Clothing Store Insurance – Wholesale Clothing Insurance

 

New York NY Clothing Store Insurance

A Retail Clothing Store is a business that involves a low risk for customers but a high risk for business owners against property damage. As a retail business, you don’t provide a service you sell a product, and that product must be protected. Your main concern as a business owner of a clothing store is fire, flood and theft of your product.

If something was to happen to the business like a fire or flood, there is a great possibility that your merchandise will be destroyed. When a fire occurs, it typically destroys clothing and if that doesn’t do it the smoke cause by the fire or the water by the Fire department will definitely destroy the clothing. That is why it is important to have the right insurance policy in place for your Clothing Store.

If something like this happens it will then take you possibly months to repair the store and buy additional merchandise, while the entire time, rent and other bills will still be due. At DurAmerica Brokerage we have specific programs available for these businesses and provide piece of mind to our business owners.

When insuring a Clothing Store you have to take the following coverage’s into consideration.

Business Property Insurance

Business property insurance can protect your business against physical loss due to fire, explosion, flood, theft and many other perils. It can provide coverage for the building if you own it and for the belongings of the business.

We can provide insurance coverage for the:

Clothing

Loss Of Income

Decorations

Furniture

Electronics

Exterior Signs

And anything else that belongs to the business

Loss Of Income

If your Clothing Store does suffer a loss, you may be out of business for 1, 3 or 6 months. This would be a huge catastrophe for the business since it still has to pay utility bills and rent and would not be receiving an income.

With loss of income coverage we can make sure that even though you are not in business, you are not out of business. You can still pay the rent and get your business operational again.

You can be confident that while your business is being repaired or rebuilt, the Clothing Store will open again to your customers.

If you do not currently have loss of use coverage on your policy, contact us by clicking here so that we may properly secure your business.

Liability Insurance

The General Liability Insurance portion of your Clothing Store business protects the business against claims due to injury of third parties.

Injuries are possible in a Clothing Store because of numerous reasons.

Someone Can Slip & Fall Outside The Business

Someone Can Slip & Fall Inside The Business On A Wet Floor

Someone Can Get Injured While Trying On Clothing

General liability is an important part of the policy. It will cover all of these cases and more and will provide coverage whether you or your business were negligent or not. It will pay for legal & court costs along with any judgment awarded to the claimant.

Bodily Injury

Will provide coverage for anyone other than your employees that are injured on the premises

Property Damage

Will provide coverage if anyone’s property in destroyed or damaged within the premises

Products Coverage

Will provide coverage if someone gets injured due to a defective product. Like if someone is allergic to a material or if a piece of the clothing comes off and injures a child.

Advertising Injury

Will provide coverage if you publish inaccurate information or do false advertising about your competition.

Workers Compensation

Workers compensation covers your Clothing Store Business against claims by your employees for injury on the job. If you would like more information on Workers Compensation, please click here and read our article.

Commercial Auto Insurance

If you use a vehicle to pick up or distribute merchandise, commercial or business auto insurance is how we would provide coverage for the vehicles the business owns or operates. If you would like more information about commercial or business auto insurance, please click here and read our article.


Our mission is to provide the most detailed information to our customers to ensure that they know how to properly insure their business. DurAmerica Brokerage has over 50 years of combined experience in the insurance industry. We strive to educate our customers and provide the best coverage’s at the lowest prices possible.

Whether you currently own a Clothing Store Business or are planning to open one, give us a call or request a free no obligation review of your insurance needs by clicking here.


Click Here For A Free Clothing Store Insurance Quote !

Laundromat Insurance – Dry Cleaners Insurance - Drop Off Cleaners Insurance

 

Laundromat Insurance - Dry Cleaners insurance - Drop Off Cleaners Insurance

A Laundromat Business or Dry Cleaners Business is a business that involves a lot of risk. You have numerous high value machines that cost a lot to purchase but also cost a lot to fix and replace. When you start a Laundromat you most likely spent a significant amount of money running electrical lines and plumbing lines to the machines.

If something was to happen to the business like a fire or flood, not only would it cost you a lot to fix the machines, you would also lose a significant amount in lost business. That is why it is important to have the right insurance policy in place for your Laundromat.

When insuring a Laundromat you have to take the following coverage’s into consideration.

 

Business Property Insurance

Business property insurance can protect your business against physical loss due to fire, explosion, flood, theft and many other perils. It can provide coverage for the building if you own it and for the belongings of the business.

We can provide insurance coverage for the:

Washers

Dryers

Folding Tables

Flooring

Computers

TV’s

Coin Machines

Soap & Detergent Supplies

The Electrical Work You Have Done

The Plumbing Work You Have Done

And anything else that belongs to the business

 

Loss Of Income

If your Laundromat does suffer a loss, you may be out of business for 1, 3 or 6 months. This would be a huge catastrophe for the business since it still has to pay utility bills and rent and would not be receiving an income.

With loss of income coverage we can make sure that even though you are not in business, you are not out of business. You can still pay the rent and get your business operational again.

You can be confident that while your business is being repaired or rebuilt, the Laundromat will open again to your customers.

If you do not currently have loss of use coverage on your policy, contact us by clicking here so that we may properly secure your business.

 

Liability Insurance

The General Liability Insurance portion of your Laundromat or dry Cleaning business protects the business against claims due to injury of third parties.

Injuries are possible in a Laundromat or Dry Cleaning business because of many possible reasons.

Someone Can Slip & Fall Outside The Business

Someone Can Slip & Fall Inside The Business On A Wet Floor

Someone Can Get Burnt By The Dryer

A Folding Table Can Hurt A Child

The Washers Glass Can Break & Cause Injury

And I am sure you can think of many other cases when someone can get injured.

