We are a family owned business that understands your business needs.
It is our privilege to do everything that we can to help you succeed. Our job is to help you protect your assets and have the coverage that you need at the lowest price that we can find. As our customer, you can be assured that you will have a team of licensed agents looking out for your best interest.
McEvoy has developed relationships with many different national and regional companies to provide multiple options for our customers.
We were founded in 1930 and have been thriving ever since. Today, we are as vital and energetic as we have ever been. Our staff consists of highly experienced insurance veterans as well as knowledgeable tech-savvy young adults.
We pride ourselves on our Customer Service. It is our pleasure to be friendly and helpful. As Independent Agents, we offer coverage for many different types of businesses. From restaurants to contractors; salons to photographers; grocery stores to painters and everything in between, we provide you with courteous, friendly assistance. Whether you need business owner’s; general liability; commercial auto; workers compensation or disability we can develop a package tailored to your business.
Feel free to call us, email or stop by and visit. We welcome new ventures, start-ups, and small businesses. You will not get lost in the shuffle. We will treat you and your business the way we would want to be treated.
McEvoy Insurance Ltd Insurance Agency
Watertown New York
Understanding Commercial Insurance
While some of the smallest businesses, like one-person operations, can go without commercial insurance, for most businesses it's a must. Most small and medium-size business can forgo the complexity of purchasing multiple policies by getting a business owner's policy (BOP), which is basically a bundle of essential coverage types.
The options packaged in a BOP vary, but almost every plan at least contains some level of business property insurance to cover the office building itself. Other common options are commercial liability insurance, business contents insurance, business interruption insurance and commercial vehicle insurance. Unlike business property insurance, business contents insurance covers the items inside the office, such as computers, uniforms and inventory.
The level of commercial liability coverage included in a business owner's policy may not be sufficient for large businesses, and in some cases, not even for small businesses. Liability insurance is designed to protect firms from lawsuits for personal injury, advertising injury and property damage. "Advertising injury" refers to claims that have to have to do with defamation or intellectual property: i.e. copyright and trademark infringement, libel or slander.
Imagine a case where a self-employed designer, who wouldn't ordinarily seem like a candidate for liability coverage, created a logo for a client, only to be sued for trademark infringement by a company with a similar logo. Most business owners associate commercial liability insurance with manufacturing and construction firms that are more accident prone by nature, but the possibility of any company being sued shouldn't be underestimated. In today's litigious society, even the smallest businesses are vulnerable to frivolous lawsuits.
When a person owns a commercial property, one must try to secure the commercial insurance which protects the investment. Commercial property frequently has a dissimilar structure, jointly with various sets of insurance requirements to residential property. To make sure that ones property is fully covered, a person needs protection which takes care of the properties unique attributes. In brief, the goal is to secure defense which will ensure the tenants to run industry from a property.
The main key features which policy must cover are property damage, glass and equipment coverage, public liability insurance and building cover. If one is to have public liability insurance then it provides one with the security that a public member must be injured at ones own property. If one has secure insurance then a person can remain protected from the financial loss in case someone gets injured e.g. an accident. However, Property liability covers circumstances were something leads to damage directly on the property. These alternatives will preserve ones finances.
Commercial buildings include costly glass frontages, commercial fixtures and fittings and electrical equipment. Commercial insurance is one of the methods for protecting this. If one has insurance which covers the failure of equipment, a person gets protection from an important financial burden. It can be failure of expensive AC system or possible breakage of glass.
Obtaining an appropriate commercial insurance to defend the assets could keep one away from several financial losses. However, it can be quite difficult to determine the need to cover in appropriate insurance. An insurance specialist can be a fine option if one is looking to cover all insurance options in an insurance policy.
How To Save On Commercial Insurance Quotes
Being a small business operator, you already know that you definitely have to get commercial insurance quotes for a company. Even though it seems pricey when you're only starting out, there are truly no two ways about it. If you ignore getting satisfactory insurance coverage for the company, you are in reality, taking a chance on your entire organization!
