Category: Commercial Insurance

Commercial insurance in Medford, NJ is most commonly for losses because of unexpected incidents like fires or thefts. Your building and property are protected from damages because of accidents or crimes. 

There are other kinds of losses your business could suffer because of bad weather. At Rock Insurance Services, we help small businesses in the Tri-State area make sure they have the coverage they need so they can move on after unfortunate events. 

When Your Business Is Closed Through No Fault Of Your Own

Sometimes there are events, like big storms, that cause businesses to shut down until necessary repairs are made. While you are waiting, you still have to pay the same bills. Your bank still wants your mortgage payment, your employees need to be paid, and you need to keep paying your other day-to-day bills. Unfortunately, you aren’t making money while your business is closed.

Business Interruption Insurance

If you have a business interruption policy, you can make a claim on the income you aren’t receiving. If not already included in your Business Owner Policy (BOP) you can purchase protection separately.

Even if you have business interruption insurance, you can still run into problems while you are waiting to reopen. Talk to your insurance agent about the steps you need to take for your insurance claim and make a plan for your business so that nothing is neglected while you wait.

We Are Here To Help

If you have a small business in the Tri-State area, you should check your policies to make sure you are comfortable with your level of coverage. Rock Insurance Services can help you personalize your insurance package so your Medford, NJ has the protection it needs. Call today so we can give you your options. 

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.

Being a business owner is a dream for many people in the Tri-State area. When you are looking to build a business, the greater Medford, NJ area can be a great place to begin. If you are looking to start a business here, you should make sure that you are properly insured.

A business here will need to have a commercial plan for various reasons:

Comply with Requirements

A reason that you will need to have a commercial plan in this part of the Tri-State area is so you can comply with requirements. There are a lot of situations when a business could be required to have coverage. If you have taken out a loan or raised money from investors, you will undoubtedly be required to carry coverage. When you get the right insurance, it can help you stay in good standing. This can help you avoid penalization and reputational damage. 

Protect The Financial Viability of Business

It is also a good idea to get a commercial plan as it can help protect the financial viability of your business. When you have this insurance, it will offer various forms of financial protection. This includes the support you need to offset liability claims and ensure your core assets are protected. This will help ensure you have protection during some otherwise difficult situations. 

Rock Insurance Services Is Here To Help!

As you are looking to get into a new commercial insurance plan for your Medford, NJ area business, it will be important that you discuss your needs with someone that you can trust. Our team with Rock Insurance Services knows the value of this coverage and can help you evaluate all of your needs and options. This will give you the support you need to build a plan that is right for your business. 

Owning a business can at times be a stressful experience. This is especially true when you’re not carrying commercial insurance for your business in the Tri-State area. If you’re looking for commercial insurance coverage for your company, we can help you at Rock Insurance Services in Medford, NJ.

The following are three things you’ll like about carrying commercial insurance for your business:

Commercial insurance coverage can give your employees more financial security.

Your employees will really appreciate it if you carry workers’ compensation insurance as part of your commercial insurance policy. This type of insurance will protect your employees financially if they end up getting injured on the job and cannot return to work as a result. 

Workers’ compensation coverage doesn’t just benefit your workers but also keeps you compliant with state law. In New Jersey, workers’ compensation insurance is required for all employers that are not either covered by Federal programs or approved to self-insure their company. 

Commercial insurance coverage can minimize the damage caused by a burglary at your facility. 

A burglary can be very costly for a business. Commercial insurance policies will often provide coverage for financial losses resulting from a burglary. 

Commercial insurance coverage keeps your company out of all kinds of trouble.

Without commercial insurance, your company could end up in financial trouble due to a lawsuit. Your company can also end up in legal trouble if you don’t carry any commercial auto or professional liability insurance that is required. 

Call us at Rock Insurance Services to discuss more of the great aspects of having commercial insurance in the Tri-State. Rock Insurance Services can offer commercial insurance policy quotes to business owners in Medford, NJ. Contact us to learn more. 

Workers’ compensation insurance is something that all businesses should have. This vital coverage is included under the umbrella of commercial insurance. It provides coverage for employees who are injured or become ill as a result of their job. It can also keep your business afloat if you are sued for damages.

However, there are a few things that you should know before you purchase workers’ compensation insurance. Rock Insurance Services in Medford, NJ serving the Tri-State area business is here to provide a guide. 

Even Small Businesses Need Workers’ Compensation Insurance

Some business owners think that they don’t need workers’ comp because they have a few staff or because their employees are not in danger of being injured on the job. However, any business can be sued for damages if an employee is injured or becomes ill as a result of their job.

Workers’ Compensation Insurance Is Required by Law

In most states, businesses are required to have workers’ compensation insurance if they have employees. This includes full-time, part-time, and seasonal employees. The only exception is if the business is owned by a sole proprietor with no employees. In this case, the owner can opt out of workers’ compensation insurance.

You May Need More Than the Minimum Coverage

Sometimes, the minimum amount of coverage required by law may not be enough to protect your business. So, it’s essential to speak with an insurance agent to determine how much coverage you need. This will depend on factors such as the size of your business, the type of work your employees do, and the amount of risk involved.

Workers’ Compensation Insurance Protects Both Employees and Employers

Workers’ compensation insurance is a win-win for both employees and employers. Employees are protected if they are injured on the job, while employers are protected from being sued for damages.

So, if you have employees, it’s essential to make sure that you have workers’ compensation insurance. It could save you a lot of money and headaches in the long run.

Are You Ready to Protect Your Business?

Now that you know a little bit more about workers’ compensation insurance, it’s time to get started on finding the right policy for your business. Remember to keep the above things in mind when shopping around.

Get Coverage For Your Business Today

If you need help finding the right workers’ compensation insurance for your Tri-State area business, contact us at Rock Insurance Services in Medford, NJ today. We’ve got a team of experts ready to answer any questions and help you find the perfect policy for your needs.

Give us a call or fill out our online quote form to get started. We look forward to helping you protect your business!