Can a Contractor Operate a Business Without Contractor’s Insurance?

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Securing the proper insurance protection is essential if you’re a business owner. It’s imperative if you’re a contractor offering services to the public. Anyone interested in securing contractor’s insurance can count on the experts at E.S.T.I.R. Inc. We proudly offer Insurance products to the residents living in the Bloomfield, NJ, area.

Contractor’s Insurance 

An individual may have a contracting business without having insurance in place. However, that individual would be liable for any damages and fees associated with a liability claim. It’s essential to protect yourself and your business with top-quality contractor insurance.

This type of coverage helps protect the contractor from losses associated with job-specific risks. Anyone interested in securing this type of coverage can work with one of our expert insurance agents to learn more about their options and the terms and conditions for each policy. We work closely with contractors to determine their current and future needs and match them with insurance policies that meet and exceed those needs.

We offer a full range of customer service to help secure the policy, handle any changes during the policy’s lifetime, and claim submissions. We aim to help customers get the peace of mind they need to know they’re covered while performing daily tasks.

Reach Out Today 

If you would like to learn more about contractor’s insurance, you can count on the insurance professionals at E.S.T.I.R. Inc. We provide a range of insurance products and services to the customers of Bloomfield, NJ. Call or stop by our office today to schedule a consultation for services or to get answers to any questions or concerns. Be sure to get the contractor’s insurance coverage you need to prevent losses related to job risks.

What You Need to Know About Homeowners Insurance Cancellation

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If you own a home in Bloomfield, NJ, you know that having the proper homeowners insurance is essential. But what happens if your coverage is canceled? Is it possible for your policy to be canceled without warning? E.S.T.I.R. Inc. explains homeowners insurance cancellation and your options if it happens. 

When Can Homeowners Insurance Be Canceled? 

Homeowners’ insurance can be canceled for various reasons. Some of the most common are non-payment of premiums, filing too many claims within a short time, and making changes to the property that could increase the risk of damage or loss (such as installing a pool). Some insurance companies may cancel your policy for adopting certain breeds of pets. Another possibility is that the insurance company is going out of business. Sometimes, your insurer may cancel your policy for no specific reason—although this is rare. 

What Happens When Your Insurance Is Canceled? 

If your insurer decides to cancel your policy, they must provide you with written notice at least 30 days before the effective date of cancellation. The notice must include an explanation as to why the policy has been canceled. Depending on why your policy was canceled, you may have options such as switching insurers or negotiating a payment plan with your current company.  

Where Can I Get More Information About Homeowners Insurance Cancellation?   

E.S.T.I.R. Inc. provides comprehensive homeowners insurance coverageexplicitly tailoredy for Bloomfield, NJ residents. We can answer any questions about homeowners insurance cancellations and provide additional information about how best to protect yourself from unexpected cancellations or lapses in coverage. Contact us today for more information and details! 

 

How Tire Pressure Affects Car Safety

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Although having a solid auto insurance policy in place is important, your first line of defense should always be learning better ways to prevent accidents from happening in the first place. Here at E.S.T.I.R. Inc, serving Bloomfield, NJ, and the surrounding areas, we are committed to helping clients stay safe on the road. Keep reading to learn more about how tire pressure can affect your car’s safety. 

Tires and Safety 

Because your tires are the contact point between your vehicle and the road, the condition of your tires is of the utmost importance. You need always ensure that your tires are in the best and safest condition to keep your vehicle steady when traveling. Ignoring tire maintenance can lead to serious safety issues with your car. 

Overinflated Tires

When tires are overinflated, it can increase the risk of blowouts. A blowout takes place when a tire explodes while driving. This can create a very unsafe situation for you and other drivers on the road. It is straightforward to lose control of your vehicle during a blowout. This might cause you to hit another vehicle or object. 

Underinflated Tires

Underinflated tires are also a safety risk. When the tires are underinflated, you will not have the same type of control of the vehicle as when the tires are properly inflated. Riding on underinflated tires is also damaging to other aspects of your vehicle as well. 

Proper Inflation 

The proper amount of inflation will vary from vehicle to vehicle. Each vehicle will provide the recommended PSI for that vehicle, usually printed somewhere on the vehicle. You can easily look up the information online if you can’t find it on your vehicle. 

If you want to learn about our auto insurance services, please get in touch with us at E.S.T.I.R. Inc., which serves Bloomfield, NJ, and the surrounding areas. 

Choosing the Type of Business Interruption Insurance That Is Best for You

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Business interruption insurance replaces the revenue you lose when you are forced to temporarily stop your operations due to a covered event, such as a fire or storm. At E.S.T.I.R. Inc., serving Bloomfield, NJ, you can get business interruption insurance as part of your business owner’s policy or as a separate policy written for a specific set of perils.

What’s Covered by Business Interruption Insurance?