Most businesses are quite at risk inside the starting stage. Your finance is most probably restricted, and can quickly be reduced to zero (and even financial debt) in the event of a mishap, weather damages to your amenities or perhaps court action from a client. Errors do take place; it's really just a matter of time. You really do need insurance coverage, if you want the business to survive.
Having said that, how does one obtain coverage?
Clearly, you need to request commercial insurance quotes. Should you have never ever done that in the past, here are a few tips to acquire an insurance quote. First off; for the insurance firm to be able to provide you with a reasonable analysis of your requirements, the person will have to be aware of as much about your business as you're able to pass on.
Plentiful and accurate stats are the foundation of all commercial insurance quotes, mostly because no 2 organizations are the same.
For anyone who is in the chemical industry, the insurance agent will surely have to know an abundance of specifics about your products; whether or not they will be risky to create, as well as to environmental surroundings; about the manufacturing facilities & their compliance with construction codes & basic safety rules for the chemical substance industry.
Later on, it will probably be essential for the insurance company to deliver an individual to examine your facilities, but to obtain an initial quotation, plan to supply the maximum amount of information as you're able to from the beginning.
When considering obtaining commercial property insurance quotes, information is definitely the key.
Building real-estate is frequently among the list of largest posts on your insurance policy price range; mainly because a great number of pricey factors can go wrong with a structure. Once again, ready yourself by gathering any and all information you have about your building. This almost certainly includes having the ability to offer a somewhat recent report made by a construction inspector concerning the state of the building.
The insurance companies definitely will need to see a document from your building expert before they are able to insure; or they may engage their personal expert to produce the appraisal. The larger and more intricate your company is; the lengthier the quote will likely be under way, so organizing yourself as well as you can is definitely a good option.
How To Save On Commercial Insurance Quotes
If you have your own business, you may be bewildered by the range of commercial insurance you need. Some of these forms of insurance are required by law, whereas others might be stipulated by various professional bodies in order for you to practice. In other cases, insurance is advisable though not mandatory.
Types of commercial insurance
The wide range of sub-types of commercial insurance means that it is worth gaining specialist advice to make sure you are properly covered. Some of the most common kinds are summarised below, though the list is not exhaustive.
Employers liability insurance is mandatory, except in very restricted circumstances. Under the law you must arrange cover of at least million. Employers liability insurance protects you against claims from employees that arise in the course of their work. These can include accidents and injury, but also harassment, discrimination and wrongful dismissal, amongst other things.
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Public liability insurance provides cover for claims that arise from third parties or members of the public (who are unconnected with your business) in the course of your work. For example, you might need to pay costs in the event of an accident that is your fault that results in injury to a person or damage to property.
Professional indemnity insurance is generally required by those who provide advice in the course of their work. This covers you for claims that arise when that advice is, or is perceived to be, deficient in some way. It is often associated with lawyers and architects, but is a type of commercial insurance applicable to a much wider list of professions.
Directors and officers insurance protects key members of a company from decisions they make as managers. This is important because a claim can be brought against both individuals and a company itself; directors and officers can be held personally liable for decisions made on behalf of the company, meaning their own assets are at risk. D&O can cover you for mistakes made by previous as well as current directors.
Premises insurance. If you have separate premises you will need to organise cover for the buildings and contents. There are various additions for special circumstances, for example if you keep a large amount of cash on the premises. If you work from home then you will need to consider how this affects your home insurance. In some circumstances it will not matter. Generally, though, if your work raises the risk of damage or burglary (perhaps because there are more people coming to your house) then your insurer will be reluctant to cover you without raising your premiums. Similarly if you are keeping valuable equipment or stock at home, you will need to change your policy.
Vehicle insurance. This is mandatory for any driver, but you must also make sure that they are covered for business usage if they are driving their personal vehicles in the course of work. If you are transporting products, you should also consider goods in transit cover.
Personal insurance. There are various kinds of personal insurance you might want to think about if you have your own business. Life insurance is an obvious one, but critical illness cover could also be important (this can often be purchased on the same policy.)
