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.
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.
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 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.