Protect Your Brooklyn Business with the Right Insurance
                     PROTECT YOUR
BROOKLYN BUSINESS
WITH THE RIGHT
INSURANCE
ESSENTIAL COMMERCIAL INSURANCE
INSIGHTS FOR BUSINESS OWNERS
WHY BUSINESS
INSURANCE MATTERS
IN BROOKLYN
Brooklyn is a hub for diverse 
businesses with high customer 
traffic. Business insurance 
protects against financial losses, 
liability risks, and legal issues. 
State and local laws often 
require specific types of 
coverage. Unexpected events 
like property damage, lawsuits, 
or employee injuries can disrupt 
operations.
KEY FACTORS TO
CONSIDER
• Type of Business – Insurance needs vary 
by industry. A retail store has different risks 
than a tech startup.
• Legal & Contractual Requirements – 
Leases, lenders, and state laws may 
require specific policies.
• Risk Assessment – Identify risks such as 
customer injuries, cyber threats, or 
property damage.
• Budget & Coverage Balance – Select a 
plan that offers adequate protection 
without overspending.
COMMON TYPES OF
BUSINESS INSURANCE
✔ General Liability Insurance – 
Covers third-party injuries, property ✔  Cyber Liability Insurance – 
damage, and legal costs. Protects against data breaches and cyberattacks.
✔  Commercial Property Insurance 
– Protects buildings, equipment, and ✔  Commercial Auto Insurance – 
inventory from fire, theft, and Covers vehicles used for business 
disasters. purposes.
✔  Workers’ Compensation ✔  Umbrella Insurance – Provides 
Insurance – Required for businesses additional liability coverage beyond 
with employees, covering work-related standard policies.
injuries.
MEETING
BROOKLYN’S
BUSINESS
INSURANCE
REQUIREMENTS
• Legal Compliance: NY state 
mandates Workers' Compensation 
Insurance for businesses with 
employees.
• Lease Agreements: Many 
landlords require General Liability 
& Property Insurance.
• Client & Vendor Contracts: 
Some contracts specify minimum 
coverage levels.
• Loan & Investment 
Agreements: Lenders often 
require proof of insurance before 
approving financing.
HOW TO CHOOSE THE
RIGHT POLICY
• Assess risks specific to your business type.
• Compare different policies and coverage options.
• Work with an experienced local insurance 
agent for expert guidance.
• Ensure compliance with all legal and contractual obligations.
• Regularly review and update your policy as your business grows.
THANK YOU
(718) 931-4900 [email protected]
WWW.IGMBROKERAGE.COM 2844 WESTCHESTER AVENUE, 
BRONX, NY 10461