New York Business Insurance

Please enter a valid zip code.

Retrieve a quote

Speak with a licensed insurance agent: 1-866-283-7545

Call a licensed agent

Monday – Friday, 7am – 10pm ET M–F, 7a –10p ET

Protecting Small Businesses in the Empire State

When it comes to small businesses, New York is one of the leading states in the nation. The state has more than 2.3 million small businesses, and they make up 99.8 percent of all businesses, according to the SBA. This adds up to employment for 4.1 million people, or nearly half of New York's private workforce.

NY is a fertile ground for entrepreneurs. While New York’s growth in small businesses is strong, New York has strict insurance requirements. It is essential for small business owners to be aware of all small business regulations in the state.

Top covered industries in New York

Small businesses throughout New York's most prominent industries can find coverage with Hiscox, which offers customized insurance for each business's specific needs and risks. Some of the most common NY business owners insured through Hiscox include cosmetologists, photographers, event planners and promoters, interior painters, and business consultants.

More professions we insure in New York

Small business insurance in New York

As small business insurance specialists we understand that every business is different, which is why we don’t offer one-size-fits-all solutions. We customize our small business insurance policies for New York business owners to fit the risks your company faces so you can get the right coverage, right now.

All small business owners should consider protecting their business with the right small business insurance. Hiscox small business insurance offers:

NY workers compensation laws and requirements

According to the National Federation of Independent Businesses, virtually every employer in New York state is required to carry workers compensation and disability benefits insurance for all employees, including family members, part- and full-time workers, and leased employees.

If a business has no employees, leased employees, borrowed employees, part-time employees, or unpaid volunteers, it does not need workers compensation coverage if one of the following conditions are met: it is a business owned by one individual, it is a partnership under the laws of New York State, or it is a corporation owned by one or two individuals who collectively own all of the stock and hold all of the offices of the corporation.

Businesses that fail to obtain workers compensation coverage may be issued a Stop Work Order, which doesn't just immediately end all business activities, it may also lead to debarment from any state, municipal or public contract for a full year. In addition, an injured employee can directly sue an uninsured employer, who is responsible for obtaining and paying for the legal representation needed to defend against the compensation claim. What's more, an uninsured employer is responsible for all wage and medical benefits awarded to successful plaintiffs, and there is no cap on these benefits in New York State. It’s easy to see how having workers compensation insurance in New York makes good business sense.

How Hiscox can help your small business in NY:

  • Flexible payment options: We offer you the option of making monthly, quarterly, semi-annual or annual payments (with no fees) to help you manage your cash flow.
  • Claims responsiveness: When a covered claim is reported, Hiscox will immediately assign a dedicated claims representative to assist you.
  • Worldwide coverage: A New York business insured through Hiscox is covered for work done anywhere in the world, as long as the covered claim is filed in the U.S., a U.S. Territory or Canada.
  • Customized Insurance: Insurance customized to meet your business needs and save you money.


Get a fast, free quote now and get that Hiscox confidence behind your New York business. If you prefer, you can call us at 1-866-283-7545 and speak with a Hiscox licensed agent, Monday – Friday, 7am – 10pm ET.

This information is provided to assist you in understanding the coverage we offer and does not modify the terms and conditions of any insurance policy, nor does it imply that any claim is covered. Coverage is subject to underwriting and may not be available in all states.

Administered by Hiscox Inc., a Delaware corporation that is a licensed insurance producer in all states and Washington, D.C. 5 Concourse Parkway, 21st Floor, Atlanta, GA 30328.