Business Insurance Nyc

Business Insurance Nyc
Diamond Driller Named W.Va. Business of the Year
A West Virginia diamond core driller is being recognized as the state’s family-owned small business of the year.
Independent Insurance Agency New York



What kind of business insurance is needed for a small business retail store?

& on average, how much does it cost (it will be in Brookly/NYC)

You will need workman’s compensation which will vary on the amount of employee wages you pay. You will also need to have liability insurance in case a customer gets hurt in your store. Typically people will get a commercial pack which includes your liability insurance and insurance on your store contents which will cover your merchandise and your fixtures and store interior. Your landlord may also require you to have an additionally insured clause on your policy which means your insurance will pay for any damage caused to the building due to you. Your commercial pack will vary depending on the amount of merchandise, the type of building, the cost of your interior and other variables. If you have $100,000 of inventory and $100,000 in interior and fixtures your policy my be in the $2000.00 a year ballpark. The additionally insured clause is pretty reasonable about $50 a year or so.