Starting a New Jersey business comes with significant investments in buildings and employee labor, assets that need coverage in the event of a hazard. Commercial insurance can help protect you from various uncertainties that often plague businesses, helping you get back on your feet without additional interruptions. Costa Do Sol Agency Inc. proudly provides a variety of options for you to protect your business in various ways.
Workers compensation insurance is one of the mandatory policies for businesses operating within the region. According to state laws, businesses with one or more employees must have this policy and work for both part-time and full-time employees. This coverage protects workers when they get injured during work, helping pay for hospital expense costs.
Commercial auto insurance is the second mandatory coverage for businesses within the state, which covers business-owned vehicles. These include those used to carry business packages along with those ferrying employees to and from workplaces. However, keep in mind that personal vehicles used for business purposes are not covered by this policy and will require you to get extra coverage. Commercial auto insurance ensures that property damage expenses are catered for and any bodily injury liability arising from accidents.
This is additional coverage that protects businesses from liability arising from customer injuries and property damage. In addition to this, it also caters to libel and slander lawsuits that your business may face.
Data breaches can amount to significant expenses, and some may often lead to the business's closure. Fortunately, this is an area that cyber insurance can provide protection, allowing you to continue with your everyday business activities. Areas covered by this policy include data recovery, legal fees, and client notification.
The business that offers expert services in areas such as legal work and accounting faces increased instances of lawsuits as opposed to those dealing with non-expert work. If you fall under this category, professional liability coverage will help protect you against negligence lawsuits and errors and omissions cases while also catering to legal costs.
To get these and other commercial insurance options for your New Jersey business, reach out to Costa Do Sol Agency Inc. today. Our agents understand that each business is different and will help you customize a policy suited to your company’s needs.
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