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3 Types of Online Business Insurance You Need to Know About

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You must be adequately insured if you’re running an online business in Albany, NY. Although many policies are available to help cover your business and assets, knowing which types best fit your needs is essential.

Here are three types of insurance you should consider for your business from our team of insurance experts at M&K Dignum Insurance Agency Inc.

3 Types of Online Business Insurance 

General Liability Insurance

As an online business, you are susceptible to lawsuits and other risks. Without general liability insurance, you could be sued for damages caused by your business, such as if your product accidentally causes damage to a customer’s property. This insurance can help protect your business from these risks.

General liability also covers you in reputational harm cases, such as when a customer claims a poor interaction with your business damaged their personal or professional reputation. You may also use a general liability policy to protect your intellectual property from theft or other misuse.

Product Liability Insurance

You may be held responsible for the products you sell, even if you didn’t make them. Product liability insurance can help protect your business from costly lawsuits. If a customer is injured by a product you sell, they may sue you for damages. Product liability insurance can help cover the costs of these lawsuits, including legal fees, settlements, and judgments.

Professional Liability Insurance

Professional liability insurance will protect you financially if you are sued for negligence or for giving bad advice. It will also cover you if one of your clients suffers a financial loss because of something you did (or didn’t do). Without professional liability insurance, you could face a substantial financial burden if something goes wrong. The cost of defending yourself in court can be astronomical; if you lose, you could be ordered to pay damages and legal fees.

These are just some examples of insurance that can benefit an online business. Others that might be of interest include cybersecurity insurance and business interruption insurance.

Contact Us Today

Our team at M&K Dignum Insurance Agency Inc. is happy to serve clients in Albany, NY and surrounding areas. We offer insurance services to help protect your online business. We are here to help you find the right coverage, and we will work with you to find a policy that fits your needs.

If I rent out a room in my house, do I need to change my home insurance?

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If you’re renting out a room in your house in Albany, NY, you may be wondering if you need to change your home insurance. Unfortunately, there’s no consistent answer because home insurance policies differ widely on this one. Sometimes policies from the same insurance company even differ, so be careful about googling for an answer.

We recommend checking in with a qualified insurance agent at M&K Dignum Insurance Agency Inc. agents to see what your policy covers before renting a room in your house. That doesn’t mean you can’t get a roommate, but you may need to purchase additional coverage or a separate policy if you want to be sure that you’re covered. 

To determine the best coverage, here are some things to keep in mind when renting out a room:

  • Does my current policy cover roommates?
  • Do I need to purchase additional coverage or a separate policy?
  • What kinds of things will my new policy cover?
  • How much will it cost to add this coverage?

Get The Right Insurance Coverage For Your Needs Today

There’s no one-size-fits-all answer when it comes to changing your home insurance policy if you’re renting out a room in Albany, NY. It depends on your insurance company and your policy. Some policies cover roommates, and some don’t. It’s a good idea to check with M&K Dignum Insurance Agency Inc. to see what your policy covers before renting a room in your house. You may need to purchase additional coverage or a separate policy if you want to be sure that you’re covered. 

Do I need auto insurance in New York?

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People living in the Albany, NY area are going to find that being a car owner is a good idea as it can make your life much more efficient and convenient. While there are benefits that come with owning a car, you do need to make sure you have proper coverage for it.

There are different reasons why NY car owners need to have auto insurance:

You Need to Comply with Law

One of the reasons that someone here will need to carry this insurance is so they can comply with the law. New York drivers need to make sure that they meet all standards set by the state, which will typically include having liability coverage. If you do carry this insurance at all times, you can avoid penalization while also being protected against the risk of being named liable in an accident. 

You Want to Cover Your Vehicle

While it is important that you remain covered with insurance to be in good standing with the law, protecting your car is also beneficial. If you are able to invest in this insurance with comprehensive coverage, you will get support to replace or repair your car. This will be helpful if your car is damaged in an accident, stolen, or you incur another type of loss. 

Get Auto Insurance Today

If you are a resident of the Albany, NY area, you will want to own a car and ensure you have the proper coverage. There are a lot of choices you need to make when looking for support and the team with M&K Dignum Insurance Agency Inc. will help you build an ideal plan. M&K Dignum Insurance Agency Inc. provides you with ongoing support to ensure you know all of your options and needs as you build a new plan. 

Required Commercial Insurance in New York

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If you own a business in New York, chances are that you need at least one type of commercial insurance to stay legal. There are two types of commercial insurance that the state mandates, but not every company will need them both. It’s important to know what they are so that you know if you need to get them to protect your company.

To get started with commercial insurance, call us today at M&K Dignum Insurance Agency Inc. in Albany, NY.

Required Commercial Insurance

Workers’ Compensation Insurance

This type of insurance pays for the medical bills and other expenses such as lost wages for employees who are injured while working or who contract a work-related illness. It also pays disability benefits when necessary. This type of insurance is important for protecting your business from these expenses after an accident. It’s also important for employees to know that it’s there in case an accident should happen. In New York, if you have any number of employees working any hours, even part-time, you must have this insurance for those employees. 

