New York Business Insurance

Customized protection for your New York business

New York business owners should consider several types of business insurance to protect against risks associated with daily operations, employees and business property. Choosing to run a business in New York without insurance could lead to severe financial hardships such as lawsuits and recovery costs.

In 2018, private sector businesses accounted for about 70% of New York state’s 200,600 non-fatal workplace injuries. Incidents like these can disrupt business operations and threaten output, cashflow, assets and more. Insurance helps minimize these setbacks.

Shop for business insurance through The Progressive Advantage® Business Program. We’ll help you customize a New York business insurance policy based on your needs.

Types of NY business insurance

General Liability

General liability is the most common business liability coverage and almost every New York business owner should consider it. It protects against third-party bodily injury and property damage, as well as personal and advertising injury.

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Commercial Auto

Commercial auto protects against damage to your vehicles and trailers, as well as injuries or property damage related to their use. Personal insurance usually doesn’t cover vehicles used for business. Use this tool to see if you need a commercial auto policy.

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Workers' Compensation

Workers’ compensation is required in New York if your business has employees. It helps pay for medical expenses and lost wages of employees who become injured or ill on the job.

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Business Owners Policy (BOP)

A BOP combines property and liability coverage into one easy-to-manage policy. It’s popular among owners of small to medium-sized businesses who rent or own the building in which they do business.

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Professional Liability

New York businesses that provide professional services, such as consultation or accounting, should consider this coverage. It protects businesses from claims of professional negligence and helps pay for defense costs. It’s also known as errors and omissions insurance (E&O).

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Cyber Insurance

Cyber insurance protects against incidents like data breaches and cyber attacks. It includes first and third-party protection for things like investigative services, data recovery and legal costs. Businesses that store or manage credit card numbers should consider this coverage.

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Browse for New York business insurance by your profession.

How much does New York business insurance cost?

The cost of business insurance in New York depends on a variety of factors including your business’s size, location, and coverage needs. For example, a business in a highly populated area like New York City can expect to have a different rate than one located in a less populated city like Binghamton.

The most influential factor, however, is the type of work that you do. Businesses are typically rated on the exposures that are unique to their industry. High-risk professions like tree trimmers and manufacturers can expect to pay more for coverage.

Learn more about the factors that affect your business insurance rate. You can also get a customized quote online to find out exactly what you’ll pay.

New York business insurance requirements

The state of New York requires all businesses with employees to carry workers’ compensation. Small business owners have the option to purchase coverage through a private insurance carrier or through the state’s private insurance fund.

Unpaid volunteers and most subcontractors are considered employees and could be required to be covered by a workers’ comp policy, according to the New York State Workers’ Compensation Board. Learn more about workers’ compensation in New York.

Other business insurance like general liability and a BOP aren’t required by law, but you’ll likely need them before entering a contract with a client or landlord.

Resources for New York small business owners:

New York professions we insure

We help small business owners from a wide variety of industries, including these common professions:

Browse more examples of professions we insure.

Why Progressive?

Commercial Expertise – We’re the #1 Commercial Auto Insurer in America*. You can trust our team of specially trained, in-house agents with all of your business insurance needs. They’ll help you build a customized policy that matches the needs of your New York business.

Convenience – There’s several ways to get a quote whether you need a single New York policy or a combination of coverages. Simply start a quote online or call us to speak directly with a licensed agent.

Adaptable – We can help you secure coverage at any stage of your business’s development with the flexibility to adjust your policy as your business changes. Our agents will work with you to find protection that meets both your needs and budget.

Business insurance for all cities in New York

We insure businesses in all New York locations, including, but not limited to:

  • New York City
  • Buffalo
  • Syracuse
  • Albany
  • New Rochelle
  • Rochester
  • Yonkers
  • Mount Vernon
  • Schenectady
  • Utica

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*No. 1 commercial auto insurer from SNL Financial’s 2019 national written premium data.