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Commercial auto insurance NY is a must in the modern business world. So many businesses large and small use vehicles in their day to day operations that commercial auto insurance just makes sense because of the amount of travelling business vehicles do. More than that, commercial auto insurance NY is required by law.

Why Would You Need Commercial Auto Insurance NY?

Aside, from the fact that it is required by law, you want commercial auto insurance NY for the same reason that you want any other type of insurance. You want financial protection. Many businesses need company vehicles to complete their daily business operations. With employees driving these vehicles for business purposes, the insurance needs fall to you.

You have to remember that there are minimum requirements. It is the law that every commercial vehicle owner purchases a commercial auto insurance policy with a minimum amount of liability defined by the state. This minimum limit should only be your starting point.

How Much Coverage Do You Need?

There are so many factors that go into answering this question that you will need someone to guide you through the selection process. You may want to cover all vehicles owned by the company or those not owned by the company but used for business purposes. After you decide what vehicles you want covered, you will need to complete some basic calculations to decide how much you need.

Your coverage needs will depend on the size of your business, the number of commercial vehicles you have, and other factors. We at Colstan & Associates will discuss the importance of all these factors with you and listen to your concerns so that if you qualify for our policies then you will end up with a policy that gives you the coverage you need to run a successful business. We will get you the maximum coverage for the minimum price. When you need commercial auto insurance NY, auto insurance NY, boating insurance NY, or garage insurance NY, call Colstan & Associates for insurance done the right way.

Commercial auto insurance NY is a must in the modern business world. So many businesses large and small use vehicles in their day to day operations that commercial auto insurance just makes sense because of the amount of travelling business vehicles do. More than that, commercial auto insurance NY is required by law.

Why Would You Need Commercial Auto Insurance NY?

Aside, from the fact that it is required by law, you want commercial auto insurance NY for the same reason that you want any other type of insurance. You want financial protection. Many businesses need company vehicles to complete their daily business operations. With employees driving these vehicles for business purposes, the insurance needs fall to you.

You have to remember that there are minimum requirements. It is the law that every commercial vehicle owner purchases a commercial auto insurance policy with a minimum amount of liability defined by the state. This minimum limit should only be your starting point.

How Much Coverage Do You Need?

There are so many factors that go into answering this question that you will need someone to guide you through the selection process. You may want to cover all vehicles owned by the company or those not owned by the company but used for business purposes. After you decide what vehicles you want covered, you will need to complete some basic calculations to decide how much you need.

Your coverage needs will depend on the size of your business, the number of commercial vehicles you have, and other factors. We at Colstan & Associates will discuss the importance of all these factors with you and listen to your concerns so that if you qualify for our policies then you will end up with a policy that gives you the coverage you need to run a successful business. We will get you the maximum coverage for the minimum price. When you need commercial auto insurance NY, auto insurance NY, boating insurance NY, or garage insurance NY, call Colstan & Associates for insurance done the right way.

The reasons why Business Insurance policy is a necessity is that it protects your business from 3rd party liability, and it also protects your assets from fire, water damage, vandalism, theft etc.   There are premiums that are paid to the Insurance Company; either monthly, quarterly, semi annually, or annually.

Third party liability is when a client, or a prospect gets injured on your premises or near your premises, and demands a monetary amount to help pay for medical bills, and also large amounts of money to help heal the wounds from the injury.  This is a way to protect your business, and or personal assets to purchase Business Insurance Policy, so that you transfer your liability to an Insurance company.

Also, with Business Insurance usually called BOP (Business Owners Policy) you usually get a bundled coverage that you normally would not buy ala carte, nor even think on purchasing. That is why companies bundle coverage, because it’s that it’s looking to attract prospects to buy their product.

With Business Insurance policy you also get contents insurance which you get to choose the amount of contents, keeping in mind that if you pick less amounts than it costs to replace your contents Insurance companies will place co-insurance clause, and you will get hurt monetarily once the clause kicks in.  So when talking to an Insurance agent, ask them if this will affect your co-insurance clause in your policy.

The things that you might get in a Business Owners Insurance policy, which you might not consider on insuring:

1)         Money & Securities

2)         Sewer Back up

3)         Employee Dishonesty

4)         Equipment breakdown

5)         Sign coverage

6)         Loss of Income - check policy for limitations or exclusion (Some companies give up to one year.)

7)         Goods in Transit (very limited coverage)

Please keep in mind that all Insurance companies have their own forms and conditions.  Please read before purchasing a policy so that there is no misunderstanding.

