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.
Learn more about our business insurance options here – http://abcoinsuranceagency.com/business-insurance/