What You Need to Know About Small Business Insurance

The two most basic types of small business insurance you will need as a business owner include liability and workers’ compensation. However, few small businesses in Neptune, NJ can get away with simple liability and workers’ compensation policies alone. There are a number of other types of insurance that small business owners in New Jersey need, depending on the type of business and the nature of the goods and services provided.

General liability protection protects you from costly lawsuits related to broad personal or property damage that has been incurred directly from your products and services. At the very least, you will need general liability protection to cover you in case a client or visitor to your business experiences some injury or mishap. Most small business insurance providers in Neptune NJ offer general liability. However, most small businesses in NJ will need more than just general liability insurance and will need extended coverage that is offered by specialists like Dirus. Professional liability is one of the most popular types of insurance for service-oriented businesses who need extended protection.

Most small business owners need standard insurance coverage to protect themselves from property damage or loss, including data loss. If your business also has a fleet of its own automobiles for transporting personnel, clients, or products, then you will also need a company-specific auto insurance policy to protect you from liability for accidents involving the vehicles. You can receive small business automobile insurance through Dirus, too.

Workers’ compensation insurance is critical for small businesses in Neptune, NJ. When accidents happen on company premises or while workers remain on company time off-premises, workers’ compensation protects both you and the employee(s) involved. Most workers’ compensation packages available from providers like Dirus are fault-free, offering peace of mind to you and your employees.

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