Why Contractors Need Contractor Insurance

In today’s global economy many businesses are turning to the large workforce of independent contractors to help reach their business goals while not adding full-time employees. Typically when one thinks of coverage for contractors one thinks of construction and physical projects; however, making sure your contractors are covered with adequate insurance is just as important when you are hiring contractors for other services such as IT and consulting. If you are a business in the Newark, NJ, area and are wondering if your contractors are carrying adequate insurance, please reach out to an agent at E.S.T.I.R. Inc. who can answer all of your questions.  

It is essential to make sure your contractors have a general liability policy that will cover damages the contractor causes to a third party. In addition, a liability policy can also provide coverage for property damage caused by the contractor.

Another vital coverage to require when contracting with an independent contractor is professional liability coverage also known errors and omission coverage. An E&O policy helps cover costs associated with a financial a loss as a result of an error or omission by the contractor. If you are hiring contractors for a specific task such as cybersecurity, you will want to make sure the contractor has special coverage for cybersecurity work.

If you are hiring a contractor who uses their vehicle to conduct the services they are providing, it is essential that they carry business vehicle insurance.

Often contractors will carry a Business Owner Policy that bundles all of the significant coverages into one policy.

Depending on the nature of your business and the type of contractors you are hiring, you should require specific insurance that best protects your business. If you have a business and you are unsure if you are requiring appropriate insurance from your contractors, please reach out to a specialist at E.S.T.I.R. Inc. We proudly serve the Newark, NJ area.


How Auto Insurance in New Jersey is Different From Other States

All states have their own laws regarding auto insurance, but New Jersey is among the few that can be considered truly unique. If you live in Newark, NJ or surrounding areas, you need to make sure you are appropriately covered. E.S.T.I.R. Inc. is therefore here to help you gain a better understanding of New Jersey’s tricky auto insurance laws. Here’s what you need to know:

New Jersey is a ‘Choice No Fault’ State

Whereas most states have "fault" laws where whoever is deemed liable for an accident has to pay for the damages and legal costs, a handful of others states have "no-fault" laws, where all drivers involved have to handle the costs. Then there are the rare few states like New Jersey, which have something called "choice no-fault" laws. Here you have the option of going with fault or no-fault insurance, also known as "full tort" or "limited tort insurance". With full tort, drivers can file suit against the at-fault driver and their insurance company, receiving full compensation for damages to their car, medical coverage, legal costs, etc. Essentially, there are far fewer limitations here. Limited tort insurance is meanwhile appealing to a lot of people because it is generally a lot less expensive, but with this policy they have very benefits. In the event of an accident, they file a claim with their own insurance provider (regardless of who was at fault) and may receive only bare minimum coverage.  

Deciding Which Option is Best for You

Now, there are pros and cons to each option, and the right one for you will often depend on your amount of risk and financial worth. The important thing to know, however, is that the decision to go with either limited tort or full tort insurance must be made at the time that coverage is purchased (it cannot be changed after an accident). To learn more, contact E.S.T.I.R. Inc. (serving the Newark, NJ area and beyond) today. 

Getting the Right Commercial Insurance Policy is Vital for Your Business

Businesses have different insurance needs than consumers, and when it comes to getting the right policy for your business you want to be sure you have what you actually need. With that in mind, E.S.T.I.R. Inc. can help with your Newark,  NJ business insurance needs. Whether you have a small, home-based business or a large industrial operation, or anything and everything in between, the right policy is critical. You have to protect your customers, but you also have to protect yourself and your employees and business, as well.

There are a number of great ways to increase the level of protection you give to everyone involved with your company, but one of those ways is to have a commercial insurance policy you know is right for your needs. Every business is different, and what needs to be covered in an office setting is far different than the kind of coverage needed in a factory. The number of employees, type of business, location, and whether customers are going to be on-site all matter. The right agent will ask questions, listen to your concerns, and ensure that they are advising you about the best policy for your needs.

Reaching out to E.S.T.I.R. Inc. in Newark, NJ is a great way to get the commercial insurance policy you need. Then you’ll have the coverage you want, and the peace of mind you need, to keep your business protected now and in the future. You’ll also have an agent you can work with, and one that can answer your questions and make changes to your policy anytime you need it. That will help protect your investment in the business, and also reduce your liability when it comes to injuries and other risks a business takes during normal operation.

Homeowner 101 Knowledge About Contractor Insurance

If you’ve had your home in Newark, NJ for a while, you’re likely going to face the reality that a live-in structure will eventually need repair. Or you may have decided it was time for some renovations. Either way, the home needs some help, and a lot of what is involved requires specific skill and expertise to solve. That then means hiring a contractor to come in an do the work. However, before you trigger that latest task app on your phone or call a contractor in the yellow pages, you need to be aware of what contractors insurance means for you, the customer.

