Small Business Insurance New Jersey – Covering Your Business For The Road Ahead

It is the American dream to own your own business, but with that dream comes a huge responsibility to your customers and employees.  Accidents can happen, and natural disasters can strike.  Landlord can neglect property issues and local youth can break your window.  You need coverage to keep your dream alive.  Here are some important things to consider when it comes to small business insurance in New Jersey:

You Should Carry Coverage Tailored To Your Business

Not every small business needs a Cadillac insurance plan, but it is important to cover all of your needs should anything negative ever affect your business.  After all, a lawsuit or serious property damage can cost you a huge sum of money, and without coverage could bankrupt your business.  Avoid these issues with quality insurance that meets all of your needs.  You should always consider liability coverage should you ever face legal action, property coverage for accidents or costly repairs, employee coverage should one of your employees ever suffer an injury on your property, and natural disaster coverage should you ever need to shut down your business due to severe weather damage.

The More Coverage The Merrier

While it is understandable that you wouldn’t want to waste money on coverage you will never use, you are better off with too much coverage than too little.  While you may get lucky and never need to call on your insurance for a claim, it is a huge risk to take.  Your insurance provider can help steer you to the coverage that best fits your business.  For example, an office that has very few customers on property may need less coverage than a retail store with lots of foot traffic.  Know what you are most likely to face and get overage accordingly.  Not sure if something is covered under your policy?  Ask and your insurer will tell you.  If you need more insurance coverage, they will help you find an ideal plan.

If You Rent, Make Sure You Know What Is Your Responsibility And What Is Your Landlord’s

It is fairly common for renters and landlords alike to misunderstand their duties for keeping a property clean and safe.  Because of this issues can fall through the cracks, and if someone is injured it can be confusing as to who is at fault.  If you rent a property make sure you review you responsibilities according to your contract.  Make sure the liability issues that are your responsibility are always covered on the property.  If you see an issue that your landlord should fix make sure to alert them, and it is best to put this information in writing.  Therefore, if an accident should occur you have proof that you alerted the property owner when the issue was noticed and that nothing was done.

If you need small business insurance in NJ, contact ABCO Insurance Agency.  We offer competitive rates and can get you quotes from over 35 companies.  Call us today for more information!

Learn more about Small Business Insurance HERE.

Jewelry Insurance New Jersey – Insuring Your Valuables As Part Of Your Property

A common question when it comes to homeowners insurance is whether or not it covers valuables in your home.  Depending on your home insurance, some property may be covered as part of your regular policy.  When it comes to collectibles, art and jewelry insurance things get trickier and you often need to extend your insurance to accommodate them.

Let’s face it, for most people the most valuable thing in their home may be an expensive appliance or electronic.  These items often come with a warrantee and are a little bit easier to assess with a homeowners policy since they are common place in the home.  An expensive painting or a piece of jewelry, however, is not so easy to assess.  Values can be hard to determine and the market will often fluctuate.  If you are looking to have a jewelry insurance you should consider the following:

The Value Of Your Objects Will Fluctuate

Naturally what is hot one year may not be so hot another, which is why the value of antiques and jewelry will always fluctuate.  Because of this it is important to have your valuables appraised for insurance purposes every few years.  As the value of precious stones and metals has fluctuated a lot in the past decade, this proves the point that frequent appraisals will help you get the amount you deserve should your jewelry be lost, damages, or stolen.

It Is Important To Keep Detailed Records Of Your Collection

It is important to keep a record of your pieces to ensure that they are identifiable should they be lost, damaged, or stolen.  A stolen piece will be easier to identify if you have a photo and a description of the size, color, and any unique features to the piece.  A photo can also help identify a piece of jewelry should it be damaged in a fire.  If certain characteristics remain, the identity of the piece can be proven to the insurance company as lost in the fire.

Make Your Insurance Company Aware Of Changes

If your collection is always growing or changing it is important to be aware that your coverage will not change unless you make your insurance provider aware of the new additions to your collection.  Conversely if you sell a piece of jewelry that you currently insure, you may end up paying for insurance on something you don’t even own anymore if you do not update your insurance.  If you do not keep your insurance up-to-date you may get a rude awakening if you ever need to collect your insurance.

If you are looking to cover your homeowner and your valuables, call ABCO Insurance Agency today.  We can help you get multiple rate quotes to save you time and money.  Call now!

