The state of New York, with its massive economy, tax-based incentives, and spirit of entrepreneurship, is an ideal home for small business owners. The state has a rich history, natural beauty, and unparalleled quality of life. And from the stock exchange in the Big Apple to the booming development in Buffalo all the way north to international business opportunities at the Canadian border, New York has much to offer entrepreneurs.
Small businesses comprise 98 percent of New York State’s businesses, and more than half of New Yorkers who work in the private sector are employed by small business owners. Opportunities abound in the transportation, manufacturing, and distribution industries. Additionally, New York boasts a diverse workforce, strong state economy, and excellent job market. New infrastructure projects, a thriving real estate market, and active tourism industry all contribute to the vast array of small business opportunities.
In New York State, small business owners are required to carry workers’ compensation insurance and commercial auto insurance. Small businesses may need to carry professional liability insurance, property insurance, or other types of insurance depending on the nature and location of the business.
Pie Insurance providers workers’ compensation insurance in New York.