Business Insurance

6
Jul

Small Business Workers’ Compensation Insurance: Is It Necessary?

Accidents can happen despite your best efforts to prevent workplace injuries. This is where workers’ compensation insurance is necessary. It protects your employees if they are injured at work and also your business from associated claims and lawsuits. Without workers’ compensation insurance, you are liable for workplace accidents and related losses, which could financially ruin your business.

Read on to learn how workers’ compensation insurance can help your small business stay afloat.

The Need for Workers’ Compensation Insurance

Workers’ compensation insurance is required in several states although they are governed by varied laws and regulations. For example, in Alabama, you are required to buy the policy if you have 5 or more employees, whereas, in Arkansas, you need it if you have more than 3 employees.

Having workers’ compensation insurance is helpful to protect your business, notwithstanding your state’s regulations. For instance, if an employee becomes ill or injured at work, they may sue you, seeking compensation for their medical expenses or lost wages. Unless you have workers’ compensation insurance, you will have to cover these expenses out of your pocket.

Purchasing a workers’ compensation policy is essential because you are responsible for protecting your employees, whether they work at the office, at home, full time or even, part-time.

Workers’ Compensation Insurance for Remote Workers

Like in-office workers, remote workers should be covered by workers’ compensation insurance, since they are also susceptible to slips, accidents, and ergonomic injuries caused by poor workstations. If you buy a policy for them, ensure your remote workers’ work environment is safe and ergonomically correct to avoid frequently filing claims. An insurance provider may also consider your remote workers’ working environment and possible risk factors before providing coverage.

What Is Covered by Workers’ Compensation Insurance?

It covers your employees’:

  • Medical bills, including hospital stays, medications, emergency room visits, ongoing care, physical therapy, and surgical procedures.
  • Lost wages while recovering from a workplace accident or injury.
  • Death benefits in fatal incidents.
  • Disability expenses if they cannot work after a workplace injury.

What Is Not Covered by Workers’ Compensation Insurance?

It won’t cover:

  • COVID-related illnesses and medical expenses
  • Injuries that happen at work gatherings, such as a picnic or softball game (if participation is optional)
  • Part-time employees and subcontractors (unless they are added)
  • Injuries caused as a result of a fight between two employees for personal reasons
  • A work-related illness, injury, or accident that occurs because an employee is intoxicated or under the influence of illegal drugs

How Much Does Small Business Workers’ Compensation Insurance Cost?

The cost of worker’s compensation insurance varies depending on the size and location of your business, nature of work, employees’ payroll, and claims history. You can get quotes from different insurance providers and settle with the one that provides comprehensive coverage at an affordable cost.

Protect Your Business and Employees with Abatelli Insurance Group

If you are looking for all-inclusive workers’ compensation insurance in New York, contact us today at Abatelli Insurance Group. We provide coverage tailored to unique risk exposures and needs of your business, ensuring extensive protection at all times.

8
Apr

Tips to Choose the Right Commercial Insurance for Your NY Business

As a business owner, you must ensure your business has the right amount of insurance coverage to protect it against unpredictable events. For over 100 years, Abatelli Group has been meeting the commercial insurance needs of businesses in the NY area, and we will be happy to walk you through the process while ensuring we pick the best policy for your business. Making an uninformed decision when choosing the amount of coverage your business needs could have costly consequences.

To get you started, here are 4 features to look out for when choosing commercial insurance for your business.

1. Coverage for your commercial vehicles:

If running your business involves driving company-owned vehicles, then your commercial insurance should include coverage for such vehicles. Commercial auto insurance covers damage to the vehicle or another person’s property in the event of an accident, as well as injury to the driver of the vehicle or someone else. Business vehicles can include vans, construction vehicles, trucks, etc. Personal car insurance will usually not cover any damage caused while using the car for commercial purposes, hence the need for this type of coverage.