Learn more about Umbrella Insurance HERE.

Commercial Flood Insurance NJ – Covering Your Commercial Property for All Potential Disasters

It is fairly common knowledge that most home and business policies don’t cover flood insurance.  While some coastal areas require all homes and businesses to get flood insurance, this is not the case everywhere.  Since NJ has bodies of water on the eastern, western, and southern sides of the state, it is important for all New Jersey business to be aware of their commercial flood insurance options.  Not having commercial flood insurance could cost them dearly otherwise!

Obvious Reasons to Carry Commercial Flood Insurance

Obviously, if your business is situated by a body of water that could flood in a large storm or with heavy rain fall, it is important to carry flood insurance on your property.  Just a little bit of water can cause a lot of problems for any business owner.  With only a few inches of water throughout the property you could suffer the following:

  • Deadly mold can grow in walls requiring you to evacuate all employees and have all infected walls replaced. This is common in drywall that has seen flood damage.
  • Carpet can be ruined by mold and water, forcing it to be replaced.
  • Hardwood will warp and be ruined by water damage. This will require it to be completely replaced.
  • Machinery can rust or sustain serious damage forcing it to become unsafe and require replacement.
  • Merchandise or client owned objects or vehicles can be ruined and require replacing.
  • Structures can be compromised and the property can be deemed unsafe to work in.

If you have commercial property near water you need extensive flood coverage for all of the above reasons.  Otherwise you will be stuck paying out of pocket to fix the damage, which could cost more than most businesses can afford.

Other Reasons to Consider Flood Insurance

Businesses near water are not the only businesses susceptible to flood damage.  If you have a business that is on land that is low or below sea level, it may be more susceptible to flood damage.  Basements are also known to flood, and business policies may or may not cover the damage depending.  If your policy doesn’t cover it, it is important to have flood coverage.  Another reason to consider flood coverage is proximity to water towers and industrial plants that may hold large amounts of water for energy or town consumption.  If these were to burst and leak large amounts of water on your business, you may be covering the cost of damage all by yourself.

If you are looking for commercial flood insurance in NJ, look no further than ABCO Insurance Agency.  We offer competitive rates on excellent coverage.  Call today for more information!

Learn More About Commercial Flood Insurance HERE.

Auto Insurance South Jersey – Getting the Right Coverage for You

If you are looking for auto insurance in South Jersey, you know that it is important to find the right policy.  You want to be covered and safe whatever comes down the road of life.  Because of this it is important to get the best coverage you can for a reasonable price.  When looking for auto insurance, what can you do to get the right coverage for you?

Know How Much Coverage You Need – How much you drive, the distance you drive, and other safety and hazard factors with your vehicle can help determine what kind of coverage is best for you.  Local drivers who hardly put miles on their cars may require less coverage than a highway driver with an hour long commute.  Your insurance agent can help you make smart decisions with your coverage to make sure you have the proper insurance should you have an accident.

Compare Rates – It is important to compare rates to find the best quote for the money.  Luckily, ABCO Insurance agency can offer you rate comparisons for multiple top companies within minutes when you call for a quote.  This will help you find great coverage for a great price.

Talk to A Knowledgeable Agent – A good insurance agent can help steer you to the best coverage for the money.  While comparing rates, ABCO’s agents can help answer your questions and steer you to a great rate for the right amount of coverage for you.

Call ABCO today for help finding Auto Insurance in South Jersey.  We can help you find a great rate today!  Call now.

Learn more about Auto Insurance in South Jersey HERE.

Helpful Tips for Finding the Best Home Insurance in NJ

When purchasing home insurance, you want to make sure you not only get great coverage but also a great price.  Of course, with so many companies to choose from, figure out which one can offer you the most for your money can be an overwhelming task.  Lucky, ABCO Insurance Agency is here to help.  We want you to have the best coverage possible, which is why offer all of the following to ensure your satisfaction.

Multiple Rate Quotes – Within minutes we can offer you multiple rate quotes from several different companies to ensure that we can get you the best quote for the money.  By comparing direct quotes from competing companies, you are bound to find the best quote available for the money.

Save Money – By having multiple quotes you can find the best price on the plan right for you.  Choose from a variety of coverage options to get the best plan to fit your needs and budget.

Knowledgeable Staff – Our agents know the insurance business and can answer your questions and direct you to the best plan for you.  Have a question about your policy?  We are happy to help.