Contractors are generally required by law to be licensed and bonded. This means they go through basic skill and knowledge testing, secure a license with the state or local government in Newark, NJ to identify them as a business and individual, and they take out insurance to cover their work. The last part is the critical one because there have been enough cases where a "contractor" takes people’s money for a job and then never completes it, leaving damage and more costs to repair. A bond, essentially an insurance policy, is the homeowner’s protection to seek recovery when a contractor doesn’t follow through on the work promised and paid for or causes even more damage than repair.

Because contractor bonding laws and insurance tend to be a bit archaic, just trying to look up the information on the Internet can be confusing. Instead, working with the staff at E.S.T.I.R. Inc. you can get straight answers about how contractors insurance works as well as your own homeowner’s insurance if needed. Then you can start your project with some peace of mind. Give E.S.T.I.R. Inc. a call today to find out more.

Why Might Home Insurance Rates Increase?

Owning a home is a good long-term financial decision.  While it can be a good idea to own your own property, it is also a very expensive asset that needs to be protected by home insurance.  When you have a home insurance policy in place when you buy your home, you may notice that your rates increase over time.  There are several reasons why Newark, NJ homeowners may see their home insurance rates increase.  

Claims Filed

One of the main reasons why your insurance rates will increase from one year to the next is that you could have filed a claim in the prior year.  Whenever you file a claim on your home insurance policy it will make you appear like a riskier customer going forward.  The home insurance provider will then increase your rates to compensate for that rate increase.  

Aging Home

Another reason why your rates will increase is that your home is getting older.  Older homes tend to provide more risk to insurance companies.  As your home gets older, the likelihood that you will file a claim will increase.  Because of this, the insurance company will increase rates to compensate.

Change to Environment

Home insurance companies are frequently analyzing changes in weather trends, floods, crime, and other expense hazards.  If your home is suddenly considered to be located in an area that poses more risk than before, the insurance company will likely increase your home insurance rates to offset the increased risk.  

For those that are in the Newark, NJ area and are seeing an increase in home insurance rates, contacting the E.S.T.I.R. Inc. could be a great option. E.S.T.I.R. Inc. will be able to help you build a great policy that meets your needs and also comes with a fair rate.  

Why You Should Make Sure Contractors Have Contractors Insurance When Hiring One

Prior to hiring a contractor, it is important that you make sure that a contractor has contractors insurance. If they do not have this type of insurance and they make a mistake or injure themselves on your property, it could be detrimental to you. At E.S.T.I.R. Inc., serving the greater Newark, NJ area, we want you to understand why this type of insurance is so important. Here is what you need to know about contractors insurance. 

What Contractors Insurance Is

Contractors insurance is primarily designed to help cover the work a contractor does on your home or property. If the contract makes a mistake and it damages your home, or if the work needs to be repaired due to faults, the insurance covers the damage and repairs that are needed. In addition to this, contractors insurance also covers the contractor in case they are injured while on your property. 

The Importance of Ensuring Contractors You Hire Have Contractors Insurance

If a contractor doesn’t have contractors insurance, they can come after your homeowner’s insurance if they are injured on your property. Additionally, you may have to pay out of pocket if they damage your home and do not have the right type of insurance to cover it. As such, it is important to ensure they always have contractors insurance before hiring them to complete any work. 

Contractors insurance is important to both the contractor and the homeowner utilizing the services of the contractor. If you are a contractor without contractors insurance, homeowners may be wary about hiring you. Contact E.S.T.I.R. Inc., serving the greater Newark, NJ area today to learn more about obtaining this type of insurance policy. 

3 Questions You Should Ask About Auto Insurance

The idea of not buying a policy to secure your car can be tempting. No doubt car insurance policies are usually expensive however no car cover is a very bad idea. For starters, it is worthy of note that all fifty states in the country, including Newark, NJ, are against driving an uninsured car. In addition, if you have an accident and you are wrong, you could be sued for everything you own. Instead of going undercover, there are a couple of questions about auto insurance you should discuss with your agents at E.S.T.I.R. Inc. to help you choose the best possible policy.

What is full coverage?

There is no "total coverage". If your insurance company sells all the protective measures they had in their arsenal, there would always be things that would not have been covered. An example is the use of vehicles for illegal activities. Avoiding police, smuggling drugs or other illegal substances or people and intentional criminal offense are a good example of things you would never cover if your vehicle was damaged or destroyed.

What is the level of risk?

Car insurance risk assessment is based on a number of factors, such as age, sex, occupation, place of residence and driving time. Prices for new drivers are likely to be high, and persons with criminal records will also be labeled as higher risk. The higher the risk, the higher your premium will be.

What are my payment options?

Auto insurance is an excellent financial obligation so it is necessary to determine how to pay for it. Most insurance companies offer the possibility of paying an annual lump sum or paying half an annual amount every six months. The most frequent payment frequency is monthly, as it tries to make the budget more realistic, but in the long run, it can increase your annual costs. However, if you can afford an annual fee, it usually means you are entitled to a discount so if you can pay an invoice instantly, it’s advisable to do so.

