Tag: commercial insurance


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.


Employee Retention Tips for Small Businesses

If you are a small business, take these tips into consideration if you want to keep your best and brightest employees and have high employee retention. 

Great employees are the lifeblood of any business, but employers are the heart that pumps this blood which makes their business succeed. Losing employees is a concern for any small business because it costs them not only money, but time and productivity. For small companies, keeping the productive and hard-working employees is crucial. Here are a few tips on how employers can have high employee retention for their business.

  1. Stay Competetive. Stay Creative.
    Beating the salary of a bigger company may be difficult, but you can keep your employees by staying competitive and creative. Offer bonuses for a job well done. Additionally, you can offer flexible schedules, work from home days, extra vacation days, et cetera.
  2. Acknowledge Achievement
    No one likes to feel ignored. Be sure to acknowledge your employees so they feel appreciated and part of the team. Even something simple like sending your employees “You are doing an awesome job!” can make all the difference. This goes double if you have Millennials working for you, who feed off acknowledgment.
  3. Listen to Your Employees
    You can’t know what your employees need if you don’t listen. Regularly ask your employees what they need and want from their jobs as well as the company. Don’t wait until it’s too late because by then, your best employees will have surely left.

Take these employee retention tips into consideration in order to keep your best employees. Make sure that your small business is protected with the right commercial insurance policy. Contact Abatelli Group, Inc. for a proper policy on your insurance needs.


Reduce Risk to Your Commercial Vehicles

Your business may rely on its vehicles to deliver your product or service, so it pays to know how you can reduce risk to your commercial vehicle.

Commercial auto insurance can protect your commercial vehicles should they get into an accident. Whether you use your personal vehicle to go to and from meetings or own an entire fleet of commercial vehicles, you need to purchase commercial auto insurance to protect them. While a commercial auto insurance policy can offer protection, it is best to avoid accidents and protect your employees and vehicles. Here are a few tips on how you can reduce risk to your commercial vehicles and employees.

Vehicle Use Regulations

While some work rules may be more flexible, these vehicle regulations should have no wiggle room.

  • Only use business vehicles for business. In order for coverage to apply, ensure that vehicle use relates only to business. Employees should use their personal cars for personal use.
  • Lock the vehicle at all times. Employees need to lock the doors at all times, especially when they are on the job. When permissible, cars should be parked in a secure and well-lit area.

Employee Driving Rules

  • No cellphones. Distracted driving is a real threat that plagues almost every driver. It is the leading cause of accidents and actually banned in many states across the nation. Even if it is legal in your state, prohibit your employees from using their cellphones while on the road.
  • Seat belts are mandatory. Seat belts are the law in nearly every state. Seat belts have prevented deaths and have limited the severity of injuries for decades. There is no reasonable excuse for not wearing a seat belt.

Your business depends on its commercial vehicles to deliver its services, ensure that your employees know how to stay safe. Make sure that your small business is protected with the right commercial auto insurance policy. Contact Abatelli Group, Inc. for a proper policy on your insurance needs.


How to Find Business Insurance That Matches Your Business

Every business is different and requires different levels of coverage, which is why it is important that you find the appropriate coverage that matches your business. 

Your small business can come in countless sizes, and for every size there is a small business insurance plan that is right for you. The coverage that is right for your business depends on a few factors like your business type, where it’s located, and whether or not you have employees. If you want to purchase the right business insurance that matches your business, take these tips into consideration.

Finding Insurance for Your Business

Home-Based Businesses

Many successful businesses started from the safety and convenience of their home. Normally, home-based businesses consist of zero or one employee and generate relatively little revenue. But that doesn’t mean home-based businesses should go uninsured. Homeowners insurance will not cover liability or damage done to your home-business’ equipment. You have to ensure that you purchase a business insurance policy that covers your home-based needs.

Small Businesses

Many insurers consider a business with 50-100 or fewer employees to be a “small business.” A very common small business policy is called a “business owners policy,” or BOP. If you have fewer than 100 employees and only make a revenue of up to $5 million, a BOP may be right for you. Every business is unique, and a BOP may not suffice. You can customize your insurance policy to meet all of your business’ requirement to ensure that it is safe from all the risks that pose a threat.

No matter the size of your small business, you can count there’s a business insurance policy to match its needs. Make sure that your small business is protected with the right commercial insurance policy. Contact Abatelli Group, Inc. for a proper policy on your insurance needs.

COVID-19 Update

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