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M&K Dignum Insurance Agency, Inc.

622 Loudon Road Suite 204
Latham, NY 12110

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Commercial insurance: Answering 5 FAQ about policies in Albany, NY

Any small business is a big investment.

M&K Dignum Insurance Agency Inc. can help ensure it’s protected. The agency answers five common questions about the importance of commercial insurance.

What is commercial insurance?

Simply put: commercial insurance protects your business. These policies cover companies, corporations, and other entities. Coverage varies but may include loss due to vandalism, theft, injury, damage, or even lawsuits. Employees and staff are covered while at work.

Why do I need commercial insurance?

Owning a business is already risky. Commercial insurance minimizes risk by safeguarding your investment. In the event of an accident or if loss does occur, this plan will help you recover. Commercial insurance grants peace of mind, so you can focus on growing your business.

What’s included in commercial insurance?

Every plan is unique. However, most commercial policies contain similar features. Premiums, the amount a business will pay for coverage, varies based on work performed, size, and years of service. If you file a claim, you will also pay a deductible. Your policy will establish clear limits, exclusions, and other restrictions too.

What types of coverage are available?

While any plan can be personalized, commercial insurance usually offers three primary coverage areas.. Property insurance safeguards the physical location of a company and any equipment. Liability coverage protects against bodily injury and other damage if you are determined to be at fault. Finally, income insurance reimburses for any loss of revenue caused by an incident.

What types of insurance are required?

Businesses typically require more than one type of insurance depending on work and services provided. Only a professional agent can evaluate your needs and find the right solution.

Contact M&K Dignum Insurance Agency Inc.

Serving Albany, NY, the agency can construct a commercial insurance policy that protects you and your business. Call today. 

Our Partners:

  • Andover Insurance
  • Eastern Mutual
  • Hanover Insurance
  • Liberty Mutual
  • Main Street America
  • Nationwide
  • NYCM
  • Progressive
  • Security Mutual
  • The Hartford
  • Travelers