As a small business owner, you’re bound to face business risks that can jeopardize the success of your business. Commercial business insurance from E.S.T.I.R. Inc. offers a practical and effective means of protecting your Newark, NJ enterprise against the threat of theft, vandalism or natural disasters. Here are a few ways commercial insurance can protect your interests.
Protection of Business Property
Commercial property coverage is designed to protect your business property, ranging from your building to office furniture, equipment, and products you manufacture or sell. If disaster strikes, damaging your building, equipment or goods, your insurance will pay for replacement or repairs according to the coverage in your policy.
General Liability/Worker’s Comp
If a customer should have an accident while visiting your company, you could face the threat of a lawsuit for personal injury or property damage. General liability insurance not only covers injury and property damage claims resulting from accidents on your property but will pay for legal expenses in the event of a lawsuit to protect your interests.
Worker’s comp coverage covers injuries of employees in the event of an accident on the job. By protecting the interests of your workers, you can minimize the threat of lawsuits.
If your business suffers serious damages due to a disaster and you are forced to close temporarily for repairs, business interruption insurance can save you from financial loss by covering loss of income during this interim period. Business interruption also covers employee wages, loan payments, taxes and the cost of renting your building which still needs to be paid even though it’s under repair. This financial assistance can be instrumental in keeping your business going through a crisis.
To learn more about the benefits of commercial insurance coverage for your small business, contact E.S.T.I.R. Inc., Newark, NJ.