Comprehensive Commercial Insurance in New York
Protect your New York business from risks beyond your control with the right kind of business insurance and coverage. Call the Drake Insurance Agency for a free Business Insurance quote today.
Business Insurance
Business Insurance in New York
Contrary to how many business owners feel about insurance, it is not just an added cost that is to be kept at the minimum just to satisfy the state requirement. It is an important protective tool against risk. It reduces the financial consequences of unforeseen events like accidents, fires, thefts, or others that are beyond your control.
Business Insurance - Coverage Benefits
Aside from the obvious protection insurance coverage offers against certain incidents, business owners can also get a range of other benefits that may not be as apparent:
Other policies like health insurance coverage have the ability to attract more applicants, giving business owners more leverage when choosing the employees that are right for the job.
Business owners can borrow against equity in their life insurance policy or their retirement funds to raise the necessary capital for starting or growing their enterprise.
Insurance coverage can help improve a business owner’s bank or supplier credit.
Get the Right Coverage For Your Business
If you’re a business owner in New York, it’s no longer a question of whether you should get insurance. The question is how to choose the insurance that’s right for your business’s needs and goals. Here are two steps to help get you started.
Insurance planning is an important first step in getting the right coverage. To better cover all the legal requirements, while also taking into account the particular needs of your business, it’s best to work with experienced insurance consultants. You’re already on the right website.
Risk assessment is also critical in choosing the right coverage. Even direct competitors in an industry will face a different set of risks compared to each other. Make a list of the possible risks. Make sure you cover the risks that may cause the largest loss first.
Get the Right Coverage For Your Business
When it comes to small businesses, New York is leading the nation. The state has more than 2 million small businesses. Small businesses make up 99.75 percent of all businesses—the third-highest percentage of small businesses in the US. This adds up to employment for 4 million people, or half of New York's private workforce. New York can be especially proud of its diversity among business owners, as more than 700,000 of its small businesses are minority-owned.
With an estimated 14,000 new small businesses opening every year, New York is a fertile ground for entrepreneurs. While New York’s growth in small businesses is strong, New York has strict insurance requirements. It is essential for small business owners to be aware of all small business regulations in the state.
Top insured industries on Long Island, New York
Small businesses throughout New York's most prominent industries can find coverage at Worth, which offers tailored insurance to each business's specific needs and risks. Some of the most common New York business owners insured with us include cosmetologists, photographers, event planners and promoters, interior painters, and business consultants.
Get A Business Insurance Quote In Minutes.
Call The Drake Insurance Agency, Live Chat or Online Form.
Talk to a Commercial Insurance Expert
Our team has been working in the financial industry for 20 years now. We understand how important it is to work with a company that you can trust – whose services are reliable and effective. The Drake Agency can help you identify the types of insurance your business needs and offer you the best deals at the same time.
MOST ASKED QUESTIONS
Commercial Insurance Frequently Asked Questions
Get the Commercial Insurance your business needs.
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Call The Drake Insurance Agency
Whether you need insurance policies to cover your home or your vehicle in New York, you can work with The Drake Insurance Agency to make sure you get the best coverage.
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(516) 916-4020
(631) 557-4680
(212) 324-3025
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