How to Choose the Right Commercial Insurance Policy for Your Business

Businesses of all sizes need to protect themselves from potential risks and liabilities. While some companies may choose to self-insure, most will need to purchase a commercial insurance policy. But with so many policies and providers available, how do you know which one is right for your business? Here are some tips on choosing the right commercial insurance policy for your business.

1. Assess Your Risks

No two businesses are alike, so it’s essential to tailor your insurance policy to fit your specific needs. The first step is understanding what risks your business faces. To get started, answer the following questions:

  • What type of product or service do you sell?
  • What are the potential consequences of a mistake on your part?
  • Do you have any employees? If so, what kind of training do they receive?
  • Do you operate in a high-risk industry?

Once you’ve identified your risks, you can start shopping for the right insurance policy.

2. Decide What Coverage You Need

The next step is to decide what coverage you need. There are many different types of commercial insurance policies, so it’s important to find the one that fits your business. Some of the most common types of coverage include general liability, property damage, product liability, and workers’ compensation.

3. Work with an Experienced Agent or Broker

Once you know what type of coverage you need, it’s time to find an experienced agent or broker. The Insurance Outfit can help you find the right policy for your business. We have years of experience and knowledge in the commercial insurance industry, so we can help you find the best coverage at the most competitive rates.

4. Read the Fine Print

Before you sign on the dotted line, read the fine print. It’s important to understand what your policy covers and doesn’t cover. If you have any questions, ask your agent or broker.

The Insurance Outfit can help you find the right commercial insurance policy for your business in Chester, NJ. We have years of experience and knowledge in the commercial insurance industry, so we can help you find the best coverage at the most competitive rates. Contact us today to get started.

Commercial Policies You Need for Your Storefront

When you purchase commercial insurance for your Chester, NJ business, you might think that one size fits all, but The Insurance Outfit wants you to understand that you customize your insurance policy to your business. If you own a storefront business, you need insurance coverage that a home-based business would not.

Storefront businesses require items like glass insurance to remain fully covered from typical perils. Business owners can add these policies to their business owner’s policy (BOP) or general liability policy. You do need to start with either an essential liability policy or a BOP to add the other policies. Like many insurance situations, you need the main policy before you can add on to it with supplementary insurance.

Glass insurance covers damage to the plate glass windows or a dance studio’s mirrors. This type of coverage does not come with a typical property damage policy. You would also need property damage coverage though for a storefront to cover your building’s structure, your office equipment, and your computers against damage from a tornado, hurricane, hail, etc.

If you have employees, most states require you to purchase workers’ compensation insurance. This covers your employees’ pay and medical costs if they get hurt on the job or they incur an illness due to their job. An example of the latter is if in-office exposure to black mold in the walls causes them to fall ill.
Each business has different needs. Every business should start with either general liability or a BOP, then add to the insurance to customize coverage.

Let The Insurance Outfit help you find the right coverage. With more than 20 types of commercial insurance, you need a guide to help you find the right policies for your Chester, NJ business. Call us today.

Commercial Insurance Must-Haves for New Jersey Business Owners

Today’s business owners in the greater Chester, NJ area turn to The Insurance Outfit for all of their commercial policy needs. We are proud to provide the business community with the coverage they need to protect their companies. Call us today if it’s time to upgrade your commercial policy!

Does your current commercial policy have these features?

Oftentimes, businesses start out with basic coverage as they work to get their companies off the ground. However, it is important to note that established firms may have different protection needs than those companies that are just getting started. Why not take a closer look at your current policy and ensure that it provides the protection you need?

  • Coverage of equipment and inventory – some business owners are surprised to learn the value of their inventory and equipment; make sure that your coverage levels are adequate in case of a loss.
  • Comprehensive vehicle protection – does your firm rely on your fleet of vehicles to get the job done? Make sure that your company has the necessary protection in the event of an accident or theft.
  • Robust property coverage – damage to your property can cause potential disruption to your workflow. With robust coverage, your business is better able to withstand interruptions to company production. 

Is it time to review your commercial policy? We can help! Don’t find out too late that your basic commercial insurance is inadequate for your comprehensive business needs.

Contact us today to ensure that your coverage is adequate to your business needs

The Insurance Outfit is here to assist business owners in the greater Chester, NJ area with all of their coverage needs. Contact us today and learn more about the commercial policy options that are available in our area.

What protection does commercial insurance offer my small business

Owning a small business comes with lots of worries. Commercial insurance is something you may wonder if you need for your business. To state it simply, bad things happen and when they happen they can destroy your business. Commercial insurance offers a variety of different coverage that can offer you a safety net. Not every type of commercial insurance is right for your business but with a knowledgeable insurance agent like The Insurance Outfit in Chester, NJ, a policy can be customized to your particular business needs. 

