How commercial insurance can save my small business

As a small business owner in New Jersey, you are already well aware of all the work it requires to be successful. Even the most conscientious owner can’t anticipate all the things that can happen that endanger the health of your business. That is where commercial insurance becomes an integral part of your small business plan. It offers you the safety net you need to concentrate on the things you have control over and not stress about those you can’t control. At Modern Benefits LLC, we work with our customers to create a commercial insurance policy that gives you just the insurance you need. 

Commercial insurance is not just one policy. It is several policies that are bundled together to fit your needs. Every small business has different vulnerabilities, and covering those are what is important to you. 

Property insurance

Whether you are the building owner or a renter, you need to carry property insurance. If you rent, the landlord will be responsible for the physical structure, but there is so much more to your business than the building and where it is located. You have inventory, raw materials, machinery, office equipment, and more. If they are lost to a covered hazard, you need to be able to get up and running in a reasonable amount of time. 

Commercial auto insurance

If your company has even one vehicle that is used for business, you should have a commercial auto insurance policy. Keeping your personal vehicle separate from your business is a smart financial idea. 

Commercial liability insurance

So many things can happen that result in legal action against you, your business, and your products. A judgment against you can devastate your business, and you may not be able to survive the financial hit 

You may need other types of commercial insurance, depending on your business. In New Jersey,  Modern Benefits LLC has a team of experts who will help you put together the perfect package. Give us a call or stop by for a no-obligation quote. 

Is Home Insurance Required By Law?

Home insurance is one of the most important tools available to help prevent homeowners from incurring losses over time from a variety of hazards. However, many may wonder if having home insurance is required by law. The best way to find out what the actual requirements are for a particular situation is to work with an insurance agent.

Home Insurance Questions

Home insurance can be complicated, and knowing the ins and outs of the insurance world is the key to getting the protection necessary. Most potential homeowners wonder if the law requires them to have home coverage, but local and federal laws don’t require insurance protection. However, most lenders will require the home buyer to purchase reputable insurance before they provide the funds to make the purchase.

Working With an Insurance Provider

A reputable insurance provider will have products a homeowner can rely on in case there is a covered event. The best way to find reliable coverage is to work with an agency with experienced agents able to work closely with customers to access their needs and help them get the coverage they need to prevent gaps and losses. Those who are currently searching for home insurance coverage in the New Jersey area can count on Modern Benefits LLC to steer them in the right direction. 

Don’t take chances while choosing home insurance coverage. Get answers to questions and personalized service if you live in or near New Jersey, contact Modern Benefits LLC and get the coverage you can rely on now and in the future. Call or stop by the office today to schedule a consultation.