Tag: Contractors Insurance

Do Contractors and Landlords need Action Over Coverage?

third-party-over action A type of action in which an injured employee, after collecting workers compensation benefits from the employer, sues a third party for contributing to the employee's injury. Then, because of some type of contractual relationship (Risk Transfer Agreement) between the third party and the employer, the liability is passed back to the employer by prior agreement. It is particularly important that New York Property... Read Article

5 Business Insurance Tips

Commercial insurance is insurance for your business. There are five main categories of coverage which include property insurance, general liability insurance, commercial auto insurance, workers compensation insurance and  umbrella insurance. Umbrella insurance is additional liability-type insurance coverage in case a claim exceeds your liability insurance limits. Before you start shopping for commercial insurance quotes for your business, you should know these five facts and talk to... Read Article

Hiring a Contractor: Handling the Contract

  The Contract Contract requirements vary by state. Even if your state does not require a written agreement, ask for one. A contract spells out the who, what, where, when and cost of your project. The agreement should be clear, concise and complete. Before you sign a contract, make sure it contains: The contractor’s name, address, phone, and license number, if required. The payment schedule... Read Article

How can I save money on my business insurance?

Here are five ways to save money on business insurance: Shop around. Prices vary from company to company, so it pays to shop around. Get the names of companies or brokers who specialize in your type of business. Call several so that you can compare prices and get a feel for the types of services they would provide. It's also important to pick a company... Read Article

NYSIF Safety Groups

A safety group is a loss sensitive insurance program that enables employers in the same industry to pool their insurance premiums with the goal of reducing the cost of workers' compensation insurance. It gives small and medium sized employers the opportunity to participate in the type of program that is usually reserved for much larger employers. A NYSIF safety group operates on the same principle... Read Article