Before you can hit the road, car insurance is the most important thing on your list of obligations! But the demand for car insurance can be a complex problem if you have not done it before and you do not know what to look for.

For more information about finding the right coverage in Newark, NJ contact E.S.T.I.R. Inc.


Rising Legal Costs Kills Small Businesses Prematurely

Guess what the number one killer of small businesses in Newark, NJ tends to be in the first year? It’s not competition or licensing. It’s not physical location start up costs or business licenses. And it’s not the cost of labor, even though employees can be expensive.

Give up?

It’s litigation. When the cost of an attorney runs well over $300/hour and a full case cost just to get to court day for the actual trial can exceed $500,000 it’s no surprise many small businesses just don’t have the assets or liquid cash to take on such a challenge. Add in the fact that many small businesses are not separate entities and instead are sole proprietorships or partnerships, then bankruptcy is obviously the only path of quick resolution and limitation of costs getting out of control.

And it doesn’t take much for a business to trigger a lawsuit either. From what E.S.T.I.R. Inc. staff have seen, the typical claim can come from anything ranging from a contract dispute to the physical store address not being designed properly for consumers with disabilities to pass freely. Right or wrong, legal interactions are painfully expensive and even just settling them quickly can cost in the thousands of dollars, both in terms of payouts as well as paying for the business’ own representation.

However, running the gauntlet on a legal baccarat table doesn’t have to be your choice starting a business. It’s ludicrous to spend all that energy, money and time trying to make a new company thrive only to see it all taken away in one legal filing. That’s where commercial insurance comes in as a critical safety net protection. E.S.T.I.R. Inc. can provide your business the critical understanding it needs to choose the right policy for operations. And their expert staff can help Newark, NJ businesses of all types, regardless of industry.

Distracted Driving Statisticsyou could

E.S.T.I.R. Inc., serving Newark, NJ and the surrounding area, offers various commercial, home and auto insurance policies. Unfortunately, we see firsthand the devastation distracted driving has on people’s lives. And shockingly, people just don’t seem to learn the dangers of taking your mind off of driving for even a few seconds, as indicated by the high number of distracted driving instances. 

About Distracted Driving

Distracted driving includes any activity that takes your mind off of driving such as texting, talking on the phone, drinking, eating, talking to your passengers or using your entertainment system, among other activities. Texting is considered the most concerning distraction. A text may only take five seconds to send, but in that small window of time, it’s possible to cause a collision. Let’s say you were traveling 55 miles per hour while texting. In that five seconds it took to send a text, you could have driven the length of an entire football field, making texting while driving equivalent to driving this entire distance with your eyes closed. What’s even more shocking is that approximately 660,000 people are using cell phones while driving. 


According to the National Highway Traffic Safety Administration (NHTSA), distracted driving claimed 3,477 lives while 391,000 were injured in 2015 alone. The NHTSA deemed distracted driving as a huge concern, especially for teenagers who are already at a disadvantage because they’re inexperienced drivers. In fact, drivers who are under the age of 20 are the ones involved in the highest percentage of distracted driver fatal crashes. In the United States alone, about nine people are killed and 1,000 injured in accidents involving a distracted driver, as noted by the Centers for Disease Control and Prevention. 

We advise always keeping your eyes, mind, and hands on driving. And another important safe driving tip is to always have auto insurance. Contact E.S.T.I.R. Inc., serving Newark, NJ and the surrounding area, by calling 973-481-5300 to get a quote.

Workers’ Compensation Coverage in Newark, NJ

Accidents are a facet of daily life. They can happen anywhere, including the workplace. Sometimes, employees get injured as a result of these accidents. Who is to blame for the injury? If the injury is work-related the employer will most likely be at fault. And paying workers’ compensation can be expensive for a company. That’s why holding workers’ compensation insurance is a necessity for employers. With workers’ compensation insurance, the employee will be compensated no matter who was at fault.


In fact, it’s mandatory in New Jersey for employers to hold commercial workers’ compensation insurance. This mandate protects the employer and the employee. The employer is protected because they won’t have to pay medical and other benefits out-of-pocket. The employee is protected because they don’t have to go through a lengthy court proceeding. The employee will be compensated in a timely manner.

Employees or other individuals are encouraged to report employers that don’t hold workers’ compensation insurance. It’s illegal in New Jersey for a business, with employees, to operate without this coverage. A concerned party may contact the Office of Special Compensation Funds for more information.

An injured employee should report their accident as soon as possible. After an injury is reported, the employer should advise their insurance provider immediately. The insurance provider will determine if the injury is compensable. If so, the insurance provider will begin coordinating the compensation.

Contact Us

We at E.S.T.I.R. Inc. are happy to have been serving the greater Newark, NJ area for 23 years. Our agents offer workers’ compensation insurance and can answer any questions you may have. We have two offices located conveniently located in Newark, NJ and Princeton, NJ. Contacted E.S.T.I.R. Inc. today to learn more about how we can assist in protecting your business.