Author Archives: AgentInsure

As a Contractor, Why Do I Need Umbrella Insurance?

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What Contractors Need to Know About Umbrella Insurance

Whether you operate a modest business as a contractor providing specific services or if your business is larger and offers a wide range of services, having enough insurance coverage is a necessity. As a contractor, you already have the required insurance the state requires for Bloomfield, NJ, and the surrounding areas. Contractors are required to have coverage, such as general liability, commercial vehicle coverage, and workers’ compensation. With help from our team at E.S.T.I.R. Inc., we will explain the importance of having additional coverage to protect your business. This coverage is known as umbrella insurance.

About Umbrella Insurance

In simple terms, umbrella insurance serves as an extra layer of protection for your business. If your company is involved in an accident and claims are filed, umbrella insurance steps in. You must have other policies to qualify to purchase an umbrella insurance policy.

Umbrella Benefits

As a contractor, you may work on large projects. In the event of an accident, you are more prone to encounter high-dollar claims. With umbrella insurance in place, the policy provides the additional coverage needed when a claim exceeds your standard policy limits for coverage.

Having an umbrella insurance policy can save you money, especially on these large types of claims. The extra cover can distinguish between protecting your company and financial ruin due to a lawsuit.

Why Purchase Umbrella Insurance?

There are several reasons to consider purchasing umbrella insurance. These include financial security, protection on company assets, assurance of coverage for large claims, coverage of personal injury claims, and more.

Contact E.S.T.I.R.

Stay updated with the coverage needed to protect your business assets and provide peace of mind. Call us at E.S.T.I.R. for information about what’s involved in protecting Bloomfield, NJ businesses with an umbrella insurance policy.

Choosing the Right Health Insurance Policies for Your Employees

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As a business owner, it’s crucial to select the right types of insurance policies to protect your company’s assets. If your business is in the Bloomfield, NJ, area, our team at E.S.T.I.R. Inc. is ready to answer your questions and help you make the right insurance choices. We’ve been working with businesses in your area for over 23 years.

Choosing the Right Health Insurance Policies for Your Employees

When choosing an insurance policy for your employees, it’s important to analyze the needs of your employees and make a choice that will benefit the majority. Some employers survey their employees to determine the healthcare needs of the majority. You’ll need to decide whether your company will pay part of the overall premium for the employees and whether you are willing to pay part of the premium for their spouses and children.

There are many types of health insurance policies available to employees. For example, you may decide to choose an HMO (Health Maintenance Organization), a PPO (Preferred Provider Organization), or an EPO (Exclusive Provider Organization). Another choice to make is how the employees will pay for the balance of their healthcare services. For example, some companies choose a Flexible Spending Account, which reserves a specific amount of the employee’s salary for healthcare costs and makes that amount tax-free.

Contact Us Today for Your Appointment

We remain dedicated to our mission of serving our community by offering the best insurance options for area companies. Businesses in the Bloomfield, NJ, area can count on our experience and commitment to customer service. Working with our team at E.S.T.I.R. Inc. will provide you with the business expertise you need. Call us for an appointment today, and let’s talk about insurance.

Will Home Insurance Repair My Home After A Kitchen Fire?

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If your home has recently been damaged in a fire, your insurance policy could provide much-needed help. In such a situation, it’s important to know whether your home insurance policy covers fire damage and, if so, what steps you should take. The professionals at E.S.T.I.R. Inc., serving Bloomfield, NJ, can assist you with this process. In this article, we’ll discuss home insurance coverage and what to do if you need to make a claim.

Does Homeowners Insurance cover Fire?

Most standard home insurance policies cover damage from fire. Talk to your insurance agent to confirm if your home insurance policy provides this type of coverage. Your insurance agent can provide information about your specific policy. You can also request a copy of your home insurance policy, which is good to have on hand.

What Should I Do If I Have a Claim On My Homeowners Insurance?

If your home has recently been damaged in a fire, talk to your insurance agent as soon as the situation is under control. Your first phone call should always be to emergency services. Once the fire is extinguished and you’re ready to start the recovery process, contact your insurance agent.

Your insurance agent can guide you to the forms that need to be filled out. You will need to save receipts and may be asked to take pictures of the damage. The insurance agency will likely send a claims adjuster to assess the damage to your property.

If you have questions, call E.S.T.I.R. Inc., serving Bloomfield, NJ, today to learn more about how you can file a claim with your insurance agency.

AI, Automated Vehicles, and You – Get Auto Insurance with a Personal Touch

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In today’s fast-paced, technology-driven world, technology seems to surround us. From AI predicting our next moves to automated vehicles appearing in more towns and cities, technology is increasingly prevalent. However, when it comes to securing the protection and auto insurance we need, there are still people who can help. That’s why so many Bloomfield, NJ, area drivers turn to the team at E.S.T.I.R. Inc. for all their auto insurance questions and needs.