2. Cyber liability coverage

: Businesses are relying more and more on technology to solve problems and ensure the smooth running of their operations. While this may boost efficiency and help the business to keep up with its competition, it also makes the business more vulnerable to cyber threats. Having a business insurance plan that covers cyber liabilities will help mitigate financial losses that come with data breaches and other covered cyber events. This may include covering the costs of restoring stolen data or paying litigation fees if a client’s personal information is leaked or stolen, and they decide to sue your business.

3. General liability coverage:

This protects against damages inflicted to another party during your company’s operations. Such damages include property damage, bodily injury that occurred on your business premises, and harm inflicted by your product. It may also cover any damage that was caused by an employee in a location outside your premises.

4. Property coverage

: Commercial property insurance protects your business properties in the event of unforeseeable circumstances. Circumstances such as theft, fire, vandalism, and explosions are covered by this policy. The physical assets that are protected include your building itself, important business documents, all office equipment, manufacturing equipment, inventory, and other outdoor items within the premises.

You’ve worked hard to build your business. The cost and risk of leaving your business unprotected are not worth it. Talk to the team members at Abatelli Group, Inc. to find out how we can protect your business from unforeseen circumstances. With a reliable commercial insurance, we can help your business if it is located in Whitestone, Flushing, Bayside, Little Neck, or surrounding cities of New York. Contact us today to get started.

4
Mar

Cybersecurity Tips to Protect Your Business-Related Emails

If you run a small business, then it may be difficult to get external help like most public and large corporations do. One area where small businesses might need help is email security. In this article, we have highlighted a few tips which you can use to protect your business emails, even if you cannot afford external IT help.

Here are five cybersecurity tips for small businesses that can help you protect your email:

1. VPNs

VPNs, virtual private networks, are used when individuals want to browse privately and anonymously on the internet. If you have employees or vendors who will be accessing your business emails from outside the office using unprotected WiFi services or public WiFi, they should use a VPN to hide their activity. This is advantageous for small business security because it helps prevent breaches from leaked data caused by the use of unsecured internet infrastructure.

2. Strong Passwords

Passwords are used to protect your email from intruders who try to break in. You must use a password that cannot be easily cracked. Some email providers recommend that you use a mixture of upper and lowercase letters, numbers, and symbols to create a sturdy and impenetrable password.

3. Encryption

Information that is sent over the internet, like messages, photos, videos, and emails, can be encrypted. Information that is not encrypted can be intercepted and the information can be stolen. You should invest in low-cost encryption tools that can be used while sending sensitive information over email.

4. Two-Factor Authentication

Two-factor authentication is a process where you attach a trusted number to your email account, generating a code that is required to log in to your email account. This is a security system designed to protect your account in the event intruders gain access to your email password and try to get into your account. Without this unique password, they will be unable to access your account. To further improve security, ensure the phone number isn’t easily accessible.

5. Avoid Suspicious Emails (Phishing)

Hackers will sometimes send out malicious email messages resembling legitimate companies in a bid to get you or your staff to click on harmful links. These links could allow them to gain access to your emails, bank account information, or any other credible information they need to steal from you. Train your staff to recognize suspicious emails that promise them rewards if they click on a link.

Is It Dangerous to Share Your Email Id with Social Sites?

Social media platforms may ask for your email id to connect you with friends. However, there have been privacy-related lawsuits against many of these platforms. So, it is better to avoid sharing your email login credentials with such sites.

There are numerous ways bad actors can gain access to your small business emails but these useful tips will help keep you safe from harm. Identifying cybercrime and stopping hackers before they can breach your system is of the utmost importance. Talk to the team members at Abatelli Group, Inc. to find out how we can help protect your business from potential cyber-attacks. With reliable commercial insurance, we can help your business’s future. Contact us today to get started.

