Commercial Insurance in New Jersey
Commercial insurance is necessary in New Jersey regardless of whether you work at home or have a traditional company in a brick and mortar building. The field of business insurance, though, is a bit confusing. There are many options for which many business owners know nothing. Sloan Insurance Agency can help you navigate through the chaos and ultimately protect your business in Elmer, NJ.
What does commercial insurance cover?
Commercial insurance covers a variety of issues that you may encounter in business. The following are the more popular types of protection:
- Errors and Omissions, which covers poor judgments made on the part of the business owner. Many lawyers and consultants purchase Errors and Omissions insurance to protect them from lawsuits where the client took their advice and suffered either financial or physical injury.
- Commercial Auto Insurance, which covers accidents and other incidents involving company vehicles.
- Workers’ Compensation Insurance, which pays when a worker is injured on the job or off-site but still on company business. Workers’ compensation is required even if you only have one employee. New Jersey law has strict rules regarding this type of insurance and fines business owners who lack proper coverage. You may even find yourself on the receiving end of a lawsuit if a worker is hurt and you lack workers’ compensation insurance to pay for his time off from the job.
Other forms of commercial insurance include malpractice as well as property insurance. Those who lease spaces do not need to obtain property insurance. A general liability plan along with workers’ compensation may be enough to comfortably launch your company in Elmer, NJ.
Call Sloan Insurance Agency for help!
We can thoroughly explain all options for commercial insurance so that you get the plan that your company deserves. Don’t delay! Call us today to get started with a quote!