What Extra Commercial Insurance Should You Get?

General liability insurance will cover many things in Chester, NJ for a business, including damage to property and bodily injury claims. However, there are plenty of things not covered and extra coverage you should have, depending on your needs. An agent at The Insurance Outfit can help determine which of these policies is useful for your business.

If you have employees, whether they do physical labor or not, workers’ compensation will provide protection for those injured on the job.

Professional liability insurance will protect those who have service-based businesses, like lawyers, accountants or consultants. This protects the business from any damages that occur when there is a failure to properly render these services.

Property insurance will cover the business, equipment, inventory, and furniture in the event of a fire or storm. This is good whether a business owns or leases their space. However, it won’t cover floods or earthquakes.

Directors and Officers Insurance will protect the directors and officers of the company against actions that affect the profitability of a company. If a director or officer is named in a lawsuit due to their actions on the job, this insurance will help cover the costs and any damages that may result.

For businesses that store any sensitive information or information the public shouldn’t know, a data breach policy will provide protection against those losses.

Commercial auto insurance will protect company vehicles that either carry employees, products, or equipment.

Product liability insurance will help protect businesses that sell products to the general market. If the business is in a lawsuit due to damages caused by products, this insurance will help protect them.

Home-based businesses will need to add additional coverage since their home insurance coverage doesn’t provide adequate protection like commercial insurance does.

Contact The Insurance Outfit serving Chester, NJ to get a quote on commercial insurance.