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Business Insurance Archives - Horan Companies - CNY Insurance Agency

Blog Post - Group of People Men and Women Looking Shocked at Mobile PhoneGeneral Topics

Why does my insurance keep going up?

Have you ever thought to yourself or said aloud: “Why does my insurance keep going up?”. If so, you are like millions of others who have wondered the same. Every year, Car, Home, Workers Comp, Health, Umbrella, General Liability, and almost every other type of insurance increases in cost. What’s worse? You have done nothing to cause this. What can you do about it? Annual rate increases are something we’re very used to. In fact, we have been talking to our clients about this situation for years. Insurance carriers prefer we agents not pay so much attention to the price.…
May 9, 2022
Business InsuranceBusiness Owners Insurance

How does Co-insurance work?

Question #96 in 100 Insurance Questions in 100 Days Video Series https://youtu.be/nO5TC2tCW2c Coinsurance on a commercial insurance policy in New York can have a serious impact on any partial or total loss. This is a critical element in the insurance policy that can not be overlooked. Please review this video explanation so that you do not get caught blindsided.
November 10, 2017
General TopicsInsurance Terms

What are loss runs?

Question 89 in 100 Insurance Questions in 100 Days Video Series! https://youtu.be/s7l1_GpXgQk If you are a business owner, or an employee of one who has the responsibility of handling the insurance, you've probably been asked for these before. To see what loss runs are, and why it's hard to change insurance companies without them, click on this brief video explanation.
November 3, 2017
Business InsuranceGeneral Liability Insurance

How does Completed Products and Operations liability work?

Question 88 in 100 Insurance Questions in 100 Days Video Series! https://youtu.be/-c4Lv31AEE4 If you've ever delivered a product back to a customer after you've worked on it, or built something new for them, what would happen if you forgot to tighten the last screw? What if as a result someone was injured? How would that work on your insurance policy? Take a look at this brief video to learn more.
November 2, 2017
Business Insurance

Does a new business have difficulty getting insurance?

Question 87 in 100 Insurance Questions in 100 Days Video Series! https://youtu.be/JnMoP7GJV2c When beginning a new business there are many things that an owner must do. Many times the setting up of the insurance plan is an afterthought. However, this is something that should be met with extreme detail and coordination. This is the tool that will ensure your new business stays open. Getting a new policy might not be as difficult as you think.
November 1, 2017
General Topics

How come insurance rates go up after claims?

Question 86 in 100 Insurance Questions in 100 Days Video Series! https://youtu.be/iDW3YaakK6I Isn't that what insurance is for? Yes it is, and more. However, your rates are based on your past, if something in the future changes, so will the insurance rate. That is the nature of the insurance business. Find out more in this brief video.
October 31, 2017
General TopicsInsurance Terms

What’s a Declarations Page??

Question 42 in 100 Insurance Questions in 100 Days Video Series https://youtu.be/6TDWaSmLjY4 The place to see what you are actually covered for exists on your declarations page. This is where you find out how much protection you have (or don't have) for liability, property damage, physical damage, medical payments, and so much more. Your New York insurance policy hinges on the information displayed on these pages. If you don't see a charge for something you hoped would be covered, it probably isn't.
September 18, 2017
Business InsuranceEmployment Practices Liability Insurance

Should a business owner carry sexual harassment insurance?

Question 30 in 100 Insurance Questions in 100 Days Video Series. https://youtu.be/c9wyxU0saZc As a business owner, you are subjected to all of the missteps of not just yourself, but your employees and anyone else who sets foot on your property. Employment Practices Liability Insurance (E.P.L.I.) is a category of coverage you want to rank at the top when putting together your insurance portfolio. See the video and learn how this important coverage can shield your New York business from lawsuits stemming from sexual harassment, wrongful termination, failure to promote, breach of employment contract, and more.
September 5, 2017
Business InsuranceShort-term Disability Insurance

Does my business need short-term disability insurance?

When do we have to offer New York short-term disability benefits? https://youtu.be/B4iVajCYvCE New York short-term disability insurance is a required benefit. Anyone who runs or operates a business with employees must carry it. It provides a temporary benefit for anyone who becomes injured or disabled off the job. Unlike workers’ comp, where you end up getting hurt or ill due to something that happens while at work, this is coverage for anything that happens to you pretty much anywhere at any time. Rules for New York short-term disability Basic coverage equals 50% of the employees weekly pay. However, $170 per…
August 22, 2017