Years of Experience – ABCO is a well-established insurance agency.  We have been helping people in South Jersey and all throughout the tristate area save money on insurance.  Whether you are looking for home, car, life, or business policies, we can help!

Call ABCO today for all of your insurance needs.  We’ll help you find the best home insurance in NJ!  Call us now!

Learn more about Home Insurance in NJ HERE.

NJ Umbrella Insurance – You’ve Covered Home, Car, and Life, Now Cover the Rest

Chances are, you have covered your home, car, and yourself with insurance to ensure that you are protected for all emergencies that may come your way.  However, depending on your plan, this may not cover all emergencies.  This is where NJ Umbrella Insurance comes in.  It covers everything your regular policy doesn’t.

While your regular home and auto policy may cover you for damage to your property or to another person’s property, they may not cover your for lawsuits and liability, or for larger claims that exceed the amount covered by your standard policy.  Umbrella insurance will kick in to cover the rest, this makes this an important addition to your standard coverage if you want to avoid being socked with hefty medical bills or legal fees.

Umbrella insurance is especially important for homeowners that may have dangerous areas on their property that could cause injuries.  This could be pools and outdoor recreational equipment, steep inclines, large and dangerous trees, high retaining walls, and other objects that could leave you more susceptible to a claim.  This coverage also helps if your dog or pet were to attack someone, or if your suffer damage to your property that isn’t covered under your existing policy.

Umbrella insurance is also important for property owners who are not regularly on their property to maintain it.  This goes for people with rental properties or seasonal businesses where there may be claims that you cannot monitor due to not living or regularly working on the property.

Umbrella insurance is especially important in the event of a medical claim that results in substantial medical bills that go beyond what your standard coverage covers.  This would go for car accidents where you were at fault as well as injuries on your property.  Most policies will only cover up to a certain amount, but umbrella insurance will cover the rest of medical bills exceed the limit.  This can save you a lot of money and the hassle of a lawsuit.

If you want to learn more about NJ umbrella insurance, ABCO Insurance Agency can help.  Our caring and professional staff will get you several quotes to ensure that you get a great deal on great coverage.  Call today for more information!

Learn more about NJ Umbrella Insurance from ABCO HERE.

Small Business Owners – What You Need To Know About NJ Small Business Insurance

Every penny counts when it comes to running a successful small business, and a major liability claim could make or break you if you are not careful.  It is important to understand what NJ Small Business Insurance coverage you need to ensure that you are covered for all emergencies that may come your way.  Here are the basics for small business insurance in New Jersey.

General Liability Insurance – General liability is the most basic insurance that covers basic claims you may face.  This includes injury on your property as well as libel, slander, bodily injury, medical expenses, and more.

Product Liability Insurance – If you manufacture, distribute, or sell a product this insurance is necessary for you.  It covers damages caused by your product to individuals.  This insurance ranges in price based on the nature of the product you sell and how dangerous it could be to the public.  Food that could go bad will probably require more than clothing that should be relatively harmless.

Professional Liability Insurance – For service based industries, professional liability is key.  This insurance is necessary for services such as doctors, lawyers, and accountants as well as services such as plumbers, electricians, and carpenters.  It covers physical damage caused by your services as well as “bad advice” that led to damages for a client.

Commercial Property Insurance – This covers all damages to a business’s property that could lead to loss for the business.  This can include everything from a fire or natural disaster to theft to a freezer breaking and causing all stored food to spoil.  For any business that has a commercial property this is a necessary insurance type to carry.

Home-Based Business Insurance – Your home owners won’t cover your business if you work from home.  You may be able to tack on extra coverage to your existing homeowner’s policy to cover your business, or you may need separate liability.  The coverage you need is based on the type of business you have and the potential for liability claims.

Not sure what type of NJ small business insurance is right for you?  Contact ABCO Insurance today for help.  Our agents can get you multiple quotes to save you time and money.  Call now for more information.

Learn more about NJ Small Business Insurance here – http://abcoinsuranceagency.com/business-insurance/

Professional Liability Insurance NJ – What You Need to Protect Your Business

Many types of business insurance are straight forward.  They cover your building, your finances, and your workers.  Professional Liability is a little bit more abstract.  It covers different things for different businesses, but overall it protects your services should others tell you they weren’t up to snuff.  Not every business needs professional liability insurance, but if you provide a service or any sort it is some of the most important insurance you can get.  Wondering about Professional Liability Insurance in NJ and how it can help you?  Here is a bit more information to help you understand its importance.

