Commercial/Business Insurance at Northeastern Group
Commercial business insurance provides wide-ranging protection for businesses and their subsidiaries under various policies. There are various types of commercial business insurance that takes care of property, liability and workers’ compensation, to name a few. While property insurance covers damages to business property and products stored within the premises; liability insurance provides coverage for damages to third parties; and workers’ compensation insurance covers injuries to employees.
NORTHEASTERN GROUP represents top-of-the-line Insurance carriers and offers custom insurance programs for all types of business insurance needs. Regardless of the size of your business, we can tailor programs to fit your needs. We’ve assisted consumers and businesses in their search for affordable business and commercial insurance in New York for years.
NORTHEASTERN GROUP offers the following business insurance products and services:
Business Owners Package (BOP)
Some, but not all of the policies, will also offer business income and extra expense protection after an insured loss. BOP policies do not contain all of the coverages needed by a small business. Notably they do not cover any workers’ compensation, professional liability, or business vehicle coverage.
Business Interuption Insurance
Commercial automobile insurance policies are not regulated in pricing, as are private passenger policies. There is price competition between insurance companies for good commercial automobile insurance.
Commercial Property Insurance
Commercial Umbrella Insurance
Contractor's General Liability
We offer contractor policies for every type of project:
- Builders risk insurance and course of construction
- Liability insurance
- General liability insurance
- Contractor insurance
- Commercial auto
- Workers’ compensation
- Railroad protective
- Equipment insurance
- Contractor bond
Directors & Officers Liability
Directors and Officers Insurance is often confused with Errors & Omissions Liability. The two are not synonymous; Errors & Omissions is concerned with performance failures and negligence with respect to your products and services, not the performance and duties of management. Generally it is a good idea to carry both Directors and Officers Liability Insurance and Errors and Omissions Liability Insurance.
Employment Practices Liability (EPLI)
Discrimination, Wrongful Discharge, Sexual Harassment, Hostile Working Environment, Wrongful Termination and/or Lack of Advancement.
The liability you select, whether it is one, two, or three million dollars, determines the cost of general liability insurance. Also factored into the rates are the kind of work undertaken, gross receipts and total payroll expenses. Similar to auto insurance, when it comes to general liability insurance, you will first have to make a down payment and then follow it up with installments. Before buying general liability insurance, it is best to compare the quotes available in the market.
It is the business owner’s or general contractor’s job to make sure that the people working under him/her are covered by an insurance policy. If for example, a person who is not a part of the project gets injured, the injured person’s lawyer can target just about anyone involved in the project. The more individuals that are involved, the greater the chances of a successful lawsuit.
Hotel & Motel Hospitality Insurance
Hotel insurance includes a multitude of coverages specific to the needs of a hotel manager or owner.
Inland Marine Insurance
OFF-SITE PROTECTION FOR YOUR VALUED ASSETS
Your products and equipment are the backbone of your success as a company. From transported goods and hauled equipment to storage items and even construction tools, it is important to keep your investments protected. With Inland Marine coverage, you can avoid damages sustained in the event of accidents, theft, vandalism, or total loss.
At Adams Insurance Agency, we are dedicated to providing the coverage your business needs for the asset protection it deserves. Our Inland Marine policy insures that when your business is on the move, we will protect certain items, such as:
- Transported Property
- Computer Equipment and Data
- Contractor’s Tools
- Buildings Under Construction
WHAT INLAND MARINE CAN DO FOR YOUR BUSINESS
No matter what business you are in, an accident can happen at any time. That is why it is important to have an Inland Marine policy from Adams Insurance Agency to provide your business with the appropriate coverage it needs during transit.
Since Inland Marine covers items outside of your standard Business Property Insurance policy, having additional coverage to keep your equipment insured off-site is critical. This coverage can also extend to protect your business’ goods or equipment when transported by ocean and air, also known as Ocean Marine.
Contact an Inland Marine specialist at Adams Insurance Agency today to find out how your business can insure its most valuable assets while working or traveling off-site.
Owning an investment property brings with it a large degree of liability. In addition to the building itself, you may be responsible for injuries received by others while they are on your property. You could also be held responsible for damage to their belongings.
Bar, Tavern, Nightclub, Fraternal Club, Convenience Store, Liquor Store or Restaurant.
Most business owners policies include limited product liability coverage. If, for some reason, you do not have this coverage through a business owner’s policy and your product runs the risk of inflicting harm on other people, you may need to buy product liability separately. Similarly, if your product presents a higher risk of injury (for example, it contains a hazardous material), you may need to purchase additional coverage.
Professional Liability (Errors & Omissions)
Eligible classes include, but are not limited to:
- Fine Dining
- Casual Dining
- Fast Food
- Ethnic Cuisine
- Coffee Shop
- Micro Brewery
Wholesalers & Distributors
Our programs for wholesalers and distributors include detailed risk assessment and loss control expertise that can help reduce insurance costs for everyone from the small supplier to the large distributor.
By law, most employers are required to provide coverage for lost wages and medical bills incurred as a result of on-the-job accidents or illnesses. For many businesses, this coverage is the largest part of its insurance expense.
Contact Northeastern Group today and get the protection your business needs and deserves!