 

21
Jan

4 Ways to Protect Your Business from Cybercrime

With more and more people working from home, the risk of cyberattacks for a business owner or an employer has increased significantly. Understanding how hackers can break into your network is essential, and preparation is key to prevent cyberattacks from being successful. Establishing sufficient cybersecurity measures is crucial if you plan on keeping your internet environment protected and intact.

1. Properly Train Your Employees

Provide your employees the proper training they will need to identify potential cyber threats and take the necessary steps to prevent data corruption and loss. Administering proper training to employees will allow them to stay current with the latest threats and tactics being used by hackers. Make sure to give them the tools they need to shut down a threat and prevent damage from occurring. Each employee must have the necessary training to succeed when it comes to protecting their work environment.

2. Two-Factor Identification

Two-factor identification is a great tool for employees that can be used to protect themselves and their work environment. With this type of access, a person would need to provide two different kinds of information to gain entry into their online accounts. This may be a combination of a PIN and security question or a PIN and fingerprint. As long as two components are used, it makes it much more difficult for hackers and internet intruders to gain access to your private files and network.

3. Use Up-to-Date Technology

Providing your employees with the most up-to-date technology is the best way to keep your company protected from a cyberattack. Through the use of firewalls, enhanced cloud security measures, two-factor identification, and other useful tools, you can protect your business and personal files from cyberattacks and hackers who are trying to gain access to your confidential files. If you need assistance with adding more sophisticated cybersecurity equipment, hire an IT professional who can evaluate your needs and provide you with the type of system that will work best for you.

4. Implement a Cybersecurity Environment

All employees must understand the importance of their role in maintaining a safe and productive internet environment. Every person is a vital member of the team when it comes to monitoring and identifying potential threats. With the proper training, equipment, and the right security protocols, each employee will be able to take the steps that are necessary to maintain a secure network.

Cybersecurity is an essential part of any business, especially with many people working virtually. Identifying cybercrime and stopping hackers before they can breach your system is of the utmost importance. Talk to the team members at Abatelli Group, Inc. to find out how we can help protect your business from potential cyber-attacks. With reliable commercial insurance, we can help your business’s future. Contact us today to get started.

 

8
Oct

How Business Insurance Can Save Your Company

Every business owner knows that they need commercial insurance. It helps protect their investment, livelihood, and hard work – but how? As a business owner, you should know how valuable coverage can save your company. Here are just a few ways.

1.Employees

If one of your employees is injured in the course of their work, your workers’ compensation insurance will step in to help. This coverage will help to pay for their medical fees, rehabilitation costs, and lost wages while they are out of work. Keep in mind that every business is at risk of employee injury, from trips and falls to musculoskeletal disorders, and more. Even if you only have one employee, you still need to take out this coverage.

2.Credibility

If you are competing for business with other similar companies, you can increase your credibility by maintaining the right levels of insurance. Many companies do not have the correct insurance policies in place to protect themselves, their employees, or customers. It is becoming more and more popular for large brands to only work with businesses that take actionable steps in protecting themselves and others in the form of insurance.

3.Liability

A common and vital coverage for every business is general liability insurance. Even if you think your business has a low risk of being involved in a liability claim, it is always better to have the coverage in case the unexpected does occur. If a guest falls on your property and injures themselves, or your employee accidentally damages someone’s property while on the job, your business could be held liable for all associated expenses. General liability insurance helps to cover these costs as well as legal defense fees if the person decides to sue. Since these issues can often extend to hundreds of thousands of dollars, your business is protected from these costs with general liability coverage.

4.Property

Whether you rent a small office or own a large warehouse, you need to protect the property your business uses. From the structure to the furniture, electronics, and inventory, your business needs all of these components to run smoothly. Property insurance helps to protect these from damage such as fire, theft, vandalism, and natural disasters. For example, if a fire tears through the building and destroys your inventory and part of the property structure, you can rely on this coverage to help repair and replace so that your business gets back on its feet as soon as possible.