Professional Liability Insurance NJ

What Constitutes a Service Based Business?

Service based businesses range from plumbers and carpenters to doctors and lawyers.  A service can be a piece of advice or a physical service for the home, or business.  Because a services can be as abstract as a piece of advice from a professional, it can lead to misunderstandings and occasionally lawsuits.  You need to be covered in the case that a former client should come back and tell you that your service caused them harm.

Professional Liability for Blue Collar Work

Professional liability claims for plumbers, electricians, construction workers, etc. can range from physical damage done to a person or structure due to negligence to advice that led to a negative outcome.  If you get called in to fix a leaky pipe, and after you serviced the pipe it burst and causes major flooding, your client has a liability claim against you.

You can also be held accountable for verbally making a suggestion for a client that then causes harm.  If you tell a client that they could fix a problem without your help by following a few simple steps, and they injure themselves or damage their property trying to follow your plan, they may be able to sue you for damages due to giving them poor advice.  Because of this, it is very important to carry professional liability insurance as back up for whatever problems could come down the road.

Professional Liability for White Collar Work

While most white collar jobs don’t require physical work that could cause damage to a person or structure, they do often require you to give advice, and bad advice could lead to a lawsuit.  A lawyer could be held accountable if advice they gave their client led to the loss of a court case.  An accountant could be held accountable if their advice led to a business being audited.  A psychologist could be held accountable if bad advice led to a person regressing or causing themselves harm.

People in the medical field are also susceptible to claims not only for advice, but also for prescriptions given and recommendations.  All of these cases could lead to a professional liability claim, and therefore need to be covered properly.

If you are looking for Professional Liability Insurance in NJ, look no further than ABCO Insurance Agency.  We have three convenient locations and can get your quotes from multiple companies.  Call today to speak to an agent!

Learn more about our Professional Liability Coverage here – http://abcoinsuranceagency.com/professional-liability/

Renter’s Insurance Cherry Hill, NJ – Why You Need to Cover Your Rental

Cherry Hill, NJ is a beautiful community with great shopping, schools, and proximity to Philadelphia and most major roadways in New Jersey.  It is no wonder people want to live and work in Cherry Hill.  There are properties of all shapes and sizes available, and many rental options are offered as well.  Whether you want to live in an apartment complex or rent a single family home, Cherry Hill has options.

Of course, once you find your perfect place, you will need renter’s insurance.  Why?  You may think that your landlord is responsible for all damages or liability with your home, but that just simply isn’t true.  Without coverage, you could end up suffering major losses.  Wondering what is covered?  Here is more information:

Renter’s Insurance Cherry Hill, NJ

What Does My Landlord’s Insurance Cover – Your landlord insures the building you live in, so any damage or liability for that structure is on him or her.  If someone trips on a busted front step in front of your rental, it is the landlord’s responsibility.  If an electrical fire starts from faulty wiring?  That is on your landlord as well.  A tree falls on the house?  This is your landlord, too.  In all of these cases the damage done was either preventable by the landlord, like having the step fixed before it caused an injury or checking the wiring, or was no fault of the renter like the tree.  In all of these cases, you are not responsible.

Why Do I Need Renter’s Insurance in Cherry Hill – While your landlord’s insurance covers a lot, it does not cover everything.  Say a person trips and injures themselves due to an area rug you put in your apartment.  That rug is not the property of your landlord, but is yours.  You are responsible for damages.  Say that tree falls on your house and crushes your belongings in your living room?  While the damage to the structure of the home is covered by your landlord, your couch and TV aren’t covered by him or her.  Therefore, you are responsible for paying for those damages.  With renter’s insurance, however, the damages are covered and your belongings can be replaced.  Finally, what if you start a grease fire while cooking on the stove?  The damage caused to the apartment was caused by you, not your landlord.  You are now responsible for fixing the damage because you are at fault.  Again, renter’s insurance will cover you for this.

Renter’s Insurance is very affordable in Cherry Hill, NJ, so there is no excuse not to get covered.  ABCO Insurance Agency has a location in Cherry Hill, and can help you get a great rate.  Call us today for more information!  We look forward to helping you get covered.

Learn more about Renter’s Insurance here – http://abcoinsuranceagency.com/renters-insurance/