When you own a business, there are many aspects to that business that can pose a legal and financial risk to you. This is why business owners need to have commercial insurance. There are many different types of commercial policies, and some will be right for your business. To find out more about commercial insurance, call us at Sloan Insurance Agency in Elmer, NJ.
Workers’ Compensation Insurance
This is a type of commercial insurance coverage that is mandated by most states, including New Jersey. This type of insurance is there to pay for injuries or illnesses that happen while an employee is at work. This insurance is great for your business because it means that your company won’t have to come up with the money to pay for the medical bills. Instead, the policy will pay for them.
General Liability Insurance
There are many different types of liability coverage that are included in this policy type. It protects you against a number of different scenarios in which your business could be found liable. This is valuable protection that your business shouldn’t be without, although this type of insurance is not mandatory in New Jersey.
Commercial Auto Insurance
If your company owns a car or truck, that vehicle has to be covered by a commercial auto policy. This policy is helpful to your business because it pays for medical bills and other costs generated by the vehicle it owns. Without this coverage, any accident that you are liable for would be paid out of your pocket. With this coverage, it can be paid for without you being sued for the amounts.
Getting Commercial Insurance
Your business should have the basic types of insurance coverage it needs to keep itself financially protected. If you need one or more policies, call us at Sloan Insurance Agency in Elmer, NJ.