Commercial liability

Liability is one component of commercial business insurance and should be considered by every business. In the world today being sued is a real possibility and this insurance can protect you from financial loss due to bodily injury and resulting medical expenses, property damage, slander, or libel. It covers not only a judgment against you but legal expenses incurred. 

Workers Compensation 

In the state of New Jersey, workers must be covered by worker’s compensation insurance in almost every case. You can self insure or have your policy with an insurance carrier. This protects your workforce in the event that they are injured or killed on the job. 

Property insurance

Property insurance is a must if you have any property. That doesn’t mean that you own the property your business is located in, it is valuable even if you are a renter. It covers your business inventory, raw material, machinery, and office equipment. 

Home-based business insurance

If your small business is based out of your home this insurance will supplement your home insurance liability and property protection. 

Your small business is your livelihood and it is important that you protect it from all the bad things that can happen. At The Insurance Outfit in Chester, NJ, we understand commercial insurance and we can customize a policy that is perfect for your business. Stop by or give us a call for a no-obligation quote. 

3 Ways to Keep Your Business Safe For Customers and Employees

In Chester, NJ and surrounding areas, businesses are working diligently to keep their workplace safe and hazard-free for their employees and customers who travel through the area. At The Insurance Outfit, our agents would like to provide our clients with three tips to keep everyone safe at the workplace. 

Keep walkways and public areas clear

  • Remove excess water
  • Avoid stacking boxes 

If you are expecting your customers and your employees to visit this area while the business is open, it is best to give them a clear area to walk through without having to walk through a maze or find their way through. 

Sings and Labels are your Friends

Point out locations and directions clearly with signs and labels to keep both your employees and your customers safe as they work their way through your business. Knowing which direction they are going, especially if they are looking for a certain room, area, or office can prevent further damage. For workplaces that are not appropriately labeled, these individuals may find themselves in the wrong place and get hurt. 


Having daily or shift inspections of tools and areas by a member of management is essential to everyone’s safety. When you conduct a thorough inspection as required, management will find problems such as broken furniture, a leak, or notice excess clutter that needs to be eliminated before clients get hurt. These inspections protect everyone traveling through the area. 

Top off the Safety with Commercial Insurance

In addition to these ways to keep your workplace safe, choose a commercial insurance policy from The Insurance Outfit. If you live in or around Chester, NJ and own a business, our agents are ready to talk to you and help you get the coverage you need. 

When a Customer Slips and Falls: Why You Need Commercial Insurance

Even if a slip and fall injury seems unlikely to happen on the premises of your business, you need to have coverage because this type of accident can occur anytime, anywhere. At The Insurance Outfit, serving Chester, NJ and the surrounding community, we can help you find commercial insurance that meets the needs of your business. It is important to make smart decisions regarding protecting yourself from the financial burden of a slip and fall accident claim.

Accidental Slips and Falls

A slip and fall injury can be caused by any type of hazard, from torn carpeting to a bathroom floor that hasn’t been cleaned properly. The injured person can be a customer or one of your employees. If someone on your premises suffers a slip and fall injury, you could be held liable and therefore need to protect yourself with the right commercial insurance coverage.

Prevention Is Key

It is important to have measures in place to reduce the likelihood of a slip and fall incident. Make sure your employees are trained to report hazards so that they can be quickly resolved. You should also maintain your property on a regular basis. Even when you go the extra mile to keep a slip and fall from occurring, there are unforeseen problems that could arise, resulting in someone suffering an injury on your property.

Contact Us

At The Insurance Outfit, serving Chester, NJ and the surrounding community, we are knowledgeable insurance practitioners and leaders in the insurance industry. We can help you achieve your commercial insurance goals with the coverage you need to protect your business in the event of a slip and fall injury. Our experienced team can help you with any questions you may have. Contact us today at 908-955-7561.

What Extra Commercial Insurance Should You Get?

General liability insurance will cover many things in Chester, NJ for a business, including damage to property and bodily injury claims. However, there are plenty of things not covered and extra coverage you should have, depending on your needs. An agent at The Insurance Outfit can help determine which of these policies is useful for your business.

If you have employees, whether they do physical labor or not, workers’ compensation will provide protection for those injured on the job.

Professional liability insurance will protect those who have service-based businesses, like lawyers, accountants or consultants. This protects the business from any damages that occur when there is a failure to properly render these services.

Property insurance will cover the business, equipment, inventory, and furniture in the event of a fire or storm. This is good whether a business owns or leases their space. However, it won’t cover floods or earthquakes.

Directors and Officers Insurance will protect the directors and officers of the company against actions that affect the profitability of a company. If a director or officer is named in a lawsuit due to their actions on the job, this insurance will help cover the costs and any damages that may result.

For businesses that store any sensitive information or information the public shouldn’t know, a data breach policy will provide protection against those losses.

