Business Insurance South Jersey – What Kind of Insurance Does Your Business Need?

There are many different types of business insurance available for South Jersey businesses, and the type of insurance you need really depends on the type of business you are in.  Some need more insurance than others.  What you need is the right insurance to cover you for the areas of loss that you are most likely to endure.  Without the right insurance, you could end up paying out of pocket to cover catastrophic damage to your business.

Business Insurance South Jersey, Different Businesses Need Different Types of Insurance

Restaurants – Restaurants tend to need the most insurance because they are susceptible to a wide range of claims.  If you own a restaurant you will not only need liability to cover you should you be sued for injuries sustained on your property or by your food, but also professional liability, building protection, protection from theft and vandalism, workers compensation, product loss insurance, and more.  When you have a business with high traffic from the public, you want to be covered for any problem that could come your way.

Storefronts – Storefronts tend to need less insurance than restaurants, but they still need to cover themselves for all possibilities.  This included liability, professional liability, building damage, theft and vandalism, workers compensation, and more.  Your coverage should range from helping should you suffer losses due to a customer’s claim to losses from natural disaster.  If you aren’t sure if something is covered by your existing insurance, ask your insurance provider to see what you need to do to be covered thoroughly.

Offices – You probably don’t need to have as much insurance as a restaurant or storefront because you have less traffic coming to you from the public, but you still need to have good coverage.  This includes extensive liability not only on your property, but also for professional liability for your professional services.  Doctors, lawyers, and other service professionals need to make sure they are covered should a client sue for damages they believe you caused.  Workers Compensation is also a must if you have employees working for you,

Traveling Services – If your business mostly works out of a truck and makes house and business calls, you need to make sure that you carry the right insurance to cover your workers as well as the properties you work on.  Workers compensation is also a must since many of these jobs can be potentially dangerous for workers.  Professional liability is also key to cover your services offered.

Home Based Businesses – Just because you work out of your home doesn’t mean your homeowners covers your business, too.  Talk to your insurer to see if you may be able to tack a business insurance policy on top of your homeowners for additional liability coverage.  You may also want to ask if professional liability is necessary for your line of work.

At ABCO we can help you get the right business insurance for your South Jersey business.  Call us today to learn more and to get multiple quotes from top rated insurers.

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Renters Insurance in NJ – The Importance Of Renters Insurance and Why You Need It!

You have decided to rent a place, and you want to investigate renters insurance in NJ.  You assume that your landlord has insurance on the property, so you are wondering if renters insurance may be a bit redundant.  It’s not.  In fact, it can save you a lot of grief in the future and will keep your belongings covered.  Here is some more helpful information to help you decide on renter’s insurance coverage on your NJ home.

What Does My Landlord’s Insurance Cover?

Your landlord should have coverage on the property you are renting, and his or her coverage should cover a lot of the basics that you would expect.  Your landlord’s insurance policy should cover damage to the property caused by weather, fire, smoke, or water.  It should also cover liability should anyone ever trip on the sidewalk on your property or fall on the front step.  If one of these issues ever should occur at your rental property, it should be the landlord’s job to cover the issue unless you are the one who caused the damage in the first place.  With all of this coverage, you may be wondering why you should cover yourself as well, but renter’s insurance is a basic necessity for any renter.

What Does Renter’s Insurance Cover?

Renter’s Insurance will firstly cover your property in the home.  That is your furniture and belongings that you are storing and using on the property.  If a fire devastates your rental property and you don’t have renter’s insurance, all of your belongings are lost without any coverage to offer you money back for the damages.  Renter’s Insurance should also over you should a person ever file suit against you for injuries caused by your negligence on the property.  If a person comes in your home and falls and hurts themselves by tripping on an area rug that you put in the home, you are responsible for the damages.  You will have coverage if you have renter’s insurance.

How Much Does Renter’s Insurance Cost?

Renter’s Insurance is cheaper than most insurance policies.  It usually costs between $15 and $30 a month.  For that price, it is very affordable to stay covered on your property.  The coverage is worth it, and will give you peace of mind should there ever be an issue.

If you are looking for affordable Renter’s Insurance in NJ, look no further than ABCO Insurance Agency.  We offer competitive rates and great coverage to our customers.  Let us help you compare rates and save.  Call today for more information!

