A change on the insurance policy to a name different from the name on your registration may cause a lapse in insurance coverage, and DMV may suspend your driver license and your vehicle registration. Your vehicle’s insurance and registration must always be in exactly the same name. You should always carry the paper or access to your digital electronic NY State Insurance ID Card in your vehicle. New York Specific Commercial Insurance ArticlesRead informative articles on NY commercial insurance including costs and coverages. Thimble is a great solution for both general liability insurance and professional liability coverage . Permits that do not require project-specific general liability insurance will expire one year from the date the permit was issued or the day the general liability insurance policy expires, whichever is earlier.
This type of New York general liability insurance is particularly important to licensed professionals such as accountants, attorneys, insurance agents, architects, engineers and technology companies. Falcone Agency recommends that all professional and technology companies have E&O coverage. The type of insurance you will be required to have in New York will vary by the county you operate in.
Our agency specializes in helping business owners find commercial insurance products like general liability, professional liability, property coverage, commercial auto and more. The construction company incurs over $200 million in costs repairing the reactors for the power plant. Luckily, they procured commercial general liability (“CGL”) insurance to cover their work on the reactors before they began the project. A payout within the limits of the policy would indemnify them for a great deal of the repair costs. But the insurance company refuses to pay, claiming that the damage to the reactors is not covered under the CGL policy. First, they insist that the damage to the reactors is not a coverable occurrence as defined in the policy because it was caused by the subcontractor’s faulty work, and faulty work is foreseeable.
Unfortunately, Thimble isn’t currently available in the state of New York, but we’re working on it! Sign up for email updates and we’ll let you know as soon as we’re able to offer coverage in the Empire State. “”Raynaldo made quick work of things. I told him what I needed, and ultimately I had a certificate of insurance in a matter of hours.””
It is predicted that this sector will contribute largely to the economy in 2022, as well as in the coming years. Healthcare services and education are also expected to see growth, as are the transportation industry, and professional and business services. Arts and RecreationRead up on New York arts and recreation commercial insurance. To help permittees comply with insurance requirements, the Department created the Project-Specific General Liability Insurance Tool tool to calculate how much an insurance a construction site needs.