Caring for Your Assets With The Right Insurance

New Jersey is an excellent state to settle down and to own a business. Its beautiful shores fuel its tourism industry, and its close distance to New York City mean many flock to this state to take advantage of its suburban sprawl. However, if you do not protect your business investment with the appropriate NJ business insurance you are in danger of losing your savings during lawsuits or emergencies.

Common Types of Business Insurance

For those diving into the commercial insurance industry for the first time, the terminology and policies may be confusing. However, learning about a few relevant coverages may save you time and money.

A few policies are straightforward such a fire, general liability, theft and flood insurance. Below are some coverage that may cause confusion.

Employment Practices: Employment practices liability insurance handles litigation involving former or current employees. If an employee sues for wrongful termination, failure to promote, discrimination or harassment, this coverage helps you out.

Umbrella Liability: There may be times when your coverage may not be enough to handle high cost emergencies. Umbrella liability steps up with higher limits of coverage.

Inland marine: Inland marine coverage takes care of property and cargo that you are moving over land.

NJ business insurance is accessible and necessary for every business owner. Work with a qualified agent today to get started!