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Umbrella Insurance in NJ – What Does Umbrella Insurance Cover?

You have insurance on your New Jersey home, your car, and all of your other property.  So why do you need umbrella insurance?  Umbrella Insurance in NJ may not be for everyone, but in the event of an emergency, you will be very glad that you have it.  So what is Umbrella Insurance and what does it do?  Learn more here.

What is Umbrella Insurance?

Umbrella Insurance is extra insurance coverage for your home, car, boat, and other property that gives you a boost in coverage should you ever need it.  Basically, if your home insurance covers up to $5000 for damages from someone injuring themselves by tripping on your sidewalk, and you got socked with a $6000 bill when this happened on your property, the Umbrella Insurance kicks in to cover the extra cost.

How Will It Help Me?

If you are concerned about liability for your property or are looking for extra coverage on items that may not be covered under a standard policy, this extended coverage may be right for you.  Standard coverage may not cover pets and the damage that they can cause.  It may also not cover out buildings or other items on your property that could cause a liability issue.  Without Umbrella Insurance, these items may cost you serious money as your insurance may not cover these issues at all or will only cover a small fraction of the cost.  Your insurance provider will be able to help you better understand your needs and can help direct you if you need Umbrella Insurance.

What Else Does It Cover?

As was stated in the paragraph above, this coverage will help cover items on your property that are not covered in a standard policy including outbuildings, pools, etc.  It will also cover pets and the damage they can cause, rental properties, and unwanted guests injuring themselves on your property.  While some of these issues may be covered under your standard policy, there is a good chance many of them may not be.

If you think an Umbrella policy in NJ is right for you, contact ABCO Insurance Agency today to get a quote.  We’ll help you find the right insurance for you at an affordable price.  Our knowledgeable staff is ready to help you get covered.  Call now!

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Commercial Insurance 101 – Learn The Basics About Commercial Insurance

While there are many types of business insurance available for businesses of all shapes and sizes, commercial insurance tends to cover commercial properties and workers’ compensation liability for those who work on and may be injured on those properties.  Commercial insurance can cover a variety of property features depending on what kind of business you have, and what kind of liability you are most likely to address.  Here are a few highlights of the types of property coverage you can get with your commercial insurance policy.

Property Insurance – Property insurance covers losses or damages to your property.  This usually includes damage done by severe weather events, fire damage, smoke damage, and water damage to name a few.  Your business may require a little bit more insurance to ensure that you are safe in the case of serious damage to your building.  The following is a list of extended coverages you can purchase for your business if you need them.

Boiler and Machinery Insurance – Though your property insurance covers you should your machinery or boiler be damaged by a flood or fire, you are not normally covered if these machines were to break down accidentally.  If you run a business that requires heavy machinery to make things run, this may be important coverage for you.

Builders Risk Insurance – If you are building a new structure for your business, this insurance covers you should your new structure receive damage during construction.  An example would be hail damage destroying part of the exposed structure.  Without this insurance, you may not be covered for damage like this.

Glass Insurance – If your storefront or business suffers damage to plate glass windows due to someone else breaking them, you are covered.

Business Interruption Insurance – If your business suffers major damage, you may have to be out of business for several months while you fix the damage.  This type of insurance will cover lost wages and income while you rebuild.

Ordinance or Law Insurance – This coverage is best if you own an older building for your business.  Basically, if your building gets partially damaged (at least 50%) and you need to demolish and rebuild from scratch you are covered for the cost of the brand new and up-to-code building.  Standard insurance will cover the loss of the old building, but it may not cover the extra cost of creating a new building that is up to code.  This is where this insurance comes in.

Tenant’s Insurance – If you rent a commercial building, this offers you extra coverage for the items you put in the building that are not covered by your landlord’s insurance.

Crime Insurance – Should you ever be robbed or subject to another crime, this insurance will cover you and your lost merchandise, money, stock, securities, or fixtures.

If you are not sure how much insurance is right for you, talk to an experienced Commercial Insurance agent.  ABCO Insurance Agency can help.  We’ll get you competitive quotes, and our team of agents will help you find the right coverage for you that you can afford.  Call today for more information.

