Looking for insurance in Bergen County can be time-consuming and somewhat confusing. To make it easier to understand the terminology you’ll encounter during your search, here is a simple explanation of four basic business insurance coverage options you should plan to purchase for your business.
General Liability Insurance
General liability insurance provides coverage for your business in case a non-employee third party is hurt, or their property is damaged, by your business activities. It pays for any legal fees associated with such an incident.
Commercial Property Insurance
Commercial property insurance is available in case disaster strikes your property. Whether it’s due to a fire, storm or theft, you will be reimbursed to repair or replace your covered items.
Commercial Auto Insurance
Commercial auto insurance covers your car in case you use it to conduct any business activities. Commercial property does not include auto coverage and your personal car insurance policies will likely not cover accidents that occur on business time.
Workers Compensation Insurance
Depending on your location, workers compensation may not be required, but it’s highly recommended even if you have just one employee. It ensures that any legal or medical expenses are covered in case you’re found liable for an on-the-job injury to an employee.
As you search for insurance in Bergen County, take time to understand your business’ exact needs before starting your policy. The best agencies are willing to customize their coverage offerings to meet your needs.