If you are an employee who uses a personal vehicle for business purposes, commercial-auto-insurance is usually going to be necessary. Even though you might only use your personal vehicle for these business reasons on a limited basis, it is important to understand that your own personal policy will typically not include coverage for these business trips.

You need to review your personal auto insurance policy with your agent in Newark, NJ to learn precisely what is covered and what is excluded, but most personal policies have a clause that will specifically say that if the vehicle is being used for business purposes any damage caused or sustained will not be covered under the terms of the policy.

Since the personal policy will usually not cover any damage, it is important to get commercial-auto-insurance so that you are protected while making business trips, no matter how short or how infrequent they might be.

Your employer will need to be made aware of this, so be sure to speak with your employer and let him or her know that you are not covered under your personal policy and that you need to get proper protection under a commercial policy.

Your insurance agent can work with you to create a policy that includes both personal coverage for your own needs and commercial coverage for the needs of your job and your employer. When you arrange both policies with the same insurance agency, you may even be able to get a discounted rate for doing so!

Feel free to call us or contact us online anytime to get free quotes for commercial car insurance today!

As a business owner, you already know that you need to be fully protected by your insurance policies, but you may not know the differences in two essential types of liability insurance. Most businesses should have both commercial liability and general liability, but you should discuss this with your insurance agent to be certain you are properly covered for your specific situation.

General liability is the liability insurance that all businesses need to have. Most states in the U.S. require this, so you should talk to your insurance agent about the level that will be required to stay compliant in your state. This is the insurance that will provide protection for claims resulting from damages people suffer while on your business property. Further, it will typically also cover claims resulting from product damages, for example if a product produced by your company is found to cause injury.

Professional liability is designed to protect you from different types of claims, namely claims resulting from failure to fulfill business obligations. If your company fails to fulfill the terms of a contract or fails to fulfill obligations and someone has proven damages resulting from that, this insurance will cover those damages.

In some cases you may find that the state minimum levels of liability insurance will suffice for your situation, but many business owners find that it is best to have a more customized level of insurance that will cover every potential damage to the business. Your business is essential to your future and your livelihood, and it should be treated as such. Talk to your independent insurance agent about the coverage needed to protect your business today!

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There are several different types of insurance benefits you should think about offering your employees in Newark, New Jersey. If you want to keep good employees, the type of insurance coverage you provide could mean the difference between people staying for the long term or quitting when they find something better. You should speak with an independent agent about the types of commercial coverage you need in NJ.

One important benefit to offer is health insurance. You can shop around with several different companies to find a health insurance plan you can offer your employees that will not break the bank. If your business health coverage is too expensive, your employees will not be able to utilize the protection. Again, we can help you compare the rates and quotes from reputable insurance providers and find the perfect plan for your business.

Another important benefit is workers compensation coverage. Depending on the size of your commercial business, this type of protection is required by law. In the event one of your employees is injured at work, you need to make sure you are covered to not only pay the medical expenses, but also the missed time from work. Speak with a New Jersey independent agent about how much coverage you will need.

Once your business is up and running and doing well, you want to keep the employees that helped you get there. The best way to do that is to offer benefits that will entice employees to stay loyal to you and your business. Contacts us today to discuss your unique insurance needs and we fill find you the best insurance coverage for your business.

If you own a business in Newark or any other area within New Jersey, you’re required to carry several forms of commercial insurance coverage to protect yourself and your business from various financial liabilities. Commercial insurance covers the gamut from automobiles owned and used by your business to workers compensation and medical expenses for employees.

To maximize your protection against a variety of unforeseen events, it’s important to know what types of commercial insurance policies are available, as well as the coverage they offer:

· General Liability Insurance (CGL) – This form of insurance ensures that your business is covered against legal and financial claims resulting from bodily injury, slander and libel. It also covers your business in the event of theft or vandalism.

· Property Insurance – This form of insurance protects your business property, including land, inventory and on-site possessions, against natural and unnatural disasters.

· Workers Compensation – If your employees are injured on the job, this policy takes care of their medical expenses and wages while they recover.

· Commercial Auto Insurance – Similar to personal auto insurance, it covers the vehicles your business owns and/or uses, as well as their drivers under certain circumstances.

Many of these policies can be bundled into a Business Owner Package (BOP) that offers a significant savings over individually purchased policies.

The amount of coverage offered by these plans depends on the size and type of business and varies by cost accordingly. Don’t hesitate to give us a call to find out how much coverage your business needs to provide adequate coverage and comply with New Jersey state minimums. As your independent agent, we can help you find the right commercial plans that suit the unique needs of your business.

When a personal laptop is stolen or damaged during your commute to the office in Newark, New Jersey, you may worry about where to make a claim for the electronic device. In many cases, your home insurance may offer some protection for the lost laptop, but the details of your plan may vary.

Look at Your Policy

Read your policy thoroughly before you assume that you are covered for a lost, stolen or damaged laptop during your commute in public transportation. Although many insurers may offer some protection for items that are taken out of your home, the situation may or may not be covered under your current policy.

