Every business owner should take the time to consider essential insurance policies that can save them in case of a disaster here in the Medford, NJ, or Tri-State areas. Different forms of insurance are available depending on the type of business, and each offers different types of protection.
Here are some essential insurance policies at Rock Insurance Services every business owner should consider:
1. General Liability Insurance
This type of policy is necessary for any business, as it covers bodily injury, property damage, libel or slander, and other legal issues related to your business operations. This insurance will protect you from claims or lawsuits resulting from clients’ injuries or damages caused by your services.
2. Property Insurance
Property insurance covers damages to your commercial property caused by weather, theft, fire, and other disasters. It may cover the cost of replacing valuable items such as computers and furniture if they become damaged due to an event covered by your policy.
3. Business Interruption Insurance
If your business experiences a prolonged shutdown due to unforeseen circumstances such as natural disasters or pandemics, this coverage will help to offset some of the lost income during that period of time. It can also help to cover certain expenses related to continuing operations while closed down, such as payroll costs and loan payments.
4. Workers’ Compensation Insurance
This is important for businesses with employees as it covers medical costs associated with workplace injuries along with wages lost due to an employee’s inability to work due to their injury/illness sustained at work.
Reach Out To Us
For more information, give us at Rock Insurance Services a call today. We are proud to serve the Medford, NJ and Tri-State areas and would be happy to help you.