Business & Commercial Insurance
Business & Commercial Insurance Quote Forms
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Business & Commercial Insurance Information
Running a business requires you to wear many hats and take on several roles. One of these roles is to protect all your hard work from possible lawsuits and financial loss.
Johl & Company is an independent agency dedicated to helping business owners across New Jersey connect with a reliable and affordable business insurance policy tailored for their needs.
What Does Business Insurance Cover?
Business insurance covers a range of dangers across industries, each designed to protect against specific risks. Some of the most common and useful insurance policy offered through Johl & Company include:
Commercial Property Insurance
Property insurance policies cover the physical assets of your business, such as the location and its contents. A typical commercial property insurance policy covers against fire, wind, hail, lightning, smoke, theft and vandalism.
Other policies can be used to cover equipment breakdown and product loss.
Commercial Auto Insurance is a type of property insurance that covers vehicles used or owned by a business for work purposes. If your company uses vehicles for work, you will need commercial auto insurance to protect against accidents and other losses. A typical policy may include comprehensive coverage, collision coverage, liability, personal injury protection or uninsured/underinsured motorist coverage.
Liability Insurance
Liability insurance covers claims filed against your business. General liability covers bodily injury, property damage and personal or advertising injury. It can provide compensation for medical bills while also covering legal expenses in case your business is sued.
Additional liability coverages include:
- Professional liability
- Umbrella liability
- Cyber liability
- Product liability
Workers Compensation Insurance
Workers compensation provides coverage for workplace injuries. If an employee is injured on the job, this insurance can help cover medical bills, disability benefits, wage replacement and, in extreme cases, death benefits.
This insurance is required for most industries. In New Jersey, any business with one or more employees must offer workers compensation.
Insure Your Business Today
Protect your hard work and resources with a tailored business insurance policy through Johl & Company. Call us at (201) 664-2973 or fill out an online quote form to get started.
Common Business Insurance Questions
Business insurance works much like other insurance policies. You will generally pay a monthly premium in return for coverage. While the policy is active, you can file a claim and receive compensation for damages and lawsuits.
Small businesses can benefit from a variety of liability insurances depending on the industry and other factors. Most small businesses benefit from a business owners policy, which combines general liability and commercial property insurance.
Business insurance is necessary to protect your hard work. A single claim, especially in the beginning years of operation, can cause a heavy financial burden. Business insurance helps cover that burden.
Most businesses are required to carry workers compensation and, if applicable, commercial auto insurance. Other insurance options may not be required by law. But they could be necessary to obtain certain licenses.
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