Combined commercial insurance policies
There are many different kinds of commercial insurance, and purchasing individual policies can be expensive. One cheap way to go about acquiring all the different types of insurance you need is to get a combined commercial insurance policy. This allows you to access economies of scale and create a bespoke set of policies that is right for your requirements from a long list of types of cover.
Why You Need Commercial Insurance
Going bankrupt is a risk that any business owner wants to evade. No company owner would want to see the downfall of his enterprise. However, it should be realized that there are more risks involved in doing business than plain bankruptcy. There are natural and man-made phenomena that can cripple business operations. These are the ones that must be well addressed by every business owner.
Commercial insurance is a big investment for every company. This is because this policy provides protection to any firm that purchased it. It is this type of insurance that can cover your financial losses on damage or liability.
If you own a business and you chose to operate without this coverage, you are at risk of spending your personal money in the event of a misfortune. Commercial insurance takes away your worries of sacrificing your financial stance if a catastrophe takes place.
Imagine that your establishment is devastated by fire. What will you do if you do not carry insurance? How are you going to rebuild your establishment when all of your investment is lost? Quite distressing, isn't it? This is exactly the situation that business insurance saves you from. If your business does have insurance and is destroyed by fire, you can be sure that you will not be found with zero dollars because you are going to be reimbursed by your insurance company.
Your insurance for your business can do more than protecting you from damage. It can also protect you from legal liabilities you may be faced with if lawsuits are filed against you. A customer who gets injured in your premises will be covered by the policy. You do not have to take the settlement fees out of your pocket because your insurer pays in your place.
Now that you are convinced that there are more issues you need to face than bankruptcy, it is time for you to find an insurance that will provide you all the protection you need. In buying a policy, it is necessary to know your insurance needs before signing a contract. You may also seek the help of an insurance broker to help you understand every type of business insurance. Finding an insurance broker is relatively easy; even the internet is a venue for different insurers. This makes the task of finding and purchasing insurance simpler; with the internet, insurance companies are more accessible today than they were in the past.
Commercial Insurance For Beginners
Would you go boating without a life-vest? I certainly hope not. In the same way; would you run your business without having it insured in any way? Risking bankruptcy and failure, simply by not protecting yourself against theft, lawsuits, damage from water and fire, etc - would you make that mistake?
That should suffice for rhetorical questions for now, I think. Of course you wouldn't jeopardize your livelihood like that, so as any sensible business owner,you want commercial insurance. What type you want depends on what sort of business you run: If you work in the transport and freight sector, you would likely need to insure a vehicle of some sort - perhaps a truck. Well then; commercial truck insurance is what you need. The premiums will depend on the size of the truck, the use of it (could be hazardous materials), what shape it is in, etc. If on the other hand you are a doctor, you wouldn't dream of practicing your work without a malpractice insurance, would you? A single malpractice lawsuit could ruin you for life, so you probably would not risk that. No matter what field of business you are in though, there is one type of insurance you probably can't escape: Commercial liability insurance. This will save you from financial ruin, in case you, your company or a product you manufacture causes damage to someone. Most people have personal liability insurances, so the concept may not be foreign to you. Well, liability is just as important for businesses to concerned with - if not more so. No matter how sure you are of the qualities and safety of your products or services, you can never know for certain that they won't be able to cause damage to someone somewhere. No matter how well written your legal disclaimers and user manuals are; there will be people who misuse the product, so even if you are legally not at fault, you could still become subject to a lawsuit. Of course there is also the possibility that you missed a detail when designing your product - no matter how good your quality control is. Insurance is the only way to protect yourself against issues like these.
Commercial motor insurance is another example of how business insurance differs from personal insurance. To an insurance company, a vehicle used for business purposes will be subject to more wear, higher risk, etc; than a personal vehicle is. This may mean you have to pay more to insure a business vehicle in some cases, but not necessarily. What it does mean for certain though, is that the criteria used for risk-assessment are different when insuring the company car. A van insurance quote for instance, will be calculated differently if the van is to be used by a courier business, than if it was for private use. It may end up costing more - or it may end up costing less. No matter what you are insuring, remember to shop around for the best commercial insurance quotes. Take the time you need to find something that fits your needs, and spend what you have to - but please don't omit insurance when building your business.
