New York Business Insurance

As part of the beauty and wellness industry, cosmetologists and stylists have direct and personal interactions with their clients every single day. While this may be one reason why cosmetologists choose to enter the beauty industry, it also carries certain risks, including client claims of emotional distress, bodily injury, personal injury, treatments gone wrong, and property damage. Regardless of whether these allegations have a factual basis, such claims can be detrimental to a cosmetologist's business.

Whether they take pictures for weddings, real estate agents, or for New York's fashion leaders, photographers have to communicate with clients, navigate challenging environments, and get the perfect image—all while managing their valuable equipment. A photographer's job can be exciting, but all that excitement can bring a heightened risk.

From wedding planners to corporate event specialists to nightlife experts, event planners and promoters deal with a wide variety of clients and a large swath of the public. Combined with the emotional high stakes of many events, an event planner has to navigate numerous hazards.

Painters are exposed to potential liability whenever they enter a home, an apartment building, or a commercial building for interior painting. Services such as removing old wall coverings can expose employees and clients to hazards, and painters could potentially face lawsuits over slip-and-fall accidents, damaging paint spills, and even employees' comments about clients during break times. For all of these reasons, Hiscox provides customized insurance that can fit a New York painting business's specific needs.

Because their services might include offering managerial advice, maintaining confidential information, and recommending marketing and sales strategies, the work of a business consultant in New York is uniquely varied and sensitive. Business consultants can benefit from a range of NY business insurance policies.

General liability insurance, also known as commercial general liability (CGL), protects your business from another person or business’s claims of bodily injury, associated medical costs, and damage to property. Some examples of what could be covered are below.

• Bodily injury: A client trips and falls at your business, requiring medical treatment. A general liability insurance policy could cover the claim.
• Property damage: Your employee accidentally damages a client’s countertop while working in the client’s home. A general liability policy could cover the claim.
• Personal injury: You run a social media campaign, and your employee posts an untrue claim about a competitor. A general liability policy could cover the subsequent claim for libel or slander.

Learn about how much general liability insurance costs.

Professional liability insurance, also known as errors and omissions (E&O) insurance, offers coverage for claims against businesses that provide professional and personal services. Here are some examples of what may be covered.

• Negligence: Your agency represents buyers in a real estate transaction, and your employee misses the deadline to submit paperwork to close the deal on time. A professional liability policy could cover the resulting claim.
• Misrepresentation: Your interior design firm represents to its client that necessary materials will be delivered by the time the client opens its business, but the materials arrive late. A professional liability policy could cover the resulting misrepresentation or misstatement claim.

Learn more about professional liability insurance.

Business owner's policy (BOP) includes both general liability and business personal property coverage. A BOP is often used to provide balanced coverage for small businesses that want to protect their own business equipment. Some examples of available coverages are:

• damage to your own business property;
• bodily injury;
• personal and advertising injury.

Learn more about business owner's insurance.

Cyber security insurance protects businesses against losses that are computer-related, like data breaches or ransomware events. Any business that uses computers is at risk for a cyber incident, so insurance is increasingly important. Cyber security insurance, sometimes called cyber liability or cyber risk, can cover situations like these.

• Data breach: Your consultant company’s computer system is hacked and your client’s data, including customer information, is leaked. You are obligated to indemnify your clients for breach costs. Cyber security insurance may cover these costs and provide assistance in handling the breach.
• Extortion: An employee clicks on a link in an email that turns out to be fraudulent, infecting your computer with malware that shuts down your system until a ransom is paid. Cyber security insurance may cover the cost to respond to the demand.

Learn more about cyber security insurance.