If you’re a contractor in Bloomfield, NJ, you know the value of protecting your business and projects. One way to protect your business from the unexpected is by investing in contractors insurance from E.S.T.I.R. Inc.

What is Contractors Insurance?

Contractors insurance is a type of insurance that covers the risks associated with a construction project. It’s important to note that not all contractors insurance is created equal, and there are different types of policies that cover different aspects of a construction project. For example, a general liability policy covers the risks associated with bodily injury and property damage, while a worker’s compensation policy covers injuries that occur on the job. We will help you find the right for your business.

Benefits of Contractors Insurance

There are many benefits to investing in contractors insurance, including:

• Protection for your business assets
• Protection for your employees
• Protection for third-party claims
• Access to legal representation
• Peace of mind knowing that your business and projects are covered

What Does Contractors Insurance Cover?

As mentioned before, the coverage of contractors insurance varies depending on the policy you select. However, some common coverages include:

• General liability: Covers third-party injury or property damage claims
• Worker’s compensation: Covers injuries to employees while on the job
• Builder’s risk: Covers damage to a property during construction
• Professional liability: Covers errors or omissions made by the contractor or architects and engineers involved in the project.

As a contractor in Bloomfield, NJ, protecting your business and projects is essential. Contractors insurance is one way to do that, and it offers many benefits including protection for your business assets, your employees, and third-party claims. Contact E.S.T.I.R. Inc. today to get peace of mind knowing that your business and projects are covered.

Regarding insuring your business, liability insurance might not come to mind, but it tops the most commonly purchased commercial coverage list. The broad term liability insurance includes many types of liability coverage, such as general liability, commercial auto, and professional liability.

At E.S.T.I.R. Inc., we want your Bloomfield, NJ business to have commercial coverage to protect it from financial loss. Let’s consider the most common types of commercial liability and which businesses need them. We can help you build a commercial insurance policy that provides coverage for your business needs.

Commercial Auto Liability

When you drive a vehicle only for business or mostly for business, you need to cover it with commercial auto insurance. This insurance consists of two types of liability insurance – bodily injury insurance coverage and property damage insurance coverage. The auto coverage ensures that if police find you at fault for an accident and the other party files a claim for damages, your insurance pays for damage to their vehicle and medical bills. Any business that owns a vehicle or fleet needs this type of liability policy, including pizza delivery restaurants, bakery deliveries, martinizing operations, businesses that provide a company car for executives or sales personnel, etc.

General Liability Insurance

Outside of auto policies, a business also needs general liability insurance. The general liability policy protects the business from financial loss when an individual incurs an injury or property damage while visiting the business, whether an office, home office, or storefront. Common claims against this type of coverage include trip and fall and slip and fall accidents. Any business with customers visiting its location needs this coverage, including grocery stores, clothing shops, doctors’ and lawyers’ offices, etc.

Commercial Property Insurance

Commercial property insurance protects your business in many ways. If another person damages your business, it pays for repairs. If a storm damages it, it pays for repairs. If you rent office space and damage it, it pays for repairs, keeping you out of trouble with your landlord. It covers more than liability but includes it.

Professional Liability Insurance

Doctors and lawyers carry professional liability insurance that protects them from financial loss when they make an error in a service or product. It protects against errors your business has made in the products/services it sells. Corporations that manufacture medical devices, makeup, skincare, hair care, auto parts, etc., carry this type of liability coverage.

Contact E.S.T.I.R. Inc. Today

Protect your Bloomfield, NJ company from financial loss through liability insurance. Call or email E.S.T.I.R. Inc. today to get your policy started.