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Protect Your Brooklyn Business with the Right Insurance

Brooklyn business owners, do you have the right insurance? From liability risks to workersu2019 compensation, your business needs protection to thrive in NYC! Our latest presentation breaks down everything you should know. If you need business insurance in Bronx, NY, please call IGM Brokerage Corp. at (718) 931-4900 to learn more and obtain a free quote or visit our website https://www.igmbrokerage.com/

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Protect Your Brooklyn Business with the Right Insurance

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  1. PROTECT YOUR BROOKLYN BUSINESS WITH THE RIGHT INSURANCE • ESSENTIAL COMMERCIAL INSURANCE • INSIGHTS FOR BUSINESS OWNERS

  2. WHY BUSINESS • INSURANCE MATTERS • IN BROOKLYN • Brooklyn is a hub for diverse businesses with high customer traffic. Business insurance protects against financial losses, liability risks, and legal issues. State and local laws often require specific types of coverage. Unexpected events like property damage, lawsuits, or employee injuries can disrupt operations.

  3. KEY FACTORS TO • CONSIDER • Type of Business – Insurance needs vary by industry. A retail store has different risks than a tech startup. • Legal & Contractual Requirements – Leases, lenders, and state laws may require specific policies. • Risk Assessment – Identify risks such as customer injuries, cyber threats, or property damage. • Budget & Coverage Balance – Select a plan that offers adequate protection without overspending.

  4. COMMON TYPES OF • BUSINESS INSURANCE ✔ General Liability Insurance – Covers third-party injuries, property damage, and legal costs. ✔ Commercial Property Insurance – Protects buildings, equipment, and inventory from fire, theft, and disasters. ✔ Workers’ Compensation Insurance – Required for businesses with employees, covering work-related injuries. • ✔ Cyber Liability Insurance – Protects against data breaches and cyberattacks. • ✔ Commercial Auto Insurance – Covers vehicles used for business purposes. • ✔ Umbrella Insurance – Provides additional liability coverage beyond standard policies.

  5. MEETING • BROOKLYN’S • BUSINESS • INSURANCE • REQUIREMENTS • Legal Compliance: NY state mandates Workers' Compensation Insurance for businesses with employees. • Lease Agreements: Many landlords require General Liability & Property Insurance. • Client & Vendor Contracts: Some contracts specify minimum coverage levels. • Loan & Investment Agreements: Lenders often require proof of insurance before approving financing.

  6. HOW TO CHOOSE THE RIGHT POLICY • Assess risks specific to your business type. • Compare different policies and coverage options. • Work with an experienced local insurance agent for expert guidance. • Ensure compliance with all legal and contractual obligations. • Regularly review and update your policy as your business grows.

  7. THANK YOU • INSURANCE@IGMBROKERAGE.COM • (718) 931-4900 • 2844 WESTCHESTER AVENUE, BRONX, NY 10461 • WWW.IGMBROKERAGE.COM

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