Whether you operate a modest business as a contractor providing specific services or if your business is larger and offers a wide range of services, having enough insurance coverage is a necessity. As a contractor, you already have the required insurance the state requires for Bloomfield, NJ, and the surrounding areas. Contractors are required to have coverage, such as general liability, commercial vehicle coverage, and workers’ compensation. With help from our team at E.S.T.I.R. Inc., we will explain the importance of having additional coverage to protect your business. This coverage is known as umbrella insurance.<\/p>\n
In simple terms, umbrella insurance serves as an extra layer of protection for your business. If your company is involved in an accident and claims are filed, umbrella insurance steps in. You must have other policies to qualify to purchase an umbrella insurance policy.<\/p>\n
As a contractor, you may work on large projects. In the event of an accident, you are more prone to encounter high-dollar claims. With umbrella insurance in place, the policy provides the additional coverage needed when a claim exceeds your standard policy limits for coverage.<\/p>\n
Having an umbrella insurance policy can save you money, especially on these large types of claims. The extra cover can distinguish between protecting your company and financial ruin due to a lawsuit.<\/p>\n
There are several reasons to consider purchasing umbrella insurance. These include financial security, protection on company assets, assurance of coverage for large claims, coverage of personal injury claims, and more.<\/p>\n
Stay updated with the coverage needed to protect your business assets and provide peace of mind. Call us at E.S.T.I.R. for information about what’s involved in protecting Bloomfield, NJ businesses with an umbrella insurance policy.<\/p>\n","protected":false},"excerpt":{"rendered":"
What Contractors Need to Know About Umbrella Insurance Whether you operate a modest business as a contractor providing specific services or if your business is larger and offers a wide range of services, having enough insurance coverage is a necessity. As a contractor, you already have the required insurance the state requires for Bloomfield, NJ, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[224,94,230],"class_list":["post-781","post","type-post","status-publish","format-standard","hentry","category-insurance","tag-bloomfield-nj","tag-e-s-t-i-r-inc","tag-umbrella-insurance"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t