If you are a New Jersey resident who owns a business, make sure it is protected from financial loss. The O’Donnell Agency LLC can explain why it is so important to protect your business.
Why Commercial Insurance?
Many times, being adequately prepared financially for sudden loss can make the difference between being able to stay in business and shutting your doors. The best investment a business owner can make to avoid financial loss is to purchase a commercial insurance policy.
The most common types of commercial insurance are:
General liability provides coverage for a business for personal injury and property damage caused by the business’s products, operations, or any injury that occurs on the premises.
Property insurance covers losses caused by lightning, fire, hail, wind, or acts of vandalism. Glass breakage and earthquake damage can be added.
Business interruption insurance is designed to cover your expenses and losses while your business is under repair or is being rebuilt and is unusable.
Workers’ compensation insurance pays for the employee’s medical expenses and lost wages if they become ill or injured because of their job, so they do not need to be paid out of pocket by the company.
Commercial auto insurance provides physical damage and liability coverage for vans, trucks, or cars that are used for business purposes. Commercial vehicles require their own policy as they are exposed to more risk than personal vehicles. Commercial auto insurance is not just for industrial vehicles such as dump trucks or semis.
Contact Us Today
Don’t put your business at risk. Make sure you have commercial insurance to handle any events that could put your finances and the future of your business at risk.
Our insurance experts at O’Donnell Agency LLC are the people to see for commercial insurance in New Jersey. Begin protecting your business today.