Consider a Commercial Claim

If you lost the electronic device during a commute to the office, then it may be possible that your home insurance will refuse to pay for the device and will require that you make a claim through your employer’s commercial policy.

The details of any homeowner’s policy will vary based on the situation, the details of your plan and the expenses associated with the situation. In many cases, you may be covered under your home policy. In other situations, your insurer may refuse to pay on your claim due to the fact that you were taking the laptop to your place of employment.

Ultimately, every insurer offers a different solution based on the situation and the details of your protection plan. If you do not have coverage for an object that is taken out of the house, then you may need to pay for the replacement of your electronic device out-of-pocket. Contact us to speak to an independent agent to learn more about coverage options. What if during my Commute to my Office via Public Transportation my Personal Laptop gets Lost, Stolen, or Damaged? Would it be Covered by my Home Insurance Policy, in Newark, New Jersey?

An injury to employees when they are on the job in Newark, New Jersey is your responsibility as an employer. By obtaining appropriate commercial insurance, it is possible that you can protect your employees from workplace injuries and keep them from facing financial challenges if they are unable to work due to an accident.

Worker’s Compensation

A key part of ensuring that your employees are covered for accidents on the job is obtaining appropriate worker’s compensation insurance. The policy is designed to address the potential risks associated with your business. If employees are injured, then they will have protection to help pay for the medical bills and other associated costs until they heal and can get back to work.

Worker’s compensation requirements may vary based on your business. If there is a high risk of injuries, then you may need to purchase a greater amount of coverage.

Health Insurance

Another way that you can help protect your employees is by purchasing and offering a health insurance plan. The additional coverage can help your workers stay happy and healthy when they are on the job. It also helps identify job-related risks and factors that may contribute to accidents at work by providing the opportunity to see a doctor on a regular basis.

After an injury, having health insurance will help reduce the cost of medical bills. The coverage will pay for many of the medical expenses so that the financial burden is limited.

As an employer, it is your responsibility to protect your workers from potential injuries. Although a training program can help, insurance is important to help keep the financial risks to a minimum. Talk to an independent agent to learn more about commercial insurance options.

Whether your company is based in Newark, Livingston, Montclair or anywhere else in New Jersey, it may be eligible for the CBT (corporation business tax) and Insurance Premiums Tax Credits Transfer Program. New Jersey offers tax credit certificates, that may be transferred, to businesses relocating to the state. You’ll also probably be allowed to deduct the entire cost of your commercial insurance premiums on your business or corporate tax return.

Insurance Premiums Tax Credits

Section 34:1B-120.2 of New Jersey Revised Statutes (rev. 2013) states the specifics on transferring unused insurance premium tax credit certificates by mid-sized New Jersey businesses. The interpretation and application may appear confusing to the layperson.

The bottom line: Other companies with CBTs and/or insurance premiums tax credits can "surrender" those credits for use by other corporate and insurance premiums taxpayers in New Jersey. The percentage of the tax exemption your company may receive depends on the value of the certificate you acquire and your company’s taxable net income.

Consult with your independent agent servicing Newark for valuable advice regarding your company’s ability to get and use an insurance premium tax exemption for your business. Your company can apply to the Executive Director of Labor and Workmen’s Compensation authority and the Director of the Division of Taxation for a tax credit transfer certificate.

You can receive this exemption for an amount equal to 75 percent of the amount stated on the certificate if you’re relocating to the state. You can then use the exemption to offset expenses of operating in New Jersey.

Commercial Insurance Tax Deductibility

When you purchase commercial insurance for your business, you’ll be able to deduct the premiums from your net profit before you file your taxes. Your independent agent can advise you about purchasing the right commercial insurance for your business to protect your company assets.

Whether you run a large enterprise or have a small business set up, you likely want to focus on earning high profits and reducing your expenses and liabilities so that you strengthen your financial position. However, you can’t deny the fact that your business is always exposed to a risk of financial loss. This might be due to factors such as property damage or employee accidents caused by business operations. Customers also might encounter accidents on your premises, and you might be liable even if the accident wasn’t caused by your business operations. These are just some of the main reasons you need to remain cognizant of all the possible risks that your business might encounter.

Insurance companies offer commercial liability insurance to established business owners and new business owners to provide protection against the risk of loss. For example, commercial liability protects your business against the legal claims and lawsuits because someone got injured at your workplace. Every business needs to have a commercial insurance. It covers physical and advertising injury, property damage, the cost to defend or settle legal claims and personal injury, including slander.

If you have not applied for commercial liability insurance to protect your business against liability claims, you should consider purchasing it now. As an independent agent, we are here to help you choose the best coverage for your business. We can provide detailed information anywhere in New Jersey, including Livingston and Montclair. For example, if you set up your business in Newark, contact us so we can discuss the potential risks for the area and answer all your questions. Remember that when it comes to your business, no matter how carefully you work, a third party can file a lawsuit against your business for matters related to your business operations. If a court finds you liable for negligence, the financial cost can be financially detrimental.