AI, Automated Vehicles, and You – Get Auto Insurance with a Personal Touch

While technology is fantastic, some things require a human touch. Certain concerns and questions in life need more than an automated response or pre-programmed answer. When our new young driver gets behind the wheel for the first time, we want assurance from a human being, not a robot, that they will be alright and that our insurance will keep them covered.

If you live in or around the Bloomfield, NJ area and have questions about auto insurance that require a human response, we can help. Contact us to find out more and schedule an appointment for the auto insurance you deserve today, with a human touch, at E.S.T.I.R. Inc.

Understanding Employment Practices Liability Insurance (EPLI) for Employers in Bloomfield, NJ

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As an employer in Bloomfield, NJ, it’s imperative to understand EPLI, or Employment Practices Liability Insurance, and what it means for you and your business. Employment-related claims can cause significant disruptions and downtime for your business, regardless of your company’s size or industry. Understanding EPLI for employers is a way to protect your business and yourself from allegations, including harassment, wrongful termination, employment-related issues, discrimination, and more. At E.S.T.I.R. Inc., we specialize in providing EPLI guidance and policies for employers who are currently active in the Bloomfield, NJ, region.

Understanding EPLI

EPLI (Employment Practices Liability Insurance) provides financial protection and legal defense costs for business owners and investors who are facing employment-related lawsuits. The right insurance policies can mean the difference between protecting your business or facing a serious and significant loss when faced with a potential lawsuit.

The Importance of EPLI for Business Owners in Bloomfield, NJ

  • Common Employment Claims: EPLI can help protect against wrongful termination, harassment, or discrimination claims while preserving and protecting your brand’s reputation.
  • Legal Fees and Settlements: On average, defending an employment claim can cost upwards of $125,000. EPLI helps to cover court costs, attorney fees, and even settlements or judgments linked directly to the case.
  • Rising Claims: The rise in employment claims in New Jersey increases the likelihood of facing a potential lawsuit, which makes EPLI a wise investment for any business owner.

If you are an employer in Bloomfield, NJ, and you are currently employing full-time staff members, it’s essential to consider EPLI. Finding the right EPLI policy is a must to protect your financial investments in your business while simultaneously protecting your peace of mind. For more information about EPLI in Bloomfield, NJ, as a business owner, contact E.S.T.I.R. Inc. for your consultation and quote today.

How Contractors Insurance Helps Minimize Lawsuits For Your Construction Business

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You may consider purchasing contractor insurance if you own a construction business in and around the greater Bloomfield, NJ, area. Here at E.S.T.I.R. Inc., we aim to help our local community better understand insurance products and how they can positively impact their businesses and lives. Here’s more information about how contractor insurance can help to minimize lawsuits for your construction business.

Provides Liability Coverage

Contractor insurance provides liability insurance. If an employee accidentally damages a home or equipment during a construction project, insurance will cover the damage or replace items, helping to protect you against liability-type lawsuits.

Protects Your Workers On the Job

Many types of contractor insurance policies also help protect your workers while on the job. If you have any employees, you are legally required to carry worker’s compensation insurance for all of your employees. If you fail to do so, those employees can sue you if they sustain injuries during the scope and course of their job.

Offers Professional Indemnity

Lastly, contractors’ insurance helps to minimize lawsuits by providing professional indemnity. If you get into disputes over poorly written contracts or due to errors and omissions in contracts, this type of insurance helps to cover your legal fees or any losses caused by these issues.

Ready to Learn More? Contact E.S.T.I.R. Inc. Now

There are numerous benefits to purchasing contractors’ insurance and numerous ways these policies can help minimize lawsuits for your construction business. If you’re ready to learn more about this type of policy, including obtaining an estimate for a new policy in the greater Bloomfield, NJ area, contact us at E.S.T.I.R. Inc. today to get started.

Can My Insurance Agent at E.S.T.I.R. Inc. Give Me Quotes from Multiple Auto Insurance Providers?

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When you’re in the market for auto insurance, it’s important to shop around for the best, most affordable policy available. While shopping around can be a hassle, it becomes much easier when working with the agents at E.S.T.I.R. Inc., servicing Bloomfield, NJ. Here’s what you need to know about the benefits of working with E.S.T.I.R. Inc.

Multiple Quotes Are Available

E.S.T.I.R. Inc. is an insurance agency that works with many different insurance carriers. At E.S.T.I.R. Inc., we can request different insurance carriers to produce quotes for your auto insurance policy. Each policy will have benefits to consider, and the price of each policy will vary by carrier.

Benefits of Working With an Independent Insurance Agent

An independent insurance agent is a type of insurance agent that works with different carriers. There are many benefits of working with independent insurance agents when getting auto insurance:

  • Many options to consider: Since an independent insurance agent works with many carriers, this gives their clients many choices to consider.
  • It is easier to find the right policy for you: An independent insurance agent can consider your many needs when choosing a policy and shop until they find the one that is best for you.
  • Not beholden to one insurance carrier: An independent insurance agent is not loyal to a specific insurance carrier; they’re loyal to you, the client.

