BUSINESS INSURANCE
MADE SIMPLE
We're an insurance brokerage, and we help business owners find competitive insurance products.
GET YOUR GENERAL LIABILITY
QUOTE INSTANTLY
We were established in 2011.
WE SPECIALIZE INTHESE INDUSTRIES
CLICK ON YOUR APPLICATION TO BEGIN, OR CALL US.
How is a premium developed?
UNDERWRITING
Coverage for internet-based risks includes data destruction, extortion, theft, hacking, denial of service attacks, or failure to safeguard data.
WORKERS COMPENSATION
Wage replacement and medical benefits to employees injured in the course of employment.
GENERAL LIABILITY
The "first line" of coverage that a business will purchase and covers common claims, such as bodily injury or property damage due to the business operations.
PROFESSIONAL LIABILITY
This is coverage for companies against an error or omission or negligence claim against the business for the professional services it provided.
Some companies will use the annual sales to develop the premium instead of payroll. Each company has a rate, and it is multiplied by the yearly sales of the applicant.
GEOGRAPHY
Fewer insurance companies offer coverage in New York City, the boroughs, or a quarter-mile of coastal water. Meaning costs are higher in these areas.
This factor develops most of the worker's compensation and general liability premium. Each company has a rate for each classification. Multiplying the rate by the client's payroll develops the cost.
Carriers specializing in General Contractors will assign a pre-determined rate by the amount paid to subcontractors annually.
LOSS HISTORY
An essential factor for underwriters and a business without claims is often credited but, a frequency of losses causes a debit against the premium.