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What Kind of Insurance Can Your Business Insurance Agent Offer for Your Small Business?

When you start a small business, insurance is one of the first things you need to consider in order to protect yourself in the event of an accident or emergency.  Because of this, it is important to know exactly what kind of business insurance you need to stay protected.  Here is a list of business insurance options that your business insurance agent can offer you.  They can guide you through the process and help you understand exactly what you will need in order to cover your individual needs.

General Liability Insurance – This insurance is a must have for any business.  It covers you should you encounter legal issues due to injuries, accidents, or negligence claims.  It will help you cover the cost of legal aid as well as any payouts you may have in the event of losing a case.

Product Liability Insurance – If you make or distribute a product, you will want product liability insurance.  It covers financial loss due to defective products that cause harm to the consumer.  If you run a business with a lower risk of injury, you can get less coverage.  However, a company that sells a food product or a small appliance will probably want more coverage.

Professional Liability Insurance – If you are a service based business, this insurance is important for you.  It covers against errors and omissions, as well as malpractice and negligence.  This is ideal for contractors, doctors, lawyers, and others that provide a service or consultation for an individual.

Commercial Property Insurance – Though General Liability insurance covers you if someone is injured on your property, commercial property insurance covers you if damage is done to your property.  This means you are covered against weather related damage, fire, smoke, water, and more.  Damage to your property could cost your business dearly and could force you to shut down temporarily, so this is very important insurance for any business that owns a commercial property.

Home-Based Business Insurance – Most business insurance doesn’t cover home based businesses, but you can add riders insurance to your home owners policy.  This will cover you if a client or worker is injured on your property or if property damage could cause harm to your business.  You may need general and professional liability for additional coverage depending on your product or service.

If you are looking for a business insurance agent who can help you get the coverage you need, look no further than ABCO Insurance Agency.  Our knowledgeable agents can help your business get coverage for a great rate by offering comparisons from several insurance providers.  Call today for more information!

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Professional Liability Insurance – Who Needs Professional Liability Insurance?

When you run a business you need to make sure that you are covered for a wide variety of liability claims.  Every business is different, so it is important to have the right coverage for your specific business.  Professional Liability Insurance is for those who offer professional advice or services to others.  Because standard liability tends to cover only damage to property or personal injury, you need professional liability insurance to cover a variety of other professional claims.  So who needs professional liability insurance?

Professionals Giving Advice – If you work in a field where you regularly give advice to others, you are a strong candidate for professional liability.  This advice can range from medical advice from a doctor or personal advice from a counsellor, to a builder’s advice for a home addition.  If your advice leads to harm or does not live up to the expectations that your client has set for you, they can claim negligence on your part.

Professionals Selling A Product – You sell a product to customers and you find out that in some cases your product didn’t work as it was intended.  An example would be selling software that malfunctioned and failed to perform the task it was intended for.  Another example would be selling a cart that you told customers could hold 50lbs, but broke when used under the weight of 45lbs.  If your customer didn’t sustain bodily harm or property damage their claim would fall under a professional liability claim.

Professionals Where Errors & Omissions Could Cause Serious Problems – If you work in a field where you are required to write in depth reports or analysis, or you do a job such as a notary public, attorneys, and real estate brokers, professional liability is a must.  By missing a key piece of information you could do substantial harm to a client’s case, and they could in turn hold you responsible for damages.

Professionals Who Are Contractually Obligated to Perform Certain Tasks – If you breach a contract and do not perform all of the tasks expected of you for the price that was agreed upon, you could find yourself being held responsible for a contract breach.  Professional liability insurance can help you with your claim.

If you work in a field that serves the public in some way, and many businesses fall into this category, you should consider professional liability insurance for your business.  ABCO Insurance offers quality coverage for small businesses at affordable prices.  Call us today to learn more about our business insurance offerings, and learn how we can help your business stay covered.

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How Much Is Restaurant Insurance? – Factors That Determine Price

How much is restaurant insurance?  It’s a simple question with a loaded answer.  The truth of the matter is, it all depends on your business.  Do you serve alcohol or not?  Do you rent your property or own it?  What kind of food do you serve?  What are the risks involved with your business?  Here are some factors to consider that will help determine the cost of your restaurant.