Securing the right business insurance doesn’t have to be difficult. The right agents are here to help you. For the right workers’ compensation insurance policy, contact our expert team at Abatelli Group, Inc. today. We serve Whitestone, Flushing, Bayside, Little Neck, and surrounding cities of New York with reliable coverage. We are ready to assist you with all of your insurance needs.

23
Apr

Prepare Your Business for Common Insurance Claims

Safeguard your business from damage and danger.

 

As a business owner, it is incredibly important to be able to prepare your business for common insurance claims. Not only does this reduce the risk of claims occurring, but it helps you to save money and gives you peace of mind. Get started on preparing your business for common insurance claims today.

 

Burglary and theft

  • Put your lights on a timer so that passersby think that there are late-night workers in the building.
  • Blinds or tinted windows offer an excellent deterrent for spontaneous theft and break-ins.
  • Put up security cameras that record at all times.
  • Never leave cash or valuable items visible from the street.

 

Fire

  • Turn off any equipment when not in use.
  • Place portable heaters away from flammable objects.
  • Invest in an automatic fire alarm that alerts the fire department when it detects smoke.

 

Customer slip-and-falls

  • Implement a policy that requires your team to remove clutter from the floors once an hour.
  • Encourage employees to keep all computer and equipment cables tidy at all times.
  • Avoid placing objects on stairwells.
  • Light all paths and steps effectively.
  • Mop up spills as soon as possible and place wet floor signs in damp areas.
  • Fix cracked or broken pathways.

 

Vehicle accidents

  • Keep vehicles in good condition. Regularly check the fluids, tires, brakes, lights, and engine. Perform tune ups regularly.
  • Educate your drivers on how to drive in bad weather. Ensure they know to pull over in poor weather conditions.

 

Preparing your business for common insurance claims can help to keep disasters at bay. For the right commercial property insurance policy, contact our expert team at Abatelli Group, Inc. today. We serve Whitestone, Flushing, Bayside, Little Neck, and surrounding cities of New York with reliable coverage!

14
Nov

4 Ways to Protect Your Business from Fires

Safeguarding Your Business Property from Fires

Is your business fire safe? Are you confident that you are taking every possible precaution against a fire breaking out? If the worst does happen, is your business ready to cope with it safely and effectively? Failing to take the appropriate steps to prevent and manage fire risk isn’t just a foolish oversite. It is your legal obligation to protect your premiums, workers, and customers from the risk of fire.

Here are four essential steps you should take to safeguard your business from fires:

  1. Create an emergency evacuation plan. Your employees and guests should know how to leave your business at any time by locating the nearest exit, which should be clearly marked and unobstructed. Conduct an evacuation drill at least once a year to ensure that your employees know how to handle an emergency.

  2. Install and maintain fire suppression systems. This means installing fire alarms, sprinklers, and ensuring all employees know how to use a fire extinguisher. Regularly check these systems to ensure that they are in good working order.

  3. Understand your risk. Conduct a risk assessment to understand what kind your business faces. Keep in mind that electrical equipment is responsible for a high number of fires, so be sure to maintain this equipment, tidy cords away, and allow air to circulate machinery.

  4. Review insurance. Your commercial property insurance helps to replace your business’s belongings after they have been destroyed in a fire. Make sure that you have plenty of coverage that protects all of your business equipment, furniture, electronics, inventory, and more.

For the right commercial property insurance policy, contact our expert team at Abatelli Group, Inc. today. We serve Whitestone, Flushing, Bayside, Little Neck, and surrounding cities of New York with reliable coverage!

11
Jul

The Basics of Commercial Property Insurance Policies

What you should know about commercial property insurance.  

Your business has a lot of physical assets: your building and its contents. These pieces of property can be damaged, which is why it’s important to protect them. A commercial property insurance policy is designed to cover buildings and personal property owned by your business. While unexpected accidents and events can happen at any time, such as storms, fires, and other major setbacks, with business property insurance, you’ve got support and financial assistance to help you recover quickly.

