2.3M businesses in New York

Business Insurance in New York

Join 2.3M businesses in New York using AI to optimize insurance costs. Our analysis covers 5 major industries and saves an average of $$52,000/year.

2.3M
Active Businesses
$47.2B
Market Size
$$52,000
Average Savings
5
Major Industries

Average Insurance Costs in New York

See how your premiums compare to market averages

General Liability

$1,200/year

Market average for New York businesses

Professional Liability

$2,800/year

Market average for New York businesses

Cyber Liability

$1,500/year

Market average for New York businesses

Workers Comp

$2.50 per $100 payroll

Market average for New York businesses

Commercial Property

$0.85 per $100 value

Market average for New York businesses

Major Industries in New York

Specialized insurance solutions for New York's key business sectors

Financial Services
Real Estate
Technology
Healthcare
Retail

New York Insurance Requirements

Mandatory and recommended coverage for businesses in New York

Workers' Compensation (required for all employees)
Disability Benefits Law (DBL) coverage
Commercial Auto (if using vehicles)
Professional Liability (for licensed professionals)

Key Risk Factors

Common risks facing businesses in New York

High lawsuit frequency
Cyber attack targets
Natural disaster exposure
Regulatory compliance

Top Insurance Providers in New York

Leading insurers serving businesses in New York

State Farm

12%
Market Share
Specialties:
General LiabilityCommercial Auto

Liberty Mutual

9%
Market Share
Specialties:
Workers CompCyber

AIG

8%
Market Share
Specialties:
Professional LiabilityD&O

Economic Impact on Insurance

High cost of living drives up premium costs. Dense urban environment increases liability risks. Strong regulatory environment requires comprehensive coverage.

Ready to Optimize Your New York Business Insurance?

Join 2.3M businesses in New York already saving an average of $$52,000/year

No credit card required · 5 minute setup

Business Insurance in New York | Coverage Manager AI