We offer insurance packages that are tailored for different types of businesses. Whether it is insurance for your building, business property, equipment, inventory or company vehicles, we offer products and services to protect your business. In addition, we offer group health insurance plans.
Property Insurance covers the risk of property loss in a variety of commercial situations, including commercial buildings, equipment, furniture, fixtures, inventories, business records, supplies and other physical items.
Property Insurance may cover two types of property losses:
General Liability coverage is available to protect your business from liability claims arising for Bodily Injury or Property Damage.
Policies provide coverage for liability arising out of:
You may want to consider a Business Owners Package which combines your Liability, Property and other types of coverage into one comprehensive policy and which can help you save time and money on your total insurance program. And since we live in an age of million-dollar lawsuits, you may also want to add extra liability protection in the form of a Commercial Umbrella Policy. We can tell you more about these plans and if they make sense for you.
Umbrella Insurance protects you from damages in the event of a catastrophic accident. General Liability and Commercial Automobile Liability covers a limited amount while Commercial Umbrella Insurance will cover a much higher limit. A catastrophic event in a business could result in millions of dollars in damages; an Umbrella Policy provides coverage when the other applicable policies are exhausted.
Commercial Auto coverage insures vehicles that are owned, leased, hired or borrowed by businesses, whether they are associations, corporations, partnerships or sole proprietorships. Commercial Auto coverage may be used to insure private passenger autos and all types of trucks, trailers, semitrailers and commercial vehicles designed for use on public roads. We can give you more details about specific coverages and deductibles and about tailoring a Commercial Auto plan that’s right for you and your business.
As required in New Jersey and other states, employers must obtain this coverage to cover work-place injuries to their employees. Coverage includes medical expenses and lost wages due to injuries sustained while at work. Employers liability is included in the workers compensation policy.
Read this very informative article, Controlling the Costs of Workers Comp, written by Bill Jeney, President of The Schenck Agency.
Business Interruption insurance protects a business owner against losses from a temporary shutdown due to insured events such as fire or flood. Business Interruption can reimburse loss of net profits and necessary continuing expenses.
Professional liability protects against loss from a claim of alleged negligent acts, errors or omissions in the performance of professional services. This might include loss of client data, software or system failure, claims of non-performance or negligent oversell.
Employment Practices Liability Insurance (EPLI) protects employers from claims filed by workers that their legal rights have been violated. The policy will reimburse expenses incurred by court costs as well as any settlements or judgments.