Commercial Insurance For Businesses
Protecting your business is the central concern for most all business owners. Many of us take steps like backing up computer systems, installing alarms systems, procuring wall safes, all in the attempt to protect what we have worked so hard to gain. That fact that so many of us will go through such painstaking steps to safeguard against the obvious makes it all the more stressing that we often times will forget one of the most important aspects of covering our assets, commercial insurance. Commercial insurance can take on many forms, protecting your property, automobiles, general premises and much more. Obtaining a commercial insurance quote can be a much easier prospect than you may think.
We have all seen the omnipresent adds for automobile insurance that are constantly vying for our attention. They tend to make decision making an easier process. Finding a great quote for commercial insurance is as little as a quick Google search away. The majority of commercial insurance quotes are obtained by a commercial insurance broker or agent. What this means is that they will represent the client (you) on your behalf to interact with the various insurance markets to obtain the coverage your business will need in the event of a loss. If it sounds simple, that's because it is. Dependent on the size of your business you will likely be content with accessing a local "property and casualty" broker in your neighborhood. They will have the know how and access to the various insurance markets which you will eventually get your coverage. In fact, many carriers (insurance companies) will not deal with customers directly, thus you will be obligated to use an agent or broker. Most broker or agents will be available through the Internet or via personal meetings. You will need to provide your broker with a litany of information regarding your personal credentials as well as your business financials. Once all of this information is obtained your broker will present this information to various carriers in order to obtain the various insurance quotes. Using an insurance professional to place your coverage will provide two benefits, they will be able to quickly and efficiently determine the nature of risk your company is exposed to, and secondly, they will be able to seamlessly navigate the various markets on your behalf.
It is natural to want to protect what you have built through your hard work and effort. As you can see, neglecting your liability when it comes to insurance is not only silly, but down right neglectful. For as little as a few hundred dollars a year you can have up to a million dollars in liability protection. Should you need it, you will thank your lucky stars it is there for your protection.
Do You Need Commercial Insurance For Your Vehicle?
When it comes to insuring vehicles, individuals usually purchase personal auto insurance, while businesses buy commercial insurance policies. But whether or not you should have commercial auto insurance varies greatly depending on how you use your vehicle. Individuals who engage in certain business-like activities with their car should definitely contact their insurance company to check to see if they need to purchase additional insurance. Additionally, any small business owners who have employees drive vehicles as a part of the job need to look into commercial auto insurance as well.
What Do You Use Your Personal Vehicle For?
Any personal vehicle that is used sometimes for business purposes probably needs commercial vehicle insurance. While it is true that some personal auto insurance policies may cover damage that occurs during business to an extent, you need to check with your insurance provider. Make sure you are dealing with a well-qualified independent insurance agent who understands your needs and has experience in dealing with both commercial auto and personal auto insurance issues. If you are unsure whether or not your policy covers your automobile, your best option is to utilize the wealth of knowledge that your agent holds. Bring your policy to your agent and ask them to review the your policy and coverage with you. Don't leave your coverage to chance.
If you use your car or truck for any sort of business activity, you should consider purchasing commercial insurance for the vehicle. Do you deliver pizzas or other food with your personal car? What about delivering newspapers? Are you an event photographer that uses your own car to carry equipment? Any catering company, door-to-door consulting service, day care van service, real estate agent, or landscaping and garden service should definitely look into commercial auto insurance policies.
Businesses Need Commercial Insurance
Any vehicle that your business owns, leases, or rents, needs to be covered under commercial vehicle insurance. It's required in most states to cover any financial responsibility if you or an employee is at fault in an accident. Basically, if you or your employees drive company vehicles or personal vehicles to conduct business, you also will most certainly need commercial vehicle insurance. A benefit of commercial auto policies is that they allow you to list anyone that you employ as a driver, an option you don't always have with a personal auto policy. This way, any listed employee who needs to drive your vehicle can, without getting into issues that may come up should that person get into an accident.