General liability is an important part of the policy. It will cover all of these cases and more and will provide coverage whether you or your business were negligent or not. It will pay for legal & court costs along with any judgment awarded to the claimant.

Bodily Injury

Will provide coverage for anyone other than your employees that are injured on the premises

Property Damage

Will provide coverage if anyone’s property in destroyed or damages within the premises

Products Coverage

Will provide coverage if a customer’s property is damages while in your care because of a covered loss.

Advertising Injury

Will provide coverage if you publish inaccurate information or do false advertising about your competition.

 

Workers Compensation

Workers compensation covers your Laundromat or Dry Cleaning Business against claims by your employees for injury on the job. If you would like more information on Workers Compensation, please click here and read our article.

 

Commercial Auto Insurance

If you provide a delivery service to your customers, commercial or business auto insurance is how we would provide coverage for the vehicles the business owns or operates. If you would like more information about commercial or business auto insurance, please click here and read our article.

 

Our mission is to provide the most detailed information to our customers to ensure that they know how to properly insure their business. DurAmerica Brokerage has over 50 years of combined experience in the insurance industry. We strive to educate our customers and provide the best coverage’s at the lowest prices possible.

Whether you currently own a Laundromat or Dry Cleaning Business or are planning to opening one, give us a call or request a free no obligation review of your insurance needs by clicking here.

Click Here For A Free Laundromat Or Dry Cleaning Insurance Quote !

New York Contractors Insurance

NY Contractors Insurance

 

As a New York Contractor you have probably heard from your clients that insurance is a must in the State of New York if you want to do business. Clients, General Contractors and even the NYC Government have put strict emphasis on the necessity of having insurance policies before you start work.

At DurAmerica Brokerage we have made this process as simple as possible. We have professional advisors that specialize in both the insurance and construction industries. We can guide you with finding the right policy at the right price and to ensure that your work and business are financially secure.

By representing dozens of insurance companies we are afforded the opportunity to quote your account with many carriers and producing the best solution for you. Since our advisors know the construction industry very well, we are able to assist you in getting the right documents for government agencies like Consumer Affairs, Department of Building and the Department of Transportation.

 

New York Contractors Insurance Regulations

There are three coverage options for general liability in New York State.

$300,000 Per Occurrence / $600,000 Aggregate

$500,000 Per Occurrence / $1,000,000 Aggregate

$1,000,000 Per Occurrence / $2,000,000 Aggregate

In order to go above the $1,000,000/$2,000,000 limit you must purchase an umbrella or excess policy, with these policies you can go up to hundreds of millions in coverage.

In New York State you contract will dictate how much coverage is needed for a specific job. While some private home jobs outside of New York City will allow you to have the minimum coverage, typically all work within New York City requires $1,000,000/$2,000,000 coverage and above. The cost difference between this coverage and the minimum is not significant which is why most contractors choose the higher coverage which allows them to do work pretty much at any job site.

Insurance policies are required for specific jobs by Government agencies. A perfect example of this is when you are looking to pull a permit for a job from The Department of Buildings. DOB requires you have $1,000,000/$2,000,000 general liability coverage along with workers compensation and disability for your employees.

The Department of Buildings has the following requirements in order to obtain a permit for a job. The contractor must provide the following documents, first they need an ACORD form certificate of general liability insurance which shows proof of your general liability insurance policy. Secondly they need a C105.2 which is original proof from the insurance carrier showing that you have active workers compensation insurance. Thirdly they need a DB120.1 which is original proof from the insurance carrier showing that you have active disability insurance coverage. At DurAmerica Brokerage, our contractors servicing unit produces these documents for you typically within a few hours of your request. As always with DurAmerica Brokerage these documents are provided to you free of charge only for our contractors.

For every other job that you may have, again free of charge, DurAmerica Brokerage provides you immediate ACORD certificates of insurance to show proof to your client that you are properly insured. The speed at which we produce these certificates saves you time and money and more importantly shows your customer the level of professionalism your company has. These are vital tools to increasing your sales through referrals from your existing customer base.

If you are not receiving this level of service of your current agent, give us a call today and see why thousands of contractors have chosen us to represent them.

 

General Liability Insurance

General Liability Insurance is a policy that provides protection for your company for most incidents that can occur. It provides protection for almost everything that can occur except for injury to you or your employees on the job.

Whether you are a sole proprietor, Inc, Corp, LLC or any other type of company, general liability insurance is necessary to protect you and your business. It provides coverage for the executives regardless of how many there are, the work performed by your employees and in some cases the work performed by your subcontractors or independent contractors.

New York contractors general liability insurance policies should all be a comprehensive general liability policy that covers, bodily injury, property damage, medical payments, advertising injury, completed operations coverage and contractual liability.

For an explanation of these coverage’s, please read our Contractors Insurance page by clicking on the link.

Sometimes a job required bonds to be in place in order to proceed with the job. At DurAmerica Brokerage we can assist you with Bid Bonds, Performance Bonds, Payment Bonds and Subcontractor Bonds. We have not listed all the bonds that we offer here, if you need a bond and do not see it listed here, please contact us and we can help you.

We also provide additional services and products for our contractors. Whether you need, commercial auto insurance, DMV Services or Defensive Driving Courses we can help you.

 

Our mission is to educate our customers. That is why thousands of clients have chosen us to secure their insurance needs. Give us a call today at (718) 626-0700 and receive the level of service that your company needs by taking partnering with DurAmerica Brokerage Inc.

Click Here For A Free New York Contractors Insurance Quote!