The Basics – Pretty much all restaurants will need basic liability insurance, property insurance, workers compensation insurance (assuming you have employees), and restaurant insurance to cover the most likely problems you stand to face as a restaurant owner.

More Liability – If you serve alcohol, have delivery drivers, or offer a night club there is a good chance you will need more specific liability coverage.  Food contamination insurance is also a must for all restaurants to cover you in the case of a patron suffering an allergy attack or food poisoning.

Risk Of Fire – If you have a restaurant that cooks with a lot of grease or has a greater risk of fire, it is important to make sure you have as much coverage as possible to ensure that you are covered for all damages a fire could cause.  If flooding could also be an issue for you, you should similarly consider proper coverage for that, too.

Protecting Your Equipment – If you have expensive kitchen equipment you want to make sure it is covered should it ever suffer damage.  Extra coverage is available for this purpose.  It also helps cover you for expenses when your equipment gets old and may break down over time.

Protection for Fights – Though this isn’t an issue in most restaurants, there is a higher risk of fighting in a bar or nightclub.  The liability if one breaks out in your restaurant can be tremendous.  Extra coverage is available and recommended.

The bottom line is, the cost of restaurant insurance really depends on the restaurant and the specific risks that come along with it.  To better understand the cost of your coverage, contact an experienced restaurant insurance provider.  ABCO Insurance Agency can help you find the right coverage for your restaurant at a great price.  We’ll help you get the proper coverage so you are safe.  Call today for more information.

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Restaurant Liability Insurance – What Does It Cover?

You are pursuing your dream of opening a restaurant, but in order to keep your dream alive, you need Restaurant Liability Insurance.  After all, liability claims can cost you a lot of money without the proper coverage.  They can even cost enough to shut down a business.  When it comes to restaurant liability coverage, there are several different options depending on your type of restaurant.  Consider the following liability options for your business and make sure you are covered properly.

General Liability Coverage – General Liability is the most basic coverage that all restaurants should have.  This coverage covers the following:

  • Injuries Sustained By Patrons At Your Restaurant – If someone takes a fall or bumps their head, you are covered.
  • Injuries That Occur on Site Due to Your Service – If one of your wait staff trips a patron, or vice versa, you are covered.
  • Property Damage Caused By Employees – If someone on your staff spills a drink on a patron’s expensive purse, you are covered for the damage.
  • Contractual Issues – If someone claims you made a promise that you didn’t keep, you are covered.
  • Advertising – If someone claims false advertising on your part, you are covered.
  • Problems with Your Product – If someone suffers burns because the soup you served was too hot, you are covered.

For most restaurants all of this coverage is necessary in order to avoid the major pitfalls that most restaurants run into during their years of service.

Food Contamination Coverage – This is important coverage for any business serving food.  If a customer gets food poisoning from your product, you are covered.  It also covers you if a customer reports an allergy to you and you fail to keep their food contamination free when it is served.  This is one of the biggest areas of liability that restaurants have to cover.  Sometimes it is covered by general liability, but if not it is an important addition for your business.

Liquor Liability Coverage – If you serve alcohol at your restaurant, you need to be covered.  If a patron ever gets injured after having too much to drink, or they injure someone else due to being drunk, you can also be held liable for over serving them.  This is very important coverage for all businesses that serve alcohol.

Assault and Battery Coverage – If your restaurant serves alcohol or has a nightclub attached to it, you may want assault and battery insurance.  This covers you if a fight breaks out on your property, or if one of your employees injures a patron removing them from the premises.

Hired/ Non-Owner Liability Coverage – If you have delivery drivers for your business and they drive their own vehicles for the purposes of work, this is necessary coverage.  This covers you should they have an accident or cause property damage while on the job.

Talk to your insurance provider about your business and ask them about your best coverage options.  When you serve the public, it is important to be covered in the case of any sort of liability that may pertain to your business.  ABCO Insurance Agency can help you find the right coverage for you at a great low rate.  Call today for more information!

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Treehouse Insurance – How Do I Insure a Treehouse?

You have decided to build a treehouse, or maybe you inherited one with a property you recently purchased.  You want to insure your new treehouse as part of your home.  You also want to insure it for liability.  The truth of the matter is, not all insurance companies will cover a treehouse.  Here is all you need to know if you are thinking of enjoying a treehouse as part of your yard.

