3 Types of Online Business Insurance You Need to Know About
Posted on November 22, 2022 by admin • September 24, 2025

September 24, 2025

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.


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Commercial Auto Insurance: A Must-Have for Albany Businesses on the Move

By Posted on October 30, 2024 by admin • September 24, 2025
For businesses in Albany, NY that rely on vehicles for their daily operations, commercial auto insurance is not just an option—it’s a necessity. Whether you’re running a delivery service, a contractor business, or a sales company, commercial auto insurance can provide the protection you need on the road. This blog post from M&K Dignum Insurance Agency Inc. will explain why commercial auto insurance is a must-have for Albany businesses on the move. What is Commercial Auto Insurance? Commercial auto insurance is a type of insurance policy that covers vehicles used for business purposes. It provides coverage for physical damage, liability, and medical payments, among other things. Whether your business owns a single car or a fleet of trucks, commercial auto insurance can help protect your business from the financial impact of a vehicle-related incident. Why is Commercial Auto Insurance Essential? Accidents happen, and when they do, the costs can quickly add up. From vehicle repairs to medical bills and legal fees, the financial burden can be significant. Commercial auto insurance can help cover these costs, protecting your business’s bottom line. Furthermore, in Albany, NY, businesses are legally required to have commercial auto insurance for their vehicles. Failing to have the right coverage can result in fines, penalties, and even the suspension of your business license. Why Choose M&K Dignum Insurance Agency Inc.? At M&K Dignum Insurance Agency Inc. , located in Albany, NY, we understand the unique insurance needs of businesses. Our team can help you understand your commercial auto insurance options and ensure you have the right coverage for your business’s needs. Contact us today to learn more. If you are ready for the next set of blog topics, reply with blog, the number corresponding with the blog, and the word topics. (Example: “blog 2 topics”) Posted in Commercial Insurance Tagged Albany NY , Commercial Auto Insurance , M&K Dignum Insurance Agency Inc.

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By Posted on September 23, 2024 by admin • September 24, 2025
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By Posted on August 30, 2024 by admin • September 24, 2025
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