Monthly Archives: March 2018

3 Questions You Should Ask About Auto Insurance

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The idea of not buying a policy to secure your car can be tempting. No doubt car insurance policies are usually expensive however no car cover is a very bad idea. For starters, it is worthy of note that all fifty states in the country, including Newark, NJ, are against driving an uninsured car. In addition, if you have an accident and you are wrong, you could be sued for everything you own. Instead of going undercover, there are a couple of questions about auto insurance you should discuss with your agents at E.S.T.I.R. Inc. to help you choose the best possible policy.

What is full coverage?

There is no "total coverage". If your insurance company sells all the protective measures they had in their arsenal, there would always be things that would not have been covered. An example is the use of vehicles for illegal activities. Avoiding police, smuggling drugs or other illegal substances or people and intentional criminal offense are a good example of things you would never cover if your vehicle was damaged or destroyed.

What is the level of risk?

Car insurance risk assessment is based on a number of factors, such as age, sex, occupation, place of residence and driving time. Prices for new drivers are likely to be high, and persons with criminal records will also be labeled as higher risk. The higher the risk, the higher your premium will be.

What are my payment options?

Auto insurance is an excellent financial obligation so it is necessary to determine how to pay for it. Most insurance companies offer the possibility of paying an annual lump sum or paying half an annual amount every six months. The most frequent payment frequency is monthly, as it tries to make the budget more realistic, but in the long run, it can increase your annual costs. However, if you can afford an annual fee, it usually means you are entitled to a discount so if you can pay an invoice instantly, it’s advisable to do so.

Before you can hit the road, car insurance is the most important thing on your list of obligations! But the demand for car insurance can be a complex problem if you have not done it before and you do not know what to look for.

For more information about finding the right coverage in Newark, NJ contact E.S.T.I.R. Inc.

 

Rising Legal Costs Kills Small Businesses Prematurely

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Guess what the number one killer of small businesses in Newark, NJ tends to be in the first year? It’s not competition or licensing. It’s not physical location start up costs or business licenses. And it’s not the cost of labor, even though employees can be expensive.

Give up?

It’s litigation. When the cost of an attorney runs well over $300/hour and a full case cost just to get to court day for the actual trial can exceed $500,000 it’s no surprise many small businesses just don’t have the assets or liquid cash to take on such a challenge. Add in the fact that many small businesses are not separate entities and instead are sole proprietorships or partnerships, then bankruptcy is obviously the only path of quick resolution and limitation of costs getting out of control.

And it doesn’t take much for a business to trigger a lawsuit either. From what E.S.T.I.R. Inc. staff have seen, the typical claim can come from anything ranging from a contract dispute to the physical store address not being designed properly for consumers with disabilities to pass freely. Right or wrong, legal interactions are painfully expensive and even just settling them quickly can cost in the thousands of dollars, both in terms of payouts as well as paying for the business’ own representation.

However, running the gauntlet on a legal baccarat table doesn’t have to be your choice starting a business. It’s ludicrous to spend all that energy, money and time trying to make a new company thrive only to see it all taken away in one legal filing. That’s where commercial insurance comes in as a critical safety net protection. E.S.T.I.R. Inc. can provide your business the critical understanding it needs to choose the right policy for operations. And their expert staff can help Newark, NJ businesses of all types, regardless of industry.