How does Co-insurance work?

By | Business Insurance

Question #96 in 100 Insurance Questions in 100 Days Video Series 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.

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What is Mechanical & Electrical Breakdown Insurance?

By | Business Insurance

Question 93 in 100 Insurance Questions in 100 Days Video Series! Restaurant refrigeration suddenly ceases up and quits overnight due to a power surge. Equipment is damaged, food is spoiled, and you have to close for 3-days.  You’ve lost income, your staff has lost pay, inventory must be replaced, and the refrigeration needs replacing. Typical business insurance policy…what happens? Watch this brief video explanation to learn more.

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What are loss runs?

By | Business Insurance

Question 89 in 100 Insurance Questions in 100 Days Video Series! 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.

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Does a new business have difficulty getting insurance?

By | Business Insurance

Question 87 in 100 Insurance Questions in 100 Days Video Series! 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.

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Do I need to list non W2 employees on a New York Workers Compensation policy?

By | Business Insurance

Question 78 in 100 Insurance Questions in 100 Days Video Series? As a business owner, having to figure out who to put on a workers compensation policy and who not to, is probably not your idea of a good time. I can relate. However, in New York state we have some rules (surprise) and those rules say that if you are paying someone, they’d better be listed. The cleaner of your office, the person you hired for social media, the outside sales person, and more could end up needing to be accounted for. See this brief video explanation for more.

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Do business owners have to be listed on New York Workers Comp?

By | Business Insurance

Question 76 in 100 Insurance Questions in 100 Days Video Series! As a business owner you might not see a need to insure yourself on a Workers Compensation insurance policy. It boils down to weather you want to cover for lost wages if you become hurt on the job. Otherwise, it’s good old fashioned health insurance that will pay to put you back together! Watch this brief video to learn more.

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What is off premises utility interruption coverage?

By | Business Insurance

Question 75 in 100 Insurance Questions in 100 Days Video Series!   If you are a New York State business owner this is a must. If you were to lose power, or have no water, or be without heat…what would that do to your business? Would your sales suffer? Would you potentially have to cut hours for your staff? I assume that in order to operate you would need those utilities to be running smoothly. Sometimes there is a lengthy outage, and your business insurance policy can be the place to look to see if you might not have to…

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Can you get your staff more than the paltry $170/wk in New York short-term disability?

By | Business Insurance, Employee Benefits

Question 67 in 100 Insurance Questions in 100 Days Video Series! I don’t know about you, but I would not be able to survive on $170/wk even without kids and a wife. If I were to become injured or sick and not be able to work for a few months, and that was all I had to live off of…things would get ugly. However, many small business owners do not realize how simple and inexpensive it is to bring that $170 up to an amount more in line with what the typical persons expenses are. Watch this video to see…

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