One of the most appreciated and noble professions is that of a contractor. A contractor has the flexibility to take on a variety of projects within the home and work when it is best suited for the client and the contractor. Most of the clients that build the contractor’s business is by the reputation of the contractor. If you are a licensed contractor in the Newark, NJ area, a contractor insurance policy from E.S.T.I.R. Inc. will help you maintain your business reputation.
Put the "Liability" in "Reliability"
When seeking out a contractor, most clients equate reliability with work quality. A reliable contractor ensures their business by protecting both their clients and themselves with liability coverage. This coverage protects any damages that may happen on site, as well as prevent any extensive lawsuits from clients. Bodily injury and property damage are both subject to liable damages for contractors who are working in or around an area with access by homeowners or public. Any damages that require compensation or medical bills are covered under this portion of the policy.
Insure the Structure
It is essential for contractors to insure their projects as well as any structures that may have been damaged while working. Protect yourself and employees from the unforeseen damage that can come from working around a critical structure. Damages to unknown pipes or damages to the interior structure are covered under these policies.
Protect Your Reputation Today
Contractor insurance promotes responsibility and security. Contractors that are insured is in high demand for clients in or around the Newark, NJ area. Knowing you are insured will enhance and maintain your business reputation with clients and potential clients. Let an agent as E.S.T.I.R. Inc. assist you with a contract insurance policy and protect your business reputation today.
Having adequate commercial insurance can protect you from all sorts of dangers that result in financial chaos and potentially close the company. One of the things that commercial insurance covers is company inventory. If your inventory increases during the policy effective period, do you need to increase coverage?
Increasing Your Coverage
All businesses usually experience fluctuations in the inventory of the business from time to time. If that inventory substantially increases for the long term, you may want to consider consulting your insurance professional to help you revise your coverage or purchase additional insurance coverage to make sure there is no gaps and potential for losses. You can even purchase umbrella insurance if the increase in inventory is beyond the ability of your insurance to cover until you can find other insurance that is able to cover you adequately.
You always want to make sure you are working with a knowledgeable insurance agent so you can have an expert with you to help you discover the right products for your current needs. If you have a business in or around the Newark NJ area, you should consult with E.S.T.I.R. Inc. for options and information that can help protect you at all times from the possibility of loss from a multitude of dangers and events.
If you experienced and inventory increase, consult with E.S.T.I.R. Inc. before making any decisions so you can have a professional agent review you needs and recommend appropriate action. They proudly serve the businesses and residents of the Newark, NJ area and look forward to speaking with you. Call or stop by the office for more details.
As a contractor, it is important to keep your business, employees, and clients protected. This can be done with the right contract insurance in Newark, NJ. However, all contract insurance policies are not the same. For this reason, if you are looking for a new contractor insurance policy for your business, here are three tips to help you get the most for your money with the best possible coverage: compare quotes, bundle policies, and work with a reputable insurance agent serving the Newark, NJ area.
1. Compare Quotes
When shopping for contractor insurance it is important to compare various quotes in detail. All policies are not the same. They typically differ in price and what is covered. For this reason, it’s important to use a trusted insurance agent to help guide you through this process and point out the finer details that you may miss.
2. Bundle Insurance Policies
When you have more than one insurance policy, it’s a good idea to bundle them together under one insurance company. This will save you money on your premiums. You can bundle auto, home, recreational, commercial and other insurance polices together to save you money. Again, use a reputable insurance agent to guide you through this process to save you as much money as possible.
3. Work with a Reputable Agent
You want the best contractor insurance for your needs in Newark, NJ. At E.S.T.I.R. Inc. our reputable agents will guide you every step of the way when purchasing contractor insurance for your business. When you contact us, we will answer all your questions and help you find the best policy for the price you want. Contact E.S.T.I.R. Inc. today and our friendly agents will take the time to explore and find the policy you need.
At E.S.T.I.R. Inc. we want your business to be fully protected so you can have the best chance at success no matter what the world might throw at you. This is why understanding exactly what your business’ insurance needs are is vital. We serve Newark, NJ and businesses in the surrounding areas.
Should You Upgrade Your New Jersey Business Insurance to Commercial Insurance?
According to the State of New Jersey, all business’ no matter the size must have basic liability insurance to protect themselves. If you have a product, then you need a minimum of a product liability insurance policy, and if you provide a service you need professional liability at a minimum. The point where you need to upgrade to commercial insurance is a blurry line in some cases, however, it is good to keep in mind that the more full your coverage is, the safer your business is in any case.
Commercial insurance is needed if you have company vehicles or machinery that you are liable for. Keep in mind that you have liability to the employees operating the vehicles and machinery as well. A lot can go wrong, and when it does it will fall on your shoulders as the business owner, no matter the size of your company. Getting the best commercial insurance for your company means that you can enjoy the perks of being boss with a better night’s sleep at the end of each day because you know you, your property, and your employees are safely covered in an emergency.
Contact us at E.S.T.I.R. Inc. to discuss your commercial insurance needs. We serve Newark, NJ with quality insurance and all the information you need to keep your life protected with the exact coverage you need. Call today.
As the weather cools down, in many areas ice and snow become part of the landscape. That means some key safety tips need to be implemented. Here are key safety reminders from E.S.T.I.R. Inc. serving the Newark, NJ area.
Tires should be at the proper inflation level for winter driving. Ask the mechanic to check and inflate them. Recheck them periodically as needed. If needed, replace tires, and preferably do so before the wintry weather season begins.
No matter how far or near you are driving, be sure that you and everyone in the vehicle is properly secured with seatbelts. Also, assure that babies and children are in properly installed age-appropriate car seats and booster seats.
