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Contractor Insurance Service in Hempstead, NY 11550

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Contractor Insurance Service in Hempstead, NY 11550 Contractor liability insurance can help protect your business when something unexpected occurs. This includes protection for your business’s assets and employees. Contractor liability coverage offers you peace of mind in that you’ll have coverage when your business faces a lawsuit or covered loss. This means it’s important to understand the best types of insurance coverage for contractors. The right coverage ensures you can protect your business and your employees. What does it cover? Each construction practice is different, and insurance requirements will vary by service; however, contractors insurance typically include the following policies: Commercial General Liability (CGL) Insurance Tools and Equipment Insurance Pollution Liability Insurance Builder’s Risk Insurance Professional Liability Insurance Who needs it? Any independent contractor or business providing general contracting services should protect their company with a con...
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Umbrella Insurance Service in Hempstead, NY 11550

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Umbrella Insurance Service in Hempstead, NY 11550 An umbrella insurance policy is extra liability insurance coverage that goes beyond the limits of the insured's homeowners, auto, or watercraft insurance. It provides an additional layer of security to those who are at risk of being sued for damages to other people's property or injuries caused to others in an accident. It also protects against libel, vandalism, slander, and invasion of privacy. How does an umbrella insurance policy work? An umbrella insurance policy helps protect your assets and your future in two important ways: Umbrella insurance may provide coverage when your homeowners, auto, and boat insurance policies limits are exhausted. Umbrella insurance provides coverage for claims that may be excluded by other liability policies including claims like false arrest, libel, slander, and liability coverage on rental units you own. What does umbrella insurance cover? Umbrella insurance provides coverage beyond the limi...
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Home Owners Insurance Service in Hempstead, NY 11550

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Home Owners Insurance Service in Hempstead, NY 11550 Homeowners insurance is a form of property insurance that covers losses and damages to an individual's residence, along with furnishings and other assets in the home. You don't even have to own your home to need insurance; many landlords require their tenants to maintain renter's insurance coverage . But whether it's required or not, it's smart to have this kind of protection. We'll walk you through the homeowner's insurance policies. The 3 basic levels of coverage that exist for homeowners insurance: Homeowners' insurance policies generally cover destruction and damage to a residence's interior and exterior, the loss or theft of possessions, and personal liability for harm to others. Three basic levels of coverage exist actual cash value, replacement cost, and extended replacement cost/value. What Does Homeowners Insurance Cover? We can help you determine the homeowner's coverage that best fi...
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Lessor's Risk Only Service in Hempstead, NY 11550

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Lessor's Risk Only Service in Hempstead, NY 11550 Smart Services Junction Inc | Insurance Agency in Uniondale NY   Lessor's risk only (LRO) is a type of small business insurance for commercial landlords. It protects you in case one of your tenants sues you for property damage or injuries sustained in your building. The landlord generally must not occupy more than 25 percent of the building leased to tenants.       Lessor’s Risk Only insurance (LRO) covers a pretty wide range of risks that lead to property damage or bodily injury that can arise on a property that is leased to a tenant, including: Weather damage Slip-and-fall injuries Fire Vandalism Water-related damage Car accidents at the property Theft This isn’t a comprehensive list, but it covers the most common incidents LRO covers. Differences Between LRO And General Liability Insurance LRO insurance and general liability insurance are similar small business coverage types. They both protect you when others cla...
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Landlord Insurance Service in North Merrick, NY 11566

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Landlord Insurance Service in North Merrick, NY 11566  Landlord insurance covers risks related to your buy-to-let property and rental activity. Most policies start with building insurance and property  owners' liability insurance . You can add many other covers, such as loss of rent, tenant default, or accidental damage, depending on your needs. As a  landlord in New York , it’s important to get protected by landlord insurance to prepare for the unexpected. The state is known for its competitive and expensive real estate market. Thankfully, New York doesn’t experience as many natural disasters as other states in the nation. However, getting landlord insurance will protect you from certain liabilities, such as a tenant slipping on your stairs. Do I need landlord's insurance? A landlord’s insurance policy is made up of a number of features; these include buildings insurance, financial protection against loss of rent and accidental damage cover can also be added. It isn’t co...
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Rental Insurance Roosevelt, NY 11520

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Rental Insurance Roosevelt, NY 11520 Renters insurance protects your personal property in a rented apartment, condo, or home from unexpected circumstances such as theft, a fire, or sewer backup damage – and will pay you for lost or damaged possessions. It can also help protect you from liability if someone is injured on your property. In New York City, renter’s insurance policies typically cost as little as $125 a year for minimum limits. Standard coverage levels for property damage are around $25,000 to $50,000 and can go substantially higher, Whether you recently moved into a studio in Manhattan’s East Village or an apartment near downtown Albany’s Main Street, New York renters insurance is crucial to protecting your new space. How does Rental insurance work? Rental insurance covers your possessions from theft after you pay your deductible amount. Renters' policies typically cover your belongings, whether your rental home is burglarized, or the items are stolen from your car or w...
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General Liability Hempstead, NY 11550

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General Liability Hempstead, NY 11550 General liability insurance policies typically cover you and your company for claims involving bodily injuries and property damage resulting from your products, services, or operations. It may also cover you if you are held liable for damages to your landlord's property . Types of Liability Insurance In addition to GLI, there are other types of liability insurance you can get. Commercial umbrella insurance provides additional limits on top of some of your existing liability policies to help pay for expensive claims. Employment practices liability insurance can help cover your legal defense costs and settlements or judgments if a current or former employee sues you for employment-related harassment, discrimination, or wrongful termination. Management liability insurance helps protect your business's directors and officers from costly claims. Commercial auto insurance helps protect you and your employees on the road if you’re driving a ...
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