Truckers in particular need to look into commercial truck insurance. Because trucks are much bigger vehicles and require special training to drive, truckers are held more liable for damages. They need to make sure they're covered under a commercial policy.
Consider Commercial Auto Insurance
Commercial auto insurance is also needed if you need more liability coverage than a personal insurance policy provides. In general, you'll need commercial auto insurance if the vehicle is owned by a corporate partnership, used to haul tools or equipment weighing more than 500 pounds, used to make deliveries, or is heavy enough to need state or federal filings. If this applies to your business, or if you use your personal car for any sort of business activity, look into commercial insurance today to protect yourself and your wallet.
Cheap Commercial Insurance - How to Find Cheaper Cover For Business Vans!
No matter where you live, obtaining cheap commercial insurance for van vehicles can be an exhausting ordeal if you are not completely prepared.
The entire process of searching out many quotes and comparing them to others in the market can be overwhelming for some people since it is hard to determine where to begin your search and what specific information you will require to examine each policy to each other.
Finding cheap commercial insurance on van vehicles is a necessary part of owning or leasing a commercial vehicle. Whether you are a small business owner or a private contractor, you will need to find the cheapest insurance for your commercial vehicle in order to ease your business expenses while providing the coverage you need.
Commercial Insurance Policies
If you take a quick look around you will find a vast number of commercial insurance policies through a variety of insurance brokers. Each insurance broker will have their own individualized rates and personalized policies that you can choose from or build yourself according to your needs.
You should have no problem finding cheap commercial insurance for van vehicles, the hardest part will be deciding on which insurance policy is right for you.
Commercial insurance policies are much different than individual personal automobile insurance policies. You need to examine each part of the insurance policy in order to become familiar with the coverage so you are well informed about the type of package you are insuring for your commercial vehicle.
The costs of a commercial policy will differ from the individualized insurance that you are typically used to. You should compare van insurance online for better results with a good broker. This also enables you to contact more insurers in one go.
Self Storage Units for Your Personal and Commercial Needs
Storage not only proves to be beneficial for the personal use but also numerous businesses make use of this as an extra space so as to store the extra things for a period of time. It is cost effective. Moreover you can store your things without any kind of hassle. It is the best option in case you are planning to go to abroad for a year, as by doing this you need not worry about your valuables and there is no need of distributing them among your family and friends. Self storage facilities lease space to the homeowners or to the businesses. The rented spaces are known as the units. Such facility is available in different sizes depending upon an individual's requirements. Some of the facilities also include storing the caravans especially when they are not in use.
Have your valuables outgrown your homes? Moving into a new house but having less space? Opting for self storage units are a better option. These kinds of units have gained immense popularity due to the ease and convenience they offer to the homeowners as well as to the businesses. If you plan to expand your home or business you can put your things into these units to protect your valuables during the expansion. Such kinds of units are flexible and are available in several sizes. These units are affordable and moreover they perfectly cater to your needs. There are numerous benefits of using self storage units both for your business purpose as well as for your home needs. First these units are secure. You can store your documents without thinking of any kind of damage such as rodent attack or heat damage as these units are well maintained. Moreover you can find the required documents easily as these units contain racks and filing systems. If you need a safe parking space for your car then you can opt for units made for car or other vehicles. Moreover they are safe and ensure complete protection. Thus in these units you can store almost any item for any time period as they offer complete peace of mind.
Self Storage companies can help you in finding reliable units. To find out a reliable company you can browse the internet. Ensure that you deal with a highly experienced and professional company offering outstanding customer service. Several companies also offer exciting deals on boxes and other packing materials that in turn keep your valuables safe and secure and in good condition too. Some of the companies also offer U-Haul trucks and other moving facilities to make your move comfortable and hassle free. Such companies also provide many units and thus you can choose as per your requirements.