How commercial property coverage works

Commercial property insurance coverage varies, but they are typically classified by the type of event leading to a loss, and by what things are insured. Basic property insurance usually covers losses caused by fires or explosions, theft, vandalism, and damage from vehicles and riots. You can purchase additional coverage that protects your property against mass-destruction events such as earthquakes and floods.

Commercial property insurance is designed to cover your building and outdoor items on the premises as well as key items inside such as office equipment and inventory.

Take an inventory

Before you decide to take out commercial property insurance, it’s wise to take an inventory of your business. This helps you determine what property you want to insure, what its replacement value would be, and if it’s worth insuring. The property you might insure could include:

  • The building that houses your business
  • All office equipment (computers, phone systems, furniture, etc.)
  • Accounting records and important company documents
  • Manufacturing or processing equipment
  • Inventory kept in stock
  • Fence and landscaping
  • Signs and satellite dishes

For the right commercial property insurance policy, contact our expert team at Abatelli Group, Inc. today. We serve Whitestone, Flushing, Bayside, Little Neck, and surrounding cities of New York with reliable coverage!

21
Mar

Do I Need Commercial Insurance If My Business Has No Inventory?

Should you get commercial insurance if you have no inventory?

If you own a service-based business such as a hair salon or air conditioner repair shop, then it is likely that you don’t have a lot of inventory to worry about. In fact, many business owners of service-based businesses assume that there is no reason to hold commercial insurance because they have no inventory that would need to be replaced in the event of a disaster. The truth is, commercial insurance is for every type of business.

Commercial insurance policies cover a lot more than just your inventory. They work to cover your equipment, vehicles, tools, liability, and provide protection in the event of a lawsuit. For a service-dominant business, that means a policy can protect everything you need to stay in business.

Even if your business doesn’t have much in the way of merchandise, there’s a good chance that you have valuable tools or equipment to do your job. If your business was victim to theft or natural disaster, it’s possible that you’d lose all of these things. In turn, this may mean your business would be forced to close its doors.

Commercial insurance can also include coverage for the structures and real estate that your business owns. Storage building, storefronts, and manufacturing facilities can be covered under a commercial property insurance policy.

For the right commercial insurance policy, contact our expert team at Abatelli Group, Inc. today. We serve Whitestone, Flushing, Bayside, Little Neck, and surrounding cities of New York with reliable coverage!

21
Feb

Where Your Business Property Is and Isn’t Covered

Understand how to better protect your business’s property.  

Compared to all the other insurance policies, picking a commercial property insurance policy may seem like the easiest one. The premium is worth the peace of mind that your business’s property is protected. However, it is important to look closely at the policy you choose because you may find you have left your business vulnerable.

Your commercial insurance policy is designed to keep your building, furniture, equipment, and electronics protected. If a peril happens, such as theft or a fire, your insurance can step in to cover the costs of repairing and replacing your property. Keep in mind, however, that every policy has its limits.

Statistically, businesses are affected most often by the following claims:

  • Burglary and theft
  • Water and freezing damage
  • Wind and hail damage
  • Fire

Your business insurance typically covers the above claims. However, these are not the most costly claims. Vehicle accidents are a common and expensive claim among businesses. However, property insurance cannot cover your business’s cars. For your journey and business vehicles to be protected, you must acquire a commercial auto insurance policy. Keep in mind that your property insurance may not cover all of your business’s property.

Commercial property insurance also does not typically cover the following:

  • Commercial vehicles
  • Property damage resulting from employee error
  • Property that was not purchased for the business
  • Personal assets that may be used by the business
  • Property intentionally damaged by the business owner or employees

Talk to the team members at Abatelli Group, Inc. to find out how we can help protect your business’ property. With reliable commercial insurance, we can help your business’s livelihood. Contact us today to get started.

COVID-19 Update

We are no longer working remotely. You can reach us at (718) 352-6000 Letter to Policyholders