Business Insurance in Hammonton, NJ
In a litigious society, every business owner should be aware of the risks everyday operations could pose to their company. Incidents and accidents can quickly become costly losses with the potential to bankrupt businesses. Fortunately, numerous types of business insurance can help provide financial protection from these events.
Contact M.L. Ruberton Agency in Hammonton, New Jersey, to learn more about our business insurance coverage and to speak to an insurance agent.
How Does Business Insurance Work?
Business insurance refers to a broad range of insurance policies designed for businesses rather than individuals. It is a legally binding contract between a business and their insurance company, in which the insurer agrees to help pay for covered losses in accordance with policy terms and limits. Many business owners look to their insurance to help protect them from legal liability, property damage costs, employee-related claims and more.
What Business Insurance Do I Need?
There are many types of business insurance to choose from. A business’s coverage needs are unique and may vary depending on the work the business performs.
Here are some examples of common business insurance coverages:
- Employment practices liability insurance
- Professional liability insurance
- General liability insurance
- Business income insurance
- Commercial auto insurance
- Workers’ compensation insurance
- Commercial property insurance
- Data breach insurance
Is Business Insurance Required?
Although state requirements vary, some form of workers’ compensation insurance is often required for businesses with employees. Commercial auto insurance and professional liability insurance may also be required of certain businesses.
We’re here to help you understand your insurance needs. Call M.L. Ruberton Agency for more information.
How Often Do You Pay Business Insurance?
A monthly premium payment is common, but this may vary among insurance companies. Some insurers may also offer discounts if you choose to pay your premium annually instead of monthly. Contact M.L. Ruberton Agency for more information on how you can find potential discounts.
How Do I Get Business Insurance?
At M.L. Ruberton Agency, we understand the importance of protecting your business from financial hardship. Contact us today for a business insurance quote and to speak to an insurance agent.