Commercial Auto Insurance

If your business owns any type of vehicle, it must be covered by a commercial auto insurance policy. There are several types of coverage that have to be in this policy to keep it legal. There are several amounts that are required to be included in these policies. There is an amount required for bodily injury liability for a single person injured in an accident, and other is required for all of those who are injured. There is an amount required for one person’s death and another amount for everyone who has died. There is an amount required for property damage liability and one for personal injury protection. Then, there are amounts required for one person injured by an uninsured motorist and another for all of those injured. 

Get Insurance Coverage

To get your commercial insurance, contact us at M&K Dignum Insurance Agency Inc. in Albany, NY.

My Home Is Under Construction. How Do I Insure It?

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Your home is under construction. You’ve put a lot of time and money into it, and you don’t want anything to happen to it.

But what happens if something does go wrong? How do you insure your home during construction?

M&K Dignum Insurance Agency Inc. in Albany, NY can assist you in navigating important insurance coverages. Here we discuss how to protect your investment by insuring your home during construction.

Get Builder’s Risk Insurance

There are a few different ways to insure your home during construction in Albany NY. The most common way is to purchase what is known as a builder’s risk policy from M&K Dignum Insurance Agency Inc. This type of policy will protect your home from the damage that may occur during the construction process. Builder’s risk policies typically cover things like fire, wind, and hail damage. It’ll also usually cover theft of materials from the job site.

Get Homeowners Insurance

Another way to insure your home during construction is to purchase a homeowner’s insurance policy. This type of policy will protect your home from the damage that may occur after the construction process is completed. Homeowner’s insurance policies typically cover things like fire, wind, and hail damage. It’ll also usually cover theft of personal belongings.

Get Warranty Insurance

Another way to insure your home during construction is to purchase a warranty policy. This type of policy will protect your home from the damage that may occur after the construction process is completed. Warranty policies typically cover things like defects in workmanship or materials. They will also usually cover repair or replacement costs if something goes wrong with the home after it is built.

Give Us A Call

For more expert insurance advice, please feel free to contact us at M&K Dignum Insurance Agency Inc. in Albany, NY.

We’ll be happy to help you insure your home during construction.

Why Add Commercial Auto Insurance Coverage

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Commercial auto insurance is a must if you own a business in Albany, NY and surrounding areas. This type of coverage protects your business from financial losses because of accidents involving company-owned vehicles. Whether you have a fleet of delivery trucks or a single car used for business, commercial auto insurance can help keep your business afloat if an accident should occur.

What is Commercial Auto Insurance?

Commercial auto insurance is a type of business insurance that helps protect businesses from financial losses because of company-owned vehicle accidents. This coverage can help pay for repairs to the vehicle and medical expenses for any injuries caused by the accident. It can also help cover the cost of a rental car if your company vehicle is damaged in an accident and cannot be driven.

Many types of commercial auto insurance policies are available, so it is essential to talk to your insurance agent at M&K Dignum Insurance Agency Inc. about the right coverage for your business. Some businesses only need basic liability coverage, while others may benefit from more comprehensive policies covering property damage and bodily injury. No matter what type of policy you choose, commercial auto insurance can help protect your business from the financial burden of an accident.

Why You Need Commercial Auto Insurance in Albany, NY

Commercial auto insurance is a must if you own a business in Albany, NY. This type of coverage protects your business from financial losses because of accidents involving company-owned vehicles. Whether you have a fleet of delivery trucks or a single car used for business, commercial auto insurance can help keep your business afloat if an accident should occur.

To learn more about commercial auto insurance and how it can benefit your business, contact M&K Dignum Insurance Agency Inc. today.

Is It Time for an Auto Insurance Audit?

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If you’ve had an auto insurance policy for a long period of time, you might want to consider reviewing it and making some changes. It’s easy to get a policy and just renew it as required, but that doesn’t necessarily mean it’s the best policy for you as your needs change.

If you’re in the Albany, NY area, reaching out to M&K Dignum Insurance Agency Inc. can help you get a great auto policy audit that will help you make adjustments to your coverage. 

Is It Time for an Auto Insurance Audit?

Adding a driver or changing vehicles are two very common reasons why someone would choose to update their policy. But you also want to make updates if you move, or if you have other significant changes in your life.

Reaching out to ask questions about your policy is a good idea anytime changes are made, and many people review their policies when they renew them, as well. Depending on your needs and personal situation, it might be possible for you to find a better policy that more accurately reflects your needs.

Working with a trusted insurance agent is the best way to be sure you’re finding a policy that gives you strong coverage and protects what matters. You can do that more easily by talking to an agent who can help you audit your current policy, discuss any potential coverage changes, and show you options that will help meet all your requirements.

