If you have just opened your first business in New Jersey, one of the things you are likely to consider is commercial insurance. But with so many options available, it is customary to question what policies are right for you depending on your business. At Retcho Agency in Closter, NJ, we understand that most business owners face this predicament. Here is the different coverage you should consider.
Any business in New Jersey that has employed workers must have workers’ compensation insurance. The policy helps cover medical expenses that may arise if your employees get a work-related injury. This type of commercial insurance is vital as it protects both the employer and the employee.
This policy protects your company from everyday business risks like customer property damage or injuries, and slander and libel accusations.
Commercial Auto Insurance protects company-owned vehicles. If you or an employee get into an accident while driving a business car and causes property damage or bodily harm, the policy will cover those expenses.
Whether you own or have rented your business location, commercial property insurance helps protect the business from risks like fire and vandalism. Under this policy, your company’s property, such as inventory, furniture, tools, accounts receivable, and computers, are covered as well.
This is a critical business insurance policy if you offer expert services to clients. It applies to certain professionals such as accountants, lawyers, and consultants. If a client sues you for negligence, mistakes, or missed deadlines, the policy can cover the legal fees and the compensation entitled to the client.
When you have worked so hard to establish a business in Closter, NJ, it is wise to find a way to protect it. At Retcho Agency, we can help you with that. Contact us today, and together we can find the right type of commercial insurance for your business.