When your business gets extra busy, you may need to bring in extra contractors and sub-contractors. Before you do that, you should check on the terms of your New York workers compensation insurance or speak to your agent to see where you stand with contractors on your premises. You should also check in with the contractors themselves to see what kind of coverage they carry.
What would you do on a day when you arrived home to discover that you’ve been burgled? Most of us probably don’t think about the steps to take before we experience something like this. However, as with most situations that involve your Manhattan insurance, speed is of the essence if you want the best shot at the most positive outcome you can achieve.
As a business owner in New York State, it constantly amazes me how the state can come out with rate increases of this magnitude. They keep saying the rate increases are warranted and required but provide no real reason why. When they say, “Average rate increase” this actually means, in some cases, the rate increase could be 15% to 20%.
New York workers compensation insurance is designed to offer financial back up in the event that one of your employees is injured on the job. However, as with most situations of this nature, prevention is always the better option, so you need to be looking at your workplace and general work practices, and doing everything you can to minimize the chance of accidents.
In the excitement of purchasing a new place, you may not fully realize what is or is not insured. For instance, you might assume the structure of your unattached garage is included in your homeowner’s insurance policy. While it’s true that generally speaking standard home policies include coverage for garages and other structures on the property, it is a good idea to double-check on your NYC home insurance policy inclusions with your agent. Unattached garages need coverage as well as attached garages. Another thing you should be concerned about is coverage for the contents of your garage.
Some people do not get the insurance coverage they expect nor understand the coverage they are paying for. Homeowners may make assumptions about their insurance coverage without understanding the specifics of their New York property insurance. As a homeowner these insurance tips may help to clear up some of the mysteries surrounding your insurance policy.
Suppose one of your company’s construction workers is injured on a construction site while sub-contracting for another company. Your worker decides to file a lawsuit against the sub-contractor for not maintaining a safe workplace.
Even though home owners may select proper coverage for their home, they still cannot predict natural disasters. As a homeowner, a fire down the street could easily spread to your home by winds carrying embers, and you may find yourself picking up the pieces after a disaster. You could come home from vacation to find an empty house after thieves have cleaned you out. Make sure your NYC home insurance coverage is adequate.
Almost everyone thinks of their home as their castle, and perhaps you do as well, but where would you be without all your possessions – your furniture, personal computer, the camera for family photos and the TV you watch every night? These personal property items may be insured under a homeowners’ policy, within certain policy limits. Most of us work hard to make a living, put food on the table, educate our kids and buy personal possessions, and it’s important to have New York property insurance to cover cherished belongings in the event of the unexpected.
For many people, their home is probably the biggest financial investment they’ll make in their lifetime. Therefore, if this applies to you, your NYC home insurance should be well thought out and cover your needs if the home becomes damaged or destroyed. A lot of people purchase homeowners’ insurance, sign the form and pitch the policy in a file drawer thinking everything’s done.