Commercial auto insurance will protect company vehicles that either carry employees, products, or equipment.

Product liability insurance will help protect businesses that sell products to the general market. If the business is in a lawsuit due to damages caused by products, this insurance will help protect them.

Home-based businesses will need to add additional coverage since their home insurance coverage doesn’t provide adequate protection like commercial insurance does.

Contact The Insurance Outfit serving Chester, NJ to get a quote on commercial insurance.



Chester, NJ Means Commercial Insurance Options

Businesses looking for commercial insurance in Chester, NJ want options, and they can find those options in several different ways. One of the ways is to contact a lot of different companies to get quotes and information. While that works, it is not necessarily the most beneficial or the best use of their time. Instead, it is generally better to reach out to The Insurance Outfit and get multiple quotes on commercial insurance in one place. All insurance plans are not created equal, and knowledgeable agents are needed to provide a business owner with the best fit for their company.

When it comes to getting commercial insurance, businesses should consider not just the policy limits but also what is covered. A company that has a large manufacturing plant will have very different insurance needs from a two-person company that operates from a small office and works mostly through computers. While they are both businesses in need of the protection that commercial insurance can offer, they do not have the same types of insurance needs in that their protection levels and types are going to be very different. By working with an established and trusted company, businesses can get the insurance they really need so they have enough coverage but nothing unnecessary.

Fortunately, The Insurance Outfit understands the value of knowledgeable agents and the right level of commercial insurance coverage for its Chester, NJ customers. By reaching out to them for an insurance quote, businesses can get information from several insurers all in one place. Then they can work with the agent to pick the one that is going to be the best for their particular type of business. That can give them peace of mind, and help ensure that they will be protected when and if they need to use that coverage.

Does Commercial Insurance Cover Weather-Related Damage

At the Insurance Outfit, we see many of our Chester, NJ clients suffering from serious weather-related damage. Covering this type of damage requires an insurance policy that takes into account this type of damage. It also requires understanding what problems will be covered by your insurance.

Ways Weather Can Impact Your Business

There are many different ways a business can be impacted by weather conditions. For example, electrical storms and snow could knock out power and make it impossible to operate your business. However, it could also damage your buildings and make it necessary to shut down. In this way, you could lose business capabilities for an extended period. Thankfully, insurance will cover many of these problems to minimize your losses.

Business Disruption Insurance Is Crucial

General commercial insurance may not cover these problems if you don’t include business disruption coverage. This type of insurance coverage is designed to help cover losses when weather or damages impact the operation of your business. It will help get your business back in working shape and minimize personal and businesses losses in an effective manner. As weather-related damage is considered an act of God, specific coverage like this is needed for your business.

Important Considerations

When purchasing this type of insurance, it is important to choose a type that covers all possible damage. For example, it should cover emergency repairs to your building, equipment breakdown, food spoilage, loss of power, tree damage, loss of water, wind damage, snow damage, and winter storm damage. These types of weather damage are hard to predict and must be covered as much as possible.

So if you are a Chester, NJ business owner who needs this type of coverage, please don’t hesitate to contact us at the Insurance Outfit. We can help you sort through the confusion of commercial insurance and protect your business from damage.

5 Common Risks that Threaten Small Businesses

As an entrepreneur, you’re bound to face risks when starting a new business. The success of your business could depend on how you identify and manage these risks to give your company room to grow.  Here are five common risks many entrepreneurs face at the onset of their small business.

Property Damage

Business property is a vital asset that needs to be well protected by your insurance policy. By assessing the value of your property, you can determine the amount of coverage you’ll need to cover damages in the event of a claim. Insufficient coverage can result in financial setback for your fledgling business.     

Liability Loss

As an entrepreneur, you have to be prepared for any eventuality. This includes being liable for damages or injuries to customers from accidents that occur on your property or use of your products. Commercial liability coverage can protect you against these liability losses so you don’t have to pay out of pocket.

Business Interruption

If an accident or disaster causes damage to your business property, you may be forced to stop production or move to a temporary spot while building repairs are made. Having business interruption insurance to compensate for loss of income and operating costs during your recovery period can save your business from financial ruin. 

Injuries to Employees

Without workers comp insurance, a workplace accident can have drastic consequences on a small business, as business owners would be liable to pay for medical expenses and/or a disability settlement out of pocket. By promoting a safe work environment and managing exposures, entrepreneurs can keep worker’s comp premiums at reasonable costs, enabling their business to benefit from this coverage.

Key Personnel Losses

As a small business, you may suffer financial loss due to losing key personnel essential to the running of your company. Key person coverage can offer you financial stability in the interim period of finding new personnel to sustain your business.  

Learn more about comprehensive commercial insurance and how it can benefit your business by contacting us at The Insurance Outfit.