Contact Us Today

Reach out to the M&K Dignum Insurance Agency Inc. if you’re in the Albany, NY area and interested in an auto insurance audit. Not only will that help you have more peace of mind, but it could give you additional coverage and protection that you don’t currently have.

Protecting yourself and others on the road is important, and we’re here to make it easier.

Homeowners Insurance Options In Albany, NY

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When you’re looking for homeowners insurance, M&K Dignum Insurance Agency Inc. can help. Finding the right homeowners’ insurance policy is essential for providing adequate coverage for your home. As a resident of Albany, NY, here are the homeowners’ insurance options you need to know about.

Factors You Need to Consider When Choosing Homeowners Insurance

There are different factors you need to consider when you’re thinking about insurance for your home, such as the size of your home and the type of home you’re insuring.

Included Coverage Options in A Homeowners Insurance Policy

There are different coverage options included in this policy:

  • Dwelling insurance
  • Possessions insurance
  • Liability insurance
  • Loss of use insurance

Dwelling insurance is coverage that helps you repair your home when it’s damaged. Possessions insurance makes sure your personal belongings, such as electronics, clothes, and furniture, are insured if they are damaged. Liability insurance helps cover the cost of third-party property damage and injuries caused by negligence or mistakes. Loss of use insurance helps you cover the cost of hotel bills when your home is severely damaged and uninhabitable, causing you to be temporarily displaced.

Specialty Homeowners Insurance Coverage Options

Standard homeowners insurance options give you the ability to choose different enhanced coverage. This enhanced coverage can include:

  • Scheduled items riders
  • Secure backup coverage
  • Equipment breakdown endorsements
  • Medical payments insurance
  • Detached structure coverage

These specialty homeowners insurance coverage options are not required to be added to your initial homeowners’ insurance policy.

 Here at M&K Dignum Insurance Agency Inc., we are here to help you with your homeowners’ insurance needs in Albany, NY as well as commercial and auto insurance. Contact us today to learn more about our insurance services. We look forward to helping you!

All You Need To Know About Auto Insurance

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Auto insurance is the type of insurance that covers cars, motorcycles, trucks, and other road vehicles. If you are a car owner, and you live in the state of New York, you should know that auto insurance is mandatory, and driving without it is illegal. If you are currently shopping for auto insurance, here is what you need to know about it. 

What Should You Know About Auto Insurance?

  • There are certain factors that have an impact on the cost of auto insurance. These factors are the type and model of your car, your driving habits, demographic factors, deductibles you choose, your credit, and some others. 
  • There are ways to lower your auto insurance costs. One of them is to use discounts. To know whether you are eligible for any discounts, you need to talk to an insurance agent of insurance company and negotiate and costs of insurance. 
  • There is a difference between collision and comprehensive coverage. Many people do not know the difference between these two types of coverage. The difference is that comprehensive coverage provides protection against damage and theft, while collision coverage reimburses you from damage as a result of a collision. 

M&K Dignum Insurance Agency Inc. – Your Trustworthy Insurance Company In New York

Are you a car owner living and driving in the state of New York? Are you looking for a new insurance policy in Albany NY or any other nearby town? Then, contact M&K Dignum Insurance Agency Inc. which specializes in all types of insurance, including auto insurance as well Our knowledgeable insurance agents serving clients in Albany NY and other surrounding areas will help you find a perfect policy based on your insurance needs and preferences. Do not hesitate to visit our website for more information or give us a call. 

4 Benefits of home insurance in Albany, NY

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Owning a home is an investment. Home insurance helps protect what you value most.

Home insurance grants safety, security, and peace of mind. But, there are also very real, tangible benefits.

M&K Dignum Insurance Agency Inc. can help. Serving Albany, NY, their professional agents share four ways home insurance policies provide the necessary protection.

Protects property

Unsurprisingly, home insurance protects your primary dwelling. In fact, this is the biggest benefit of home insurance. If damage does occur, these policies can reimburse for any needed replacements or repairs. This protection extends to other areas of your property too. Detached garages, sheds, fences, and decks could all be covered.

Covers possessions

The contents inside the home are protected too. Personal property coverage may pay for any belongings that are damaged, destroyed, or stolen. Policy limits vary greatly, so it’s important to take an inventory of your possessions when finding the right coverage. Appliances, furniture, electronics, and other valuables are likely covered.

Provides liability protection

Nearly any insurance plan will include liability. If you are determined to be legally responsible for an accident on your property, liability protection kicks in. While your repair costs are already covered, these plans may also reimburse legal fees and medical bills that were incurred as a result of this incident.

Offers loss of use protection

Unexpected disasters are unavoidable. If a storm or other catastrophe forces you to temporarily relocate, your policy may pay for additional living expenses. This includes food, lodging, and any increased travel costs.

Contact M&K Dignum Insurance Agency Inc.

Serving Albany, NY, the agency can set up a personalized home insurance policy that keeps you and your family protected. Access to all the benefits of home insurance is only a phone call away. Schedule an appointment today.

Our Partners:

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

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