Business Insurance

General Liability Insurance is typically the first policy that business owners purchase, because it is often needed in order to sign client contracts and commercial leases. It is designed to protect you and your business from many of the risks involved in running a business. These include claims for bodily injury and property damage on your premises, injury or damage from faulty products, and negligent actions from contractors you hire.

When an employee is injured at work, workers’ compensation covers medical bills, ongoing care, recovery costs, and partial missed wages. In the unfortunate event of a death, workers’ compensation covers funeral costs and benefits for the worker’s family. Workers' compensation is required by law in most states, including NJ and PA.

A business owners policy (BOP) combines the property and liability protections most small businesses need into one convenient package, and the price is less than what you’d pay for the coverages separately. It is usually sold at a premium that is less than the total cost of the individual coverages.

An umbrella liability policy provides coverage over and above a business’s other liability coverages. It is designed to protect against unusually high losses. It provides protection when the policy limits of one of the underlying policies have been used up. For a typical business, the umbrella policy would provide protection beyond the general liability and auto liability policies.

Unfortunately, employee lawsuits have exploded over the last few years, with defense costs amounting to as much as $300,000 per case. Employment practices liability insurance (EPLI) was created to protect your business from these legal expenses, subject to the limits (maximum reimbursement) stated in your policy.

Cyber liability insurance protects against electronic theft, loss of data, disruption of your networks, loss of income due to suspension of your operations and damage to your reputation. Most cyber policies also cover customer notification of a data breach, anti-fraud protection and credit monitoring for customers, security incident investigations, cyber extortion and ransomware costs.

Builders Risk Insurance protects the insurable interest that midsized and large construction companies have in materials, fixtures and/or equipment during the construction or renovation of a building or structure. It is a vital coverage solution for any construction project.

Just as the name suggests, Errors and Omissions (E&O) Insurance covers your general contractor business against any mistakes (errors) or oversights (omissions). If your business is being accused of mistakes, negligence and/or failure to deliver services, E&O Insurance covers your lawyer fees, court costs and settlement fees in the event of an E&O lawsuit.