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While selecting a unit it is advisable to have a thorough look and check weather it has the plenty of light, automated security gates, surveillance cameras, etc. Also ensure how safe and secure the setting is? It is also mandatory to check the insurance issues. Go through the rental agreement details completely.
Personal Insurance For Property Investors
Are you an employee or a self-employed business person dependent on income derived by sweat of the brow? Do you carry any personal debt or debt over your principal place of residence or investment properties? Do you have dependents that rely on you to provide for their financial security, today and in the future? Chances are for most of us the answer to at least one of these questions is a definite yes.
You are then left to make a choice. Do you accept the risk and hope that you will never become sick or disabled and have to stop working or that you will not die prematurely leaving your dependents with substantial amounts of debt and inadequate financial resources. Or, do you plan for and manage the risk by taking out appropriate insurance.
For most of us the prospect of losing our ability to earn income and dying prematurely may seem a little unlikely to give it due consideration. After all it is human tendency to waiver on the side of optimism on such issues and assume that 'it will never happen to me'. But the reality is that it does happen to people just like you every day of the week. So, how can you plan for and manage these risks? Well, there are a range of different insurances specifically designed to meet these specific risks, the combination of which can provide a comprehensive risk protection plan. Below is a brief overview of the most important personal insurances for property investors.
Income Protection Insurance
Income protection insurance can provide you with an income in the event that you become totally or partially disabled and are unable to work. Income protection insurance provides up to 75% of your pre-disability income. Benefits are payable after the expiry of a selected waiting period and apply for a predetermined period (the benefit period) providing you remain totally or partially disabled.
If you are dependent on earning a salary or wage to support your current lifestyle and to create wealth for you and your defendant's future than income protection insurance is a must. If you own negatively geared investment property then your need to protect your income is even greater than for most other individuals. Whilst negative gearing is an appropriate strategy for certain investors its success as a strategy revolves solely around your ability to continue earning income. If you lose that ability and do not have income protection insurance then chances are you will be flat out supporting you and your dependent's lifestyle without your usual income, let alone supporting a negatively geared property portfolio.
Life Insurance
Life insurance won't do much for you as the insured but it will do a lot for those dependents you leave behind. Life insurance provides your dependents with a lump sum that may be used to pay off any debts you have (e.g. credit card, home loan, personal loans, investment loans etc.), pay for funeral expenses, and to provide an investment amount sufficient to generate enough ongoing income to support your dependents.
If you carry debt (like most property investors) and do not yet have enough financial resources to support your dependents if you were to prematurely die, then life insurance is absolutely critical for you. Losing someone close can be one of the most traumatic experiences in life and one additional pressure that your dependents could do without is that of servicing debt without your income and facing the prospect of going to the market with your investment properties to free up some money to meet living expenses. Given the relative illiquidity of property it may very well take several months before your dependents can liquidate your properties and retire the debt. All of this during a period that should otherwise be spent grieving, not scratching around for money to meet living expenses or dealing with real estate agents and creditors.
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Total and Permanent Disability Insurance (TPD)
TPD insurance provides you with a lump sum payment in the event that you become totally incapacitated through injury or illness and satisfy the policy's definition of TPD. TPD insurance can be used to pay off existing debts, to pay for any medical costs not covered by your health insurance, to pay for any necessary modifications to your home or vehicle, and to provide you with an investment amount sufficient to generate ongoing income to compensate for your lost income.
Once again, if you carry debt and do not yet have enough financial resources to support yourself and your dependants if you were to become disabled than TPD is an absolute necessity, even if you have income protection insurance. Remember, income protection insurance only provides up to 75% of you pre-disability income which for most people is insufficient to support both their existing lifestyle and wealth creation objectives, let alone their increased cost of living as a result of their disability.
Contact Details:
McEvoy Insurance Ltd
1613 State St
Watertown, NY 13601
Phone: 315-782-3900
Website: https://mcevoyinsurance.com/
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