Can I Even Get Treehouse Insurance?

Many insurance companies see treehouses as an “attractive nuisance”.  This means that they fear that neighborhood children may see your treehouse and say, “that looks like fun!” and climb on in without your permission.  If they happen to injure themselves on your property that is a liability claim, and your insurance company needs to pay out.  Because of this, they tend to prefer that you don’t have a tree house at all.  Some companies may refuse to insure you.

However, some companies will cover treehouses under the right circumstances.  If you have gained a treehouse with the purchase of a house, you will have to have your insurance company check it out to see if they deem it safe.  They may be able to make suggestions that will make it safer so that you can keep it, or they may ask you to dismantle it.  If you are planning on building one, talk to your insurance provider and see what requirements that may have in order to insure a tree house.  They can help you in the planning stage so that you can be compliant with their requirements from the start.

What Does Treehouse Insurance Cost?

Again, this depends on the company and your existing coverage.  Some homeowners insurance plans cover outdoor structures such as garages and sheds, and will also cover a treehouse.  Others will ask you to pay for extra liability due to the fact that the treehouse may pose more hazards than the other structures on your property.

What Can I Do To Make A Safer Tree House That I Can Get Covered?

Because you are adding an “attractive nuisance” to your yard, you need to consider keeping unwanted guests out.  A fence around the yard, or even a locking gate on the staircase leading to the treehouse are two ways to keep out neighborhood children that want access it.  Consider building your treehouse lower to the ground.  The higher up you build it, the more it will scare insurers away.  Also, consider safe entry where people are less likely to fall or get injured entering or exiting the structure such as a staircase.  Finally make sure you plan on adding safe railings and windows to keep children from falling out.  Netting attached to railings is a great way to keep kids from slipping through the gaps.

Before you consider adding a treehouse to your home, contact your insurer for more information.  They can tell you about their policies and what your best options are.  An insurance broker that can provide quotes from multiple companies can also help you find an insurance company that is most likely to be able to help you.  ABCO Insurance offers quotes from many companies to help you meet your needs.  Be smart about treehouses and follow the rules of your insurance provider.  You may not like what they have to say, but it is in an effort to keep you and your family safe.

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Vineland Home Insurance: 4 Types Of Coverage You Need To Know About

Vineland is a great South Jersey town with a great location. You are close to Atlantic City and other South Jersey beaches and not too far from the city of Philadelphia. In Vineland you can enjoy a beautiful small town atmosphere with convenience to big cities and entertainment. If you are considering purchasing a home in or close to Vineland, NJ, here are four types of Home Insurance you should consider.

Dwelling Insurance – This type of Home Insurance is usually required when you purchase a home in Vineland. Dwelling covers any damages that can occur to the structure of your home. It will also cover plumbing, wiring, and heating and air conditioning issues. If your house has a fence or an unattached garage they will be covered as well.

Loss Of Use Coverage – What happens if major damage occurs to your home, and you have to find temporary shelter while the damage is fixed?  With the possible event of structural damage occurring and repairs having to be done, Loss of Use Coverage will pay for you to stay at a hotel.  It will even cover meals if you don’t have use of a kitchen while you are displaced.

Home Insurance – Vineland Home Insurance will take care of your personal property within your home in the event of theft or damage. If your home was to experience a fire, weather damage, or theft your belongings are covered. With this coverage you are able to receive the cash value of your furniture, clothes, electronics, etc.

Personal Liability Insurance – Do you have a dog, trampoline, pool, or any other aspect of your property that could cause personal injury to a guest on your property?  If so, Personal Liability Insurance is a must.  If someone is injured on your property due to a potentially dangerous object or animal on your property they can sue you for damages.   Personal Liability Home Insurance will help cover medical and legal expenses if an injury were to occur on your property.

Your home is one of the biggest investments you will ever make, which means it is important to protect it.  If you are in the market for great Home Insurance coverage at a great rate, contact ABCO Insurance Agency today.  We have a location in Vineland, NJ and are eager to help you and your family get covered.  Call today and our friendly staff will help you compare rates and save money!

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