Allowing Your Business To Benefit From Commercial Insurance In NJ
If you run a business, chances are that you already understand many of the risks that you take on a daily basis. Of course, there’s always the chance that you will end up going under. There’s a chance that someone will steal from you. There’s a chance that you will get hit by vandals. There’s a chance that one of your employees will get hurt on the job and be out of work for five months. The possibilities are almost endless, but your hope doesn’t have to end. The good news is that your business can greatly benefit from commercial insurance in NJ. The following will outline just a handful of the many possibilities that can be a part of your commercial insurance portfolio.
- Workers Compensation. If one of your employees gets hurt on the job and you do not have a workers compensation policy, you could end up paying a lot out of pocket costs. The employee might have medical costs to be covered, as well as needing reimbursement for lost wages from being out of work during recovery. Rather than being sued by your employee, the insurance will kick in and compensate that employee for those costs.
- Liability Insurance. Accidents happen, and it is possible that someone will get hurt while on your property. Liability insurance will protect you in case someone comes after you with a claim that they were injured while at your store.
- Business Automobile. Just like your personal auto insurance, this will protect your business in case someone gets in an accident in the company car. It may pay for medical costs, as well as costs to repair the car.
Learn more about commercial insurance in NJ so that you will know what will be the best to have in your portfolio.