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.

When you open a construction firm in Bloomfield, NJ, you’ll need a special type of commercial insurance called contractor’s insurance from E.S.T.I.R. Inc. The term contractor’s insurance refers to a set of insurance coverage types in a policy package, and it protects your business’s liability and employees.

What’s in Contractor’s Insurance?

This insurance package for construction contractors addresses four business needs. Typically, a contractors’ insurance package includes:

• Workers Compensation
• Builder’s Risk
• Inland Marine
• General Liability Insurance.

Most contractors require all four types of insurance. Let’s consider what each does.

Workers’ Compensation (Workers’ Comp)

As long as you employ other individuals, you must legally carry workers’ compensation coverage which protects your employees if they get hurt on the job or become ill due to exposure to chemicals on the job.

Builder’s Risk

Builder’s risk insurance provides liability coverage for you and your employees, plus the residents of a home in which you work. If an accident occurs while you work on your project relating to it, such as someone tripping and falling over lumber you piled outside the back door, then this insurance covers their medical costs for treatment.

Inland Marine

Inland marine insurance covers your transport of materials, especially those purchased by your client. It doesn’t involve Marines. The name stems from the advent of land transportation, such as trucking, as a supplement to oceanic transportation, hence the marine.

General Liability Insurance

Like all other businesses, a contractor needs to obtain general liability insurance. This type of liability protects your finances from various issues, including libeling someone and accidents in your office.

Contact E.S.T.I.R. Today

Contact us today to obtain your builder’s risk insurance policy. Let E.S.T.I.R. Inc. help you protect your Bloomfield, NJ, business.

When someone asks if your Bloomfield, NJ business has a commercial insurance policy, you might think there’s only one policy type. More than 25 types of commercial insurance exist, and this blog explains the specialized insurance policies needed by the different types of businesses, such as dentists, medical doctors, lawyers, dance studios, etc.

E.S.T.I.R. Inc. offers all types of commercial insurance, including business owners’ policies, called BOPs in the industry. Commercial insurance involves many coverage aspects, each with its own policy.

Business Vehicles

If you primarily drive your auto for business purposes, you need to cover it with commercial automotive coverage. This protects your liability for causing an accident and your vehicle if you choose full coverage. Obtain a fleet policy if your business owns or leases more than one vehicle.

Truckers, we also offer the commercial coverage you need, including trucking liability and bobtail insurance. Let us help you properly insure your truck’s cab, trailer, loads, and personal use.

Malpractice and E&O

Individuals in the medical profession need medical malpractice insurance to protect their liability. This type of coverage ensures that they’re insured if something goes wrong during surgery or they misdiagnose a disease. Errors and omissions (E&O) insurance covers their liability if a medical device they created does harm. Examples of this include dental braces, prosthetic limbs, and implants.

Glass Insurance

Stores with storefronts of plate glass require glass coverage. A dance studio would also need this type of coverage to insure its mirrors that line the rehearsal floor. Gyms and retail stores typically purchase this insurance, too. Both locations contain significant amounts of glass as windows and mirrors.

Lawyers Need Liability Coverage

Lawyers must also purchase special business liability coverage called malpractice, but theirs focuses on legal malpractice. Both lawyers and medical practitioners typically hire staff, so they also need workers’ compensation coverage.

Contact E.S.T.I.R. Inc. Today

With more than 25 types of commercial insurance to cover your Bloomfield, NJ business, only a consultation with E.S.T.I.R. Inc. via Zoom or in person can uncover the types of insurance you need.

Any individual offering a product or service to the general public should have adequate commercial insurance. Anyone living in the Bloomfield, NJ, area can count on E.S.T.I.R. Inc. to provide the right commercial insurance to suit their specific situation.

Commercial Insurance Protection 

Commercial Insurance is a necessary tool for anyone operating a business. Commercial insurance is essential for individuals owning brick-and-mortar stores, mobile companies, and online businesses. Those operating in the online climate need the correct type of commercial insurance to protect them from various online risks and issues.

Our team can work directly with each customer to learn more about their specific business needs and then match them with top-quality insurance options with the highest coverage level.

The goal is to protect business owners and avoid gaps and coverage. We take the time to explain the fine print and ensure the customer understands the limits of their policy and what’s covered. We can assist with securing the policy, making any necessary adjustments during the policy’s lifetime, and even claim submissions. We strive to provide complete customer service to help you rest easy. 

Call Us Today 

Securing commercial insurance doesn’t have to be a hassle. We proudly offer a full range of services to make securing commercial and service hassle-free. E.S.T.I.R. Inc. is standing by to provide the residents of Bloomfield, NJ, with the support and insurance services they need to protect the things that matter most. Call or stop by our office today to schedule a consultation or get answers to questions about our range of services. Find out how to get the peace of mind you need. 

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.