v2\/categories?post=22"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vacinsurance.com\/blog\/wp-json\/wp\/v2\/tags?post=22"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}