Starting and running your own business is what the American dream is all about. However, some would-be small business owners are put off following their dreams because of the insurance needed. Business insurance is essential for any small business that employs more than one employee. It can seem like a full time job finding the right insurance for your business. Here is how to find good Business Insurance in Albany New York.
Ask Your Lawyer or Financial Planner
Do you have a lawyer or financial planner? These are great sources for business insurance and insurance company recommendations. They can also help find out just what kind of business insurance you need. If your lawyer is not familiar with financial law or is otherwise uncomfortable making a recommendation, he or she can at least point you in the right direction to find the best advice you need.
Check with the SBA
If you are not sure what kind of business insurance you need, check with the Small Business Association or SBA. This is also a great place to ask questions and pursue their business resources archive.
Make Sure of State License
All insurers and insurance agents in the state of New York need a state license in order to legally operate. This state license number should be displayed on websites, business cards and sometimes advertisements like large Yellow Pages ads. If you are not sure of the license number, ask for it. Check with the State of New York government’s website to see that the license is up to date.
Check with the NYIA
Once you get a few names of insurance companies or business insurance agents, check to see if they are members of the New York Insurers Association or NYIA. The website does not endorse one company over the other. They merely publish a list of members in alphabetical order by company name.
Review Insurance Every Year
Just because your business insurance worked for you one year does not necessarily mean that it’s going to work for you in future years. Take the time to go over your insurance with your agent to see what works, what doesn’t and what options are available to you and your every changing circumstances. For more information about business insurance, Click Here.