Business interruption insurance covers losses caused by specific events listed in the policy. Your business interruption insurance may cover:

  • The revenue your business would have taken in if you didn’t have to close
  • Mortgage payments
  • Utility payments
  • Payroll costs
  • Loan payments
  • Relocation costs, if you have to move to a new location
  • Training costs, if you lose employees while you are recovering from the event and you have to train new staff

Business interruption insurance does not cover the cost of repairing damage from the event. These are covered in your casualty insurance. (You will need separate coverage for flooding.) It won’t cover utilities because they are usually cut off when your business is closed. And it doesn’t cover income you don’t include in your financial statements.

Who Needs Business Interruption Insurance?

E.S.T.I.R. Inc., serving Princeton, Newark, Bloomfield, NJ, and all the communities in between, has a simple answer to this question: Everyone!

Generally, if you have fewer than 100 employees or revenues under $5 million per year, you can get the business interruption coverage you need in your business owner’s policy. Ask your agent at E.S.T.I.R. Inc. to be sure. You probably need a separate business interruption policy if you have a medium-sized or large business.

E.S.T.I.R. Inc., serving Bloomfield, NJ, can provide the insurance your business needs at a reasonable cost. Call us at (973) 481-5300 for more information and a quote.

Why Contractors Insurance is Vital for Your New Jersey Business

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All contractors in the state of New Jersey are required to carry contractor insurance. It’s an important requirement that protects you, your business, and your clients in an emergency or accident. While it can be a confusing process to get the right coverage, it’s essential that you do so to protect yourself, your employees, and your customers. Let’s inspect why contractors’ insurance in Bloomfield, NJ is vital to your business and is more than just a legal requirement. 

Why Does a Contractor Need Insurance? 

Contractors insurance helps protect you from legal action taken against you because of mistakes or accidents on the job site. This type of liability insurance covers medical expenses, property damage caused by employees, and other costs that may arise from an incident on the job site. It also covers potential legal fees associated with such incidents. This protection can help mitigate any financial losses that may result from such events. E.S.T.I.R. Inc. can help you sort through the policies and plans to find the best one for you and your business. 

What Type of Coverage Do I Need? 

The coverage you need depends on several factors, such as what type of work you do and who your customers are. Most contractors need general liability and workers’ compensation insurance if they have employees. Depending on the job and specific risks, additional types of coverage may be necessary.

For example, equipment coverage may be necessary if you use large machinery or other special tools. It’s also important to consider product and completed operations coverage, which covers damage caused by the work you have completed. 

If you’re looking for reliable contractor insurance in Bloomfield, NJ, that fits your needs and budget, contact E.S.T.I.R. Inc. today to see how we can help safeguard your business.

When Should You Update Your Home Insurance?

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It’s important to update your home insurance policy due to certain events. This ensures that you have the proper coverage. At E.S.T.I.R. Inc. in Bloomfield, NJ, we offer home insurance and other types of coverage. 

Renovations 

If you’ve just performed renovations or significant improvements on your home, you’ll need to update your homeowner’s policy. If your home is damaged or destroyed, the compensation you receive will be based on the value of your home. 

Renovations and other improvements increase the value of your home. Notifying your insurance company means you are covered for the current full value of your home.

Major Purchases 

Your homeowner’s policy also covers your possessions. However, some high-end items require a rider to provide adequate coverage. You should notify your insurance company if you just purchased a home theater system or expensive jewelry. 

Attractive Nuisances

A swimming pool is an excellent example of an attractive nuisance, but it’s not the only one. Other items, including playground equipment, treehouses, and trampolines, also fall into this category. 

 They can increase the value of your home. However, they can also affect your liability. Your premium may increase, and you may need to increase your liability coverage to protect your assets. 

Security System

You installed a security system because you want to keep your family safe. However, it’s also beneficial to your insurance company. It reduces the risk of property damage, fire, and other incidents that could trigger an insurance claim. For this reason, many insurance companies offer a discount on security features. 

Home Insurance with E.S.T.I.R. Inc.

If you need home insurance in Bloomfield, NJ, contact us at E.S.T.I.R. Inc. Our knowledgeable agents will discuss your coverage needs and help you select the best policy. 

What Are the Types of Auto Insurance Coverage?

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If you own a car and drive regularly, it is also essential to have car insurance. It protects you if you get involved in a car accident, or something happens to your vehicle. There are many auto insurance types, so deciding which one you need can be challenging. Let’s take a look at the most common types of car insurance: 

Types of Auto Insurance Coverage

  • Collision coverage. It covers the damage to your car if you hit another car or object. If your vehicle is totaled, collision coverage will cover the value of your car. This type of coverage is mandatory for everyone who has a lienholder. 
  • Comprehensive coverage. While collision coverage covers road accidents, comprehensive coverage covers situations unrelated to a covered accident, such as vehicle theft, weather damage, or hitting a deer. 
  • Liability coverage. This coverage will help you if you are involved in a car accident and your actions cause this accident. This type of auto insurance will cover property damage and medical bills from resulting injuries. 
  • Bodily injury liability. This type of insurance protects you against financial loss if you hurt someone in a car accident. For example, if you run a red light and hit a person crossing the road, this type of auto insurance will pay for the medical treatment of an injured person. 