Leave plenty of space between your vehicle and other vehicles when the roads are slippery or have snow or ice on them. Gradually brake rather than coming to sudden stops. All of this becomes even more relevant when there is a heavy snowstorm or an ice storm.
It is always important to be alert while driving but even more so during wintry weather. So do not drive unless you have had adequate sleep and rest. Pay full attention while driving.
Gear and tools
Make sure to have certain key items on hand in the car. That includes an ice scraper and brush to remove snow from the windshield and other parts of the car. Also have a fully charged phone plus emergency blankets, water and food.
It is definitely possible to drive during cold weather and wintry precipitation while staying safe. Follow the above tips and see that it is true. If you need more information about auto insurance, feel free to contact E.S.T.I.R. Inc. serving the Newark, NJ area.
No matter if you are a contractor that mostly works on residential repairs in the Newark, NJ area or one that installs pipes for high-rise buildings, you need to carry the right insurance from E.S.T.I.R. Inc. for every single job. Skipping this simple step can open your business up to huge liability payments and turn aside potential employees from a ragged reputation.
When the Client Trips on the Job Site
Even if you have a closed job site, at some point the client will want to visit and check on the progress. All it takes to take a huge chunk out of your bank account is a simple misstep off scaffolding, trip over a wire, or walking under the trash chute. You need to make sure your contractors’ liability insurance is up to snuff in covering the worst possible scenario.
When Your Sub Snips the Wrong Wire
The stakes are high when you are building a new multi-use complex, especially in a busy urban neighborhood. You will have multiple sub-contractors on site at any one time, and somebody is going to make a mistake. That workman’s compensation coverage added to your liability coverage will make sure that inconveniences and injuries are addressed quickly and appropriately and keep the job on schedule.
When Your Van is in an Accident
Don’t forget that your fleet of vans and trucks will need commercial coverage. In worksites that haven’t worked out a proper road system yet, there is a greater chance of hitting a giant pothole, slamming into a new curb, or simply bumping into another construction vehicle. E.S.T.I.R. Inc. is here to help you sort through the mire of potential risks and challenges you face in the Newark, NJ area and provide the contractors’ insurance you really do need.
If you already own any type of business and you’re asking yourself this question, the answer is yesterday. If your business is not yet started but is in the works, now is a perfect time to talk to an insurance agent at E.S.T.I.R. Inc. to discuss your options.
The best time to purchase commercial insurance is in the planning stage of your business. This way you have time to work with your insurance agent to build the perfect policy for your needs. By talking about the vision for your business with your insurance agent, you can work with them to create your customized plan. When you talk to your agent as you’re planning your business and your insurance plan, you can discuss the types of coverage you’ll need such as property, liability, business interruption coverage, and more.
Just as important as buying your initial commercial insurance policy is updating your policy as your business grows and your needs change. For example, if you move from a home business to a brick and mortar office space, it’s definitely time to revisit your policy. This is especially important if you were initially insuring your business through your homeowner’s policy instead of through a commercial insurance policy. If you wait to make changes or buy new insurance, you could be left with gaps and devastating losses in the event of an incident at your business.
It doesn’t matter how big or small your business is, if it’s not already insured, it needs to be right away. If your business is located in or near Newark, NJ, contact an agent at E.S.T.I.R. Inc. right away to discuss your commercial insurance options. We’ll work with you to create the perfect policy for your business.
Are you a contractor with a growing business? Or have you been established for many years, yet are still not sure if all of your insurance needs are met? At E.S.T.I.R. Inc. we want the community business owners to be fully protected in case of any event. Here are some commonly asks questions about contractor’s insurance in Newark, NJ.
- Is it a legal requirement to have contractor’s insurance in NJ? Commercial general liability with a minimum of $500,000 per occurrence is the requirement in NJ. It is not only legally required but the law also states that you must post the certificate of insurance and the telephone number of the insurance agency issuing it at your job site.
- Do I need an umbrella policy? The answer depends on your situation. A general liability policy covers one million at most if your project or potential risk is higher than that umbrella policies can cover up to ten million in a typical case.
- Why Would I need more than the minimum, I am just a small business? There are big risks in the contractor’s business regardless of the size of the job. For example, the materials you are working with and the whole job site may only amount to 100,000 which is within the range of minimum coverage. However, what if you lose a finger to a band saw? Or an employee gets severely wounded by a pressure washer? There are a million variations of bodily harm risk that makes a higher coverage-worthy.
Contact us at E.S.T.I.R. Inc. if you have any further questions about contractor’s insurance or if you are ready to update your policy. We proudly serve business owners in and around Newark, NJ.
Finding the right insurance for your business can be a chore, and there are certain things you need to know before you can begin shopping for an insurance policy that is going to provide you with the coverage you need. One of the first things you need to know before you begin looking for coverage is how much actually needs.
Although it may seem like a daunting task, calculating your insurance is relatively simple. If you have your total assets accounted for in advance, it is a simple matter of adding the replacement cost of the structure with the assets of your business. This doesn’t include any vehicles or large outside machinery. You may need a rider for special items that have been appraised such as art, jewelry, or expensive equipment. Keep all of your receipts and any paperwork associated with your business’s assets to help you determine coverage needs, and to make the claims process easier.
Discuss Coverage With Your Agent
Always do business with a company that values their customers and will work with them to get an accurate estimate of coverage needs. They will be able to help you avoid errors in your calculations and guide you in the right direction when choosing between coverage options. A great company to speak with about your coverage details for businesses in around Newark, NJ is E.S.T.I.R. Inc. They have the knowledge and experience to give you helpful advice and guide you through the decision making process.
For more information about the products and services of E.S.T.I.R. Inc. for businesses located in the Newark, NJ area, call the office and speak to a representative. Let them help you secure your company’s future today.
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.