Commercial Insurance: FAQs

Unraveling Business Insurance for New Jersey Businesses

Are you a business owner seeking to protect your venture with the right commercial insurance? Perhaps you’re contemplating upgrading your existing policy. This blog helps answer common questions related to business insurance.

What type of business insurance do you need?

A multitude of insurance options are available for your business and should be chosen based on your company-specific needs. For instance, if you own a commercial property, you might want to consider a business owner’s policy. Additionally, having workers’ compensation is essential if you employ staff.

Is insurance necessary for home businesses?

Yes. If you operate a home-based business, securing relevant insurance is critical. Home businesses, much like traditional businesses, face similar risks. If customers frequently visit your home-based entity, it’s best to have general liability insurance.

Is business insurance mandatory in New Jersey?

All limited liability companies (LLCs) and partnerships must have proper business insurance coverage in New Jersey. Further, like most US states, New Jersey requires all companies to have workers’ compensation coverage to protect employees.

If you’re a business owner in New Jersey and require commercial insurance, contact MSM Insurance Agency Inc. We’re equipped to provide the necessary information about various insurance options. Serving clients in Kearny, NJ, and nearby areas, we’re eager to answer your questions and provide extensive support.