E.S.T.I.R. Inc. – an Insurance Agency in Bloomfield, NJ Known for Excellence and Experience

Are you shopping for car insurance to protect your vehicle and yourself? Do not hesitate to contact E.S.T.I.R. Inc. – an insurance company in Bloomfield, NJ that has been in business since 1999. Our company specializes in different types of insurance, including commercial, home, and auto insurance. If you have any questions about insurance types or need help choosing the best insurance plan for you, feel free to contact us. 

Own a Business? Make Sure You Have Commercial Insurance

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E.S.T.I.R. Inc. is an insurance company located in the Bloomfield, NJ area. One of the many products they provide is commercial insurance for businesses. If you are a business owner, ensure this protection for your livelihood.

Commercial insurance is vital for businesses. It protects the business from losses commonly experienced, such as theft, liability, property damage, and employee injury. With the right insurance coverage, businesses can easily recover from these losses. Without it, there is the risk of going out of business.

The main types of commercial insurance are property insurance, liability insurance, and workers’ compensation insurance.

  • Liability insurance protects against damage the business inflicts on customers or clients. It also covers the expenses related to property damage lawsuits or personal injury that occur at your company.
  • Property insurance covers any damage to your business property due to a flood or fire, etc.
  • Workers’ compensation insurance protects your business if an employee is hurt on the job. It also prevents workers from filing a negligence lawsuit.

There are more specific forms of coverage under each of these coverage types that offer protection from a business-specific type of liability. As this type of insurance can be complicated, make sure to get answers to any questions that arise, so you are clear about the conditions and terms of the insurance. Communication with your agent is crucial.

The insurance professionals at E.S.T.I.R. Inc. can provide all the answers you may need before purchasing this coverage. If you are a business owner or thinking about becoming one, you need commercial insurance coverage. Make sure your business is covered with all the protection possible to ensure its success. Commercial insurance will provide that protection. Contact E.S.T.I.R. today for a no-obligation quote. You will be glad you did.

How much contractor’s insurance do I need?

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As a contractor, having the right insurance is crucial if something goes wrong while your project is underway. But what type of contractor’s insurance do you need, and how much should you buy? Here are some tips on how to get contractor’s insurance and what to do if something goes wrong.

What is contractor’s insurance?

First, it’s important to understand what contractor’s insurance is and what it covers. This includes coverage for liability, property damage, personal injury, medical costs, and more. Some types of contractor’s insurance may also offer additional benefits, such as access to legal support in the case of a lawsuit.

How much contractor’s insurance do I need?

To determine how much contractor insurance you need, it’s important to consider the size and scope of your project as well as any potential risks that may be involved. For example, suppose you are working on a large construction project in a hazardous area or with potentially dangerous materials. In that case, you will likely need more insurance than if you are doing some simple repairs around the house.

The different types of contractor’s insurance.

There are several different types of contractor’s insurance that you may want to consider, including general liability insurance, builders’ risk insurance, property damage coverage, and more. You can also shop around to find the best rates on your contractor’s insurance, which can help you save money while still providing adequate protection for your project.

Contact us today!

If you have any questions about your insurance coverage, give E.S.T.I.R. Inc. a call today. We proudly serve contractors in the Bloomfield, NJ area.

Tips to Help Keep You Safe When Driving in the Rain

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Winter weather can bring rainstorms with it. Unfortunately, the number of car accidents increases when it rains, as roads are slick. At E.S.T.I.R. Inc., providing residents in the greater Bloomfield, NJ area with auto insurance, we want to help you stay safe while driving in the rain.

Here are a few tips you should keep in mind if the weather forecast calls for rain in your area. 

Make Sure You Have Enough Tread on Your Tires

Before you head into the rainy season, it is always recommended that you check the tread on your tires and ensure enough tread. If your tires are worn, you are more likely to slip and slide on the road during a rain storm. Replace your tires as needed to help prevent this issue. 

Replace Your Windshield Wipers

It is also recommended that you check your windshield wipers before the rainy season and replace them if needed. You want to ensure your windshield wipers can remove rain without smudging or smearing it, helping you to see the road clearly. 

Drive Slower Than the Posted Speed Limit

Lastly, slow down when you are driving in the rain. Going a little bit slower can help you avoid accidents when driving in wet, slick, or icy conditions. 

All of the above tips will help you to stay a bit safer when you are driving in the rain. However, you cannot prevent every car accident from happening. This is why having auto insurance is so important. The right policy covers you in case the unexpected happens. If you are looking for a new auto insurance policy, the team at E.S.T.I.R. Inc., serving the greater Bloomfield, NJ area, would love to help you. Call us now to discuss your auto insurance needs and the type of coverage that is right for you.