Need Auto Insurance? Let Your Agent at E.S.T.I.R. Shop Around For You!

At E.S.T.I.R. Inc., servicing Bloomfield, NJ, we work with several types of insurance, so we can help you find the auto insurance that’s right for you. We’re dedicated to ensuring that our clients get the auto insurance they need! To learn more about how we can work with different carriers, give us a call today.

Does My Home Insurance Require a Home Inventory?

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Creating a home inventory is a proactive step you can take to protect yourself in the event of a disaster. It also helps you stay organized during the recovery process after a disaster.

A home inventory is also a requirement for some people with home insurance. At E.S.T.I.R. Inc., servicing Bloomfield, NJ, we can help you determine whether a home inventory is a requirement for your home insurance. Here’s what you need to know.

What Is a Home Inventory?

A home inventory is a comprehensive list of your belongings. It should include model numbers, costs, purchase dates, and other information that will assist you in replacing your belongings if they are destroyed. A home inventory can simplify the rebuilding process.

With a home inventory on hand, you won’t need to worry about forgetting the things you own. You’ll be able to replace what you need with less stress.

Some people use spreadsheets and apps to create their home inventory, while others simply make a video recording of their possessions to help them remember what they have.

Does My Home Insurance Require a Home Inventory?

Some home insurance policies require a home inventory, and some do not. Your insurance agent at E.S.T.I.R. Inc. can help you determine whether your home insurance policy requires a home inventory.

Have Questions? Call The Agents At E.S.T.I.R. Inc.

The professionals at E.S.T.I.R. Inc., servicing Bloomfield, NJ, can provide advice on making and maintaining a home inventory. If your insurance requires one, we can help you create one that meets the requirements. Call today.

The Growing Importance of Environmental Liability Insurance for Businesses

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At E.S.T.I.R. Inc., proudly providing insurance to residents in the greater Bloomfield, NJ region, we recognize that the business risk landscape is evolving. One area gaining significant attention is environmental liability insurance. But why is this coverage becoming so crucial for businesses today? Let’s explore.

Understanding Environmental Risks

In today’s world, businesses are under increasing scrutiny regarding their environmental impact. Environmental risks are a reality, whether you’re a manufacturer, a construction firm, or even a small business. An accidental spill or contamination can lead to significant financial and legal repercussions. Environmental liability insurance provides a safety net, covering the costs associated with cleanup, legal fees, and damages.

Protecting Your Business Reputation

Beyond financial protection, environmental liability insurance can safeguard your company’s reputation. In an age of rapid information dissemination, any environmental mishap can quickly become public knowledge. By having the right insurance in place, businesses can demonstrate their commitment to responsible practices, which can enhance public trust and customer loyalty.

Meeting Regulatory Requirements

Increasingly, businesses are required to meet stringent environmental regulations. Non-compliance can result in heavy fines and operational shutdowns. Environmental liability insurance helps ensure that companies can effectively manage the costs associated with regulatory compliance and potential breaches.

Who Needs This Coverage?

While traditionally associated with industries like manufacturing and waste management, environmental liability insurance is becoming relevant for a broader range of businesses. From real estate developers to agricultural enterprises, understanding and mitigating environmental risks is critical.

As environmental concerns continue to grow, so does the importance of being prepared. E.S.T.I.R. Inc., serving the greater Bloomfield, NJ area, is here to help you navigate these challenges. Reach out to us today to discuss how environmental liability insurance can protect your business and secure its future.

Contractor Insurance – Coverage for Your Workforce

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It is crucial to provide your workers with adequate protection during each construction project they participate in. Let’s review some contractor insurance coverage types that may benefit you and your workforce.

Contractor Equipment

The equipment you own as a contractor should be inspected and maintained regularly. Taking good care of the equipment will protect your workers while actively completing a construction project. Ladders, tools, heavy-duty machinery, and vehicles should be addressed during each inspection that you complete. Prepare plans to upgrade items as needed. Whenever you make a new purchase, update your existing contractor insurance policy.

Potential Injuries

Injuries can occur when you least expect them. It is important to have adequate liability coverage at all times. This type of protection will shield you from expensive lawsuits. Your insurance will cover your legal fees, alleviating you from any financial obligations that need to be handled independently. Consider the dangers that could lead to an injury. An assessment of each piece of property where work will be conducted should be scheduled before beginning each project you have contracted. Once you have completed an assessment, choose liability protection covering you and your workforce.

Fleet Responsibilities

Your fleet of vehicles may be used to transport workers and materials needed for contracting projects. Make sure that your fleet drivers are covered with the protection needed to perform their job duties safely. Insurance protection can also be acquired for the equipment that will be transported to different construction sites.

Find New Jersey Insurance Services

Contact an agent who serves Bloomfield, NJ to receive personalized insurance services. An agent from E.S.T.I.R. Inc. will consult with you first. They will ask you about your contracting duties. Then, they will recommend contractor insurance products that you may need.