Click to Call
Retcho Agency Inc

308 Harrington Ave,
Closter, NJ 07624

Get Directions

Types of commercial insurance your business can benefit from

Risk comes with owning a business, there is no way around it. Half the battle is anticipating what the risks are and making sure you mitigate as much as possible. Knowing how to determine which types of commercial insurance are right for your business is why you have an independent insurance agent. In Closter, NJ, Retcho Agency is here to help with all your commercial insurance needs. Our team will work with you to customize your coverage. 

Types of commercial insurance 

Commercial liability insurance

If you are only going to carry one type of commercial insurance, commercial liability insurance is probably the one you should choose. Being sued is something that all businesses are in danger of. Whether it is a customer who is injured while visiting your location or by a product you create, a vendor with whom you are disputing a charge or an employee who is not happy, becoming part of legal action is easy for a business. It is also expensive and can put you out of business if you are not adequately covered. 

Commercial Property Insurance

You can have a successful business if you don’t have the things you need to operate your business. When you are hit by a covered peril, you may lose all your tools, your inventory, your machinery, your office equipment, and all the things you need to do business. No business, no income. If you own the building that houses your business, commercial property insurance will also pay to repair the building. This is important coverage for your business. 

Workers Compensation

In New Jersey, if you have employees, they need to be covered by workers’ compensation insurance. If you don’t have workers compensation insurance, you need to be approved to self-insure. No matter what, you have to protect your employees. 

Contact Retcho Agency in Closter, NJ when you need to get the commercial insurance your business needs.

 

Home insurance FAQs

If you have questions about home insurance, you are not alone. Especially if you are a first-time homeowner, there is a lot of protection involved and you may not be too sure exactly what kind of coverage you have. At Retcho Agency in Closter, NJ, we are independent insurance agents and we can customize your insurance policy to suit what you and your home both need. 

Home insurance FAQs

How much liability coverage should you have?

Liability coverage is a personal decision. The amount you have depends on the number of your assets and the amount of risk you feel you have. If you have a dog, you need to have more liability coverage because they are a liability. You also need to talk to your insurance carrier about the type of breed of dog, some are much more of a risk. At the end of the day, more is better when it comes to liability. 

What endorsements should you consider adding? 

Some types of possessions have limits. The limit traditional home insurance has is rather small if you have jewelry. If you have a good-sized engagement ring, that is about the limit you may have. If you have other pieces of jewelry, you need to get an appraisal and use that to determine the amount of jewelry endorsement you should have. 

Another endorsement is the sewer backup endorsement. 

What type of content insurance should you have?

You have two options. You can choose to replace all the things that you have. With this option, you need replacement cost which does not take depreciation into account. The other option is the actual value. That is what something is worth today. A 5-year-old TV will not be worth the same as a brand new one. 

Contact Retcho Agency in Closter, NJ when you have home insurance questions and needs.

 

Archives

Partner Carriers

  • Chubb
  • Franklin Mutual
  • KBIC
  • Liberty Mutual
  • N&D Group
  • Neptune Flood Insurance
  • Pacific Specialty
  • Plymouth Rock/Palisades safety and insurance
  • Progressive
  • Safeco
  • Shelter Point
  • The Hartford
  • Travelers
  • Wright National Flood Insurance