Contractor’s Insurance provides protection to contractors against most of the legal actions and similar liabilities coming along their way at workplace. A contractor is liable for the injuries to workers caused by accidents that happen at workplace. Therefore, it is important for all contractors to cover them with a contractor’s liability insurance.

Getting Contractor’s Liability Insurance provides peace of mind to contractors and protection from financial losses incurred in paying compensation to workers after a lawsuit. It is almost mandatory for contractors engaged in large upscale industries like construction and manufacturing. These places employ a majority of employees working under potentially dangerous places. They are more prone to accidents. In such cases, contractors have to ensure the protection through proper general contractors insurance.

Contractor’s Insurance is also necessary for all subcontractors working under a general contractor. It is important for the general contractors to ensure that all their subcontractors are insured with general liability insurance.

Contractor’s insurance is requirement for companies. No matter your workers are recruited by your or hired from labor consultancies, you are liable for all their injuries at workplace. Therefore, buying contractor’s insurance is beneficial for you (as a contractor), your company, and your workers too. In case of any accidents, you will get financial coverage as written in your insurance contract.

While choosing contractor’s insurance, you need to consider three critical factors:  Insurer, Coverage, and Rates. Colstan & Associates provides contractor’s insurance to contractors in the following areas of Northeast:

§         NY (New York)

§         NJ (New Jersey)

§         MA (Massachusetts)

§         NH (New Hampshire)

§         PA (Pennsylvania)

§         CT (Connecticut)

§         VT (Vermont)

If you are a contractor from any of the above states looking for a suitable contractor’s insurance, you can contact Colstan & Associates for your insurance needs. Our more than two decades of experience in providing different types of personal and commercial insurance proves our skills.

Give us a call on (516) 944-7520 or complete our online form to get started.

Gas Station insurance – Are you in the market for a new gas station Insurance, or opening one a new gas Station.   If so, call Colstan & Associates for a quote on your tow truck insurance, garage insurance, car wash insurance, body shop insurance, gas station Insurance

We can customize the policy to meet your insurance needs.

Can offer building coverage, Contents Insurance, Money & Securities , Inland Marine Insurance, Garage keepers Insurance, Business property Insurance, Employee dishonesty coverage, Loss of income, Low monthly payments, Low down payments, Great customer service, Prompt claims service, Boiler coverage, Hired n non owned autos.    Let us help you customize your policy to meet your needs, and your clients’ needs.

To get a quote please click here and we will get basic info to start the process 

Types of Insurance policies we offer

Colstan & Associates is a Property & Casualty Agency, serving New York, New Jersey & Connecticut.   We provide personal auto insurance, homeowners insurance, Business Insurance, inland Marine Insurance, Commercial auto insurance, Life Insurance, Group Health Insurance, Long Term Care Insurance.  We services thousands of clients each and every day with top quality service. You owe it to yourself for a free price quote, and you can save hundreds from your current policy.

Risk Management is very importance aspect for every business. It deals with discovering, observing, and minimizing any possible chances of risk that may cause some damage (physically or economically) to the business. Nowadays, business owners, entrepreneurs, and even small businessmen are trying to minimize all possible risk caused by known or unknown reasons.

One common risk management approach adopted by all people associated with business is Commercial Insurance. Through different variants of commercial insurance like General Liabilities Insurance, Commercial Auto Insurance, Workers Compensation Insurance, Disability Insurance, Demolition Insurance or Contractor’s Insurance, people secure their business from all incoming risks in future. It is not wrong if we say that commercial insurance is playing a major role in smooth operations of several business entities.

One thing always comes in mind that how much risk a commercial insurance can cover. Well, that depends upon several factors. The most important factors are the selected insurance plan, the premium paid, as well as the objects insured under that particular plan. However, the premium paid is proportional to the total sum insured or the value of objects insured under the insurance plan. The role of expert insurance consultant is vital in this case. Expert professionals from commercial insurance field can assist you in selection of insurance plan or coverage that you need to secure all your belongings and that will save you the most money.

Commercial Insurance serves different purposes of business owners. If your business involves numerous workers working under a critical or high-risk environment like heavy construction, or strictly mechanical systems then “workers compensation” will be an essential need for your business. Your workers will get several benefits including economic aids as par the risk coverage plan in case of injury on job, part of lost wages, and support in case of permanent disability. In return, you will get protection from civil lawsuits by employees over such workplace injuries. So, it’s a mutual benefit situation for both employees and employers.

By adopting multiple commercial insurance plans for your business, you can formulate a risk free or minimal risk working and business environment causing immense growth to your business in long run. Even, you do not have to worry about the financial loss caused by accidents or other dangers.