Are you looking for insurance to cover your manufacturing business? With so many coverage options available, deciding what’s right for your organization can be a little overwhelming. To help simplify things, here are four basic coverages you’ll need to make sure are included in your NJ manufacturers insurance policy.
General Liability Insurance
In case a non-employee or their property is hurt by your business activities, general liability insurance will be there to cover any financial fallout. All attorney’s fees, settlements and judgments will be covered by this part of your policy.
Commercial Property Insurance
Commercial property insurance covers your buildings, furniture and equipment from damage or loss. Some policies will even provide the same coverage for electronic data and reimburse you for potential income that you missed out on due to your loss.
Workers’ Compensation Insurance
Although workers’ compensation isn’t always required, it’s highly recommended even if you have just one employee. If anyone gets hurt on the job, this part of your policy will provide coverage for any legal or medical fees.
Commercial Auto Insurance
Auto insurance will not be included in your general liability or property coverage. If operating a car is part of your business’ activities, then you’ll need to obtain a separate commercial auto insurance policy.
The right NJ manufacturers insurance agency can certainly help you get the right amount of coverage. They’ll be able to customize their available coverages to suit your exact needs.