The Bureau of Labor Statistics reported that the private industry had 2.9 million nonfatal injuries in 2019. Cases of workplace injuries are not new. As an employer, the law requires you to ensure that your workers operate in a safe environment.
Regardless of the safety measures that you have put in place, accidents can still happen. It would help to get workers’ compensation insurance. If you’re in New Jersey, O’Donnell Agency LLC can help you with your workers’ compensation insurance.
When to Buy Workers’ Compensation Insurance
Most states require companies to have workers’ compensation depending on the number of employees. Workers’ compensation is a great way to protect your business from financial losses and reputational damage. It’s vital to understand when to buy workers’ compensation, whether your company is well-established or an upstart.
You need to get the coverage as soon as you hire your first employee. If any of your workers got an injury in the workplace, you wouldn’t be held financially responsible if there’s an insurance policy in place. It is best to comply with laws relating to workers’ compensation insurance to prevent cases of criminal or civil penalties.
Workers’ Compensation Insurance in New Jersey
In New Jersey, the law requires businesses to have workers’ compensation insurance. Some employers under federal programs or those in partnerships get some exceptions. Those without employees also don’t have an obligation to get this kind of insurance.
The insurance should also cover part-time employees if they are paid wages and taxed. However, the coverage doesn’t apply to volunteers, interns, and contractors. Business owners must understand workers’ compensation insurance and cases where it applies.
Workers’ compensation insurance can be a challenging concept, especially for new business owners. For businesses in New Jersey, check out O’Donnell Agency LLC to know more about this coverage. The team will guide you on workers’ compensation per the law.
If you are in the state of New Jersey, you will find that you have a lot of housing choices and options. One popular option that people make is to rent their home. If you are going to rent your home, you should make sure that you know your insurance obligations. There are a few different reasons that you will need to get a renters insurance plan here.
Landlord Will Require Insurance
Many people here are going to need to have renters insurance when they are required to have it per the terms of their lease. A renters policy will give a lot of coverage to both the tenant and, ultimately, the landlord. Due to this, landlords in the state almost always require you to get insurance. Usually, you will have to provide evidence of full coverage for the term of your lease.
When Looking to Protect Assets
You will also want to get a renters insurance plan when you want to protect your assets. Anyone going to move into a rental property will have personal assets stored under the roof of the home. If you experience a loss from damage or crime, the cost to replace these items can be significant. Fortunately, you can get renters insurance, which will give the coverage needed to offset the cost.
Those that rent a home in New Jersey need to get the right insurance for it. When you are going to get insurance coverage here, you should call the O’Donnell Agency LLC. The insurance professionals with the O’Donnell Agency LLC can help you determine what your needs and options are. From there, the team will help you build a policy that is right for you.
In the state of New Jersey, it continues to be very important that you spend time assessing your personal insurance needs. One type of insurance that all people in this state should think about getting is umbrella insurance. An umbrella policy will offer you personal liability insurance protection. There are several situations when someone should invest in a new umbrella policy.
When Looking for More Coverage
One situation when someone should get an umbrella policy is when they are looking for more insurance coverage. Most people are going to receive some personal liability coverage through their auto and home policies. However, the coverage that is received will be limited by the policy limit. If a liability claim exceeds this amount, you will have to cover the balance yourself. An umbrella policy can give coverage for liability that is not covered by the base policies.
Coverage for More Risks
It would be best if you also got an umbrella policy when you want coverage for more risks. When you have umbrella coverage, the number of situations covered by the policy is rather vast. This can ensure that you are prepared for unexpected situations that can occur.
There are plenty of reasons why someone in New Jersey should get an umbrella policy. Due to the benefits that this insurance provides, you should always make sure that you get the support and guidance needed to make an informed decision. One company that can help you better assess your needs and options is the O’Donnell Agency LLC. If you do work with the O’Donnell Agency LLC, you can have all of your questions answered and pick a policy that is ideal for your situation and mitigates your personal liability risk as much as possible.
In the United States floods are the most common natural disaster. Billions of dollars of damage are done every year. Flooding often accompanies other kinds of natural disasters such as tornados and hurricanes. Changing weather patterns has lead to increases in the number and severity of floods. Places that would never have had flooding are finding that they are no longer safe. O’Donnell Agency LLC in New Jersey has been in business since 1888 and you can count on us to provide personalized service to all of our customers.
The simple answer to who should buy flood insurance is just about everyone. No place is safe from the potential of a flood. Even one inch of water in your home can cause more than $20,000 n damage and that is a lot of money to come up with on your own. Even if you live outside of the high-risk flood area, about 40% of claims through NFIP were from homes in lower-risk areas. Participating in this program provides peace of mind that no matter what you will be able to rebuild.
