Commercial insurance in Bloomfield, NJ is not legally required in most cases. However, businesses are required to have workers’ compensation and liability insurance, both of which can provide essential protection in the event of an injury.
Workers’ Compensation
Workers’ compensation insurance provides coverage if an employee is injured while at work or on the property. Whether the employee is on the clock determines whether the issue falls under workers’ compensation or liability. Employees who are injured while working can file a claim for workers’ compensation, which may help cover medical bills and lost wages.
It is important to note that workers’ compensation policies may deny certain claims, particularly if the injury is the employee’s fault. For example, if the employee is responsible for their own injury, the employer is not liable for medical bills. An agent at E.S.T.I.R. Inc. can help you understand the specifics of workers’ compensation coverage and how it applies to your business.
Liability Lawsuits
If an employee is injured off the clock or if someone else is injured, the issue falls under liability coverage. Liability policies typically provide coverage for bodily injury, including medical bills, but the injured party must prove that the business was responsible for the injury. For instance, if someone slips on a wet floor that was not marked with a warning sign, liability coverage may apply.
Businesses are not responsible for injuries caused by the individual’s own actions. For example, if someone trips over their untied shoe, the business is not at fault.
Understanding how injury lawsuits and claims work is crucial to avoid settling lawsuits or agreeing to liability for situations that are not your responsibility. An agent at E.S.T.I.R. Inc. can help you navigate this process and ensure your business is protected. Contact us today to learn more. We proudly serve the Bloomfield, NJ area.
