General Liabilities Insurance NY

 

General liabilities insurance NY is meant to protect businesses.  In the event of a lawsuit, a business needs to have the ability to pay out large sums for injuries or damages if it is necessary.  The policy will cover what a business owes in damages and what it owes in legal costs up to the amount that the policy stipulates.

 

Bodily Injury And Property Damage

 

This type of coverage pays out when someone is physically injured on the business's property.  It can also cover the cost of damages to a customer's property by any employee of a business.  The costs of the damages that can happen and even more so of the medical expenses that can accumulate as a result of a physical injury are covered by this type of policy. 

 

Legal Costs

 

General liabilities insurance NY will cover more than just bodily injury and property damage.  It will also cover the legal costs that go along with a lawsuit.  Businesses get sued sometimes.  It is a fact of the business world. 

 

These costs are quite substantial and have to be paid somehow.  Some of the costs that may be incurred in the course of a lawsuit include attorney's fees and the many court costs that go along with the litigation process.  In addition, the legal cost coverage extends to monies lost due to court appearances as well as bonds or other payments that the legal process brings up.

 

Levels Of Coverage

 

The level of coverage that you choose will be up to you, but you don’t need to worry.  We at Colstan & Associates can help you to determine how much coverage you need when it comes to general liabilities insurance NY, workers compensation insurance NY, and group insurance NY.  If you qualify for one of our comprehensive policies then we will help you by showing you all the specific policies we offer that can give you the appropriate level of coverage and we can do it all while looking out for your business's bottom line.