Flood insurance is sold by 60 national carriers. It is offered by the Federal Emergency Management Agency and managed by the National Flood Insurance Program. . You can choose any of the carriers and they will all charge the same amount for the policy so pick the one who you know provides good service. To purchase this insurance, however, you have to live in one of the 23,000 communities that participate in the National Flood Insurance Program. The insurance comes as two options, building and contents and you can buy one or both.
When you are ready to discuss flood insurance, O’Donnell Agency LLC in New Jersey has an experienced team who can answer any questions that you have and provide a no-obligation quote. We look forward to hearing from you.
Every driver goes through the process of buying auto insurance. At New Jersey’s O’Donnell Agency LLC, we don’t want you to wonder what all the options to add coverage mean since most states only require bodily injury and liability. The main policy components include comprehensive, collision, liability, and bodily injury to obtain full coverage.
The liability portion of your auto policy protects the other drivers, as does the bodily injury coverage. Each state requires those two types of coverage, so any accident you cause, you can pay for the damage caused by your negligence.
Of course, your vehicle and perhaps yourself incurred damage in the accident, too. The state minimums don’t cover that. Collision and comprehensive cover the damage you incur on your own vehicle, while personal injury protection covers your medical costs and that of any passengers. Collision covers just what it sounds like. If you collide with any vehicle, you use your collision insurance to repair your vehicle if you caused the accident or collided with a stationary object. Fences don’t typically carry insurance policies.
Comprehensive covers the damage of other types of accidents that have no other vehicle involved. Weather damages autos frequently. Hail, flood, fire, etc. all cause damage covered under comprehensive. When you hit a deer with the auto, the deer probably had no insurance. Your insurance covers the damage.
PIP pays your medical bills and those of your passengers. For any accident you caused, PIP pays the medical costs of those in your car. Auto insurance is simple. When they suggest collision and comprehensive, your agent wants to help you protect your vehicle and health.
Contact the O’Donnell Agency LLC, serving the state of New Jersey, to learn more about full coverage auto insurance. Let us help you protect your vehicle.
Having a small business takes a lot of time and energy. It causes a lot of stress, and you may feel overwhelmed when it comes to choosing commercial insurance. No two policies should be the same, your business is not exactly like anyone else’s, and your needs may differ. Knowing which components are right for you can save you money and make sure that you are protected. The O’Donnell Agency LLC in New Jersey is an independent agency that can offer reliable policies from the top carriers at prices that make sense for your business.
Most commercial insurance is optional, but in New Jersey, two types are required by law, workers’ compensation and commercial auto insurance.
New Jersey employers are required to carry workers’ compensation insurance for full and part-time employees. All that’s needed is one or more employees. This provides a worker who is injured on the job or while performing work duties medical coverage for injures and lost time and even death benefits.
Commercial Auto Insurance
If your business owns even one auto, you need to have commercial auto insurance. Keeping your vehicle separate from your business is always a good idea to avoid entanglement.
No business is safe from the danger of a suit being filed against you. Liability insurance helps to pay for expenses associated with legal action against you and will pay the judgment up to the limit of your policy. If someone is injured at your business location or by one of your products, they may decide to sue. Even if they don’t sue, you may be liable for medical expenses. This insurance offers valuable protection.
These are just three components of a commercial insurance policy. There may be others that would be a good fit for your business. Talking to an insurance agency like O’Donnell Agency LLC can answer any concerns that you have about coverage. Give our office a call or stop by for a free quote.
Owning a home is part of the American dream; don’t let it become your nightmare. Many things can happen to damage your home, and most of them are beyond your control. Nobody enjoys filing an insurance claim, but chances are pretty good at some point you will file a claim on your home insurance policy. Having an A+ carrier and an insurance agent who will be there for you through good times and bad makes facing the bad times easier. O’Donnell Agency LLC offers the residents of New Jersey top-notch carriers and their years of experience.
When you file a claim to be reimbursed for your personal property, a home inventory can make the process much more relaxed. It will provide the proof your carrier needs to move ahead on your claim. A home inventory is a list of all the items that you own. It should include the value of the items and any receipts that you may have. The more detailed the inventory, the better. You may do it with a pad and a pen, or you may use a camera or your cellphone to document everything.
A home inventory includes the content of your closets, drawers, cupboards, basement, garage, and attic. You will have the best outcome with your claim if you have documented as much as possible, including brand names, models, or serial numbers. Your inventory needs to be kept up to date as the items you possess changes. Your inventory can be helpful not only when filing a claim, but when deciding on a home policy. Please bring it with you when you talk to your agent.
O’Donnell Agency LLC is there to help the residents of New Jersey. The team members have years of experience helping customers to get the coverage that is right for them. Come in and talk to